January Capital Advisors LLC bought a new position in shares of Waste Management, Inc. (NYSE:WM – Free Report) during the 1st quarter, Holdings Channel.com reports. The fund bought 5,932 shares of the business services provider’s stock, valued at approximately $1,363,000. Waste Management accounts for 1.8% of January Capital Advisors LLC’s investment portfolio, making the stock its 13th largest holding.
Other institutional investors have also made changes to their positions in the company. PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in Waste Management during the fourth quarter valued at about $10,206,000. KLP Kapitalforvaltning AS boosted its position in Waste Management by 18.5% during the fourth quarter. KLP Kapitalforvaltning AS now owns 236,153 shares of the business services provider’s stock valued at $51,885,000 after buying an additional 36,900 shares during the period. Principal Financial Group Inc. grew its stake in shares of Waste Management by 3.1% during the first quarter. Principal Financial Group Inc. now owns 460,317 shares of the business services provider’s stock valued at $105,776,000 after buying an additional 14,003 shares during the last quarter. LBP AM SA increased its holdings in shares of Waste Management by 24.1% in the fourth quarter. LBP AM SA now owns 46,640 shares of the business services provider’s stock worth $10,247,000 after buying an additional 9,071 shares during the period. Finally, Cohen Capital Management Inc. bought a new stake in shares of Waste Management in the 4th quarter valued at about $3,252,000. 80.40% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Weiss Ratings lowered Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Wells Fargo & Company dropped their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Canadian Imperial Bank of Commerce upgraded shares of Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 target price on the stock in a report on Tuesday, July 7th. Scotiabank upped their price target on shares of Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a report on Thursday, July 16th. Finally, Stifel Nicolaus increased their price target on shares of Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.33.
Waste Management News Summary
Here are the key news stories impacting Waste Management this week:
- Positive Sentiment: WM reported second-quarter adjusted earnings of $2.02 per share, exceeding the $1.98 consensus estimate. Pricing, productivity initiatives and cost controls helped strengthen margins, while revenue increased 4% year over year to $6.68 billion. WM Earnings Beat on Pricing in Q2, Revenues Miss Estimates
- Positive Sentiment: Management highlighted continued margin gains, technology investments and progress integrating healthcare-related operations, while maintaining its profitability outlook. These improvements could support cash flow and earnings growth. WM Q2 Earnings Call Highlights Margin Gains, Volume and Cash Flow
- Positive Sentiment: Analysts raised their price targets following the results: Stifel Nicolaus increased its target to $261 and kept a Buy rating, Barclays lifted its target to $277 with an Overweight rating, and RBC raised its target to $244 while maintaining Sector Perform. Stifel Nicolaus Sticks to Their Buy Rating for Waste Management
- Neutral Sentiment: The quarterly revenue result was broadly in line with expectations, but the company’s midpoint full-year revenue outlook of $26.38 billion was approximately 0.6% below analyst estimates. Full-year EPS expectations remain near $8.15-$8.16. Waste Management Posts Q2 Sales In Line With Estimates
- Negative Sentiment: Softer waste volumes limited revenue growth and offset some of the benefit from pricing and efficiency gains. The combination of weaker volume trends and guidance below expectations appears to be the primary reason investors reacted negatively despite the earnings beat. WM Q2 Deep Dive: Improving Margins and Integration Progress Offset Softer Volume Trends
- Negative Sentiment: Erste Group Bank made a marginal reduction to its 2026 EPS forecast, lowering it from $8.16 to $8.15, reinforcing concerns that near-term growth could remain modest.
Waste Management Price Performance
WM opened at $226.05 on Friday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.89 and a current ratio of 0.91. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The stock has a market capitalization of $90.78 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 2.88 and a beta of 0.44. The stock’s 50 day moving average price is $225.35 and its 200-day moving average price is $227.60.
Waste Management (NYSE:WM – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.04. The company had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.71 billion. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.92 earnings per share. On average, equities research analysts predict that Waste Management, Inc. will post 8.15 EPS for the current year.
Waste Management Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were given a $0.945 dividend. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, June 5th. Waste Management’s dividend payout ratio (DPR) is currently 54.70%.
About Waste Management
Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.
Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.
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