Rakuten Investment Management Inc. Takes $11.82 Million Position in Waste Management, Inc. $WM

Rakuten Investment Management Inc. purchased a new position in Waste Management, Inc. (NYSE:WM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 53,528 shares of the business services provider’s stock, valued at approximately $11,821,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Syntegra Private Wealth Group LLC lifted its position in shares of Waste Management by 2.0% during the 2nd quarter. Syntegra Private Wealth Group LLC now owns 2,291 shares of the business services provider’s stock valued at $524,000 after buying an additional 44 shares during the last quarter. Harbour Trust & Investment Management Co raised its stake in Waste Management by 1.1% in the 2nd quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider’s stock valued at $943,000 after acquiring an additional 45 shares during the period. KWB Wealth lifted its holdings in Waste Management by 1.3% during the second quarter. KWB Wealth now owns 3,607 shares of the business services provider’s stock valued at $835,000 after purchasing an additional 47 shares during the last quarter. D.B. Root & Company LLC boosted its position in Waste Management by 3.0% during the second quarter. D.B. Root & Company LLC now owns 1,603 shares of the business services provider’s stock worth $367,000 after purchasing an additional 47 shares during the period. Finally, InTrack Investment Management Inc increased its stake in shares of Waste Management by 0.8% in the second quarter. InTrack Investment Management Inc now owns 5,856 shares of the business services provider’s stock worth $1,340,000 after purchasing an additional 49 shares in the last quarter. 80.40% of the stock is owned by institutional investors.

More Waste Management News

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Traders noted a Power Inflow (order-flow) signal that flashed at about $222.60 and preceded an intraday high, a short-term bullish technical cue that can attract momentum buyers. Waste Management Shares Hit Intraday High After Key Trading Signal
• Positive Sentiment: Credit and balance-sheet analysis argues WM can manage its elevated debt load responsibly, which reduces investor concern about leverage and supports the stock’s valuation. Here’s Why Waste Management (NYSE:WM) Can Manage Its Debt Responsibly
• Positive Sentiment: Longer-term industry research projects strong secular growth in the global waste management market through 2033, a tailwind for WM’s revenue growth outlook and investor sentiment toward the sector. Waste Management Market Poised to Surge to a Stunning US$ 2.30 Trillion by 2033
• Neutral Sentiment: Scotiabank reaffirmed a “sector perform” rating but trimmed its price target slightly to $250, signaling modestly less upside but no change in stance. Scotiabank rating note
• Neutral Sentiment: Barclays kept an Overweight rating but nudged its target from $266 to $265, a small adjustment that still implies meaningful upside vs. current levels. Barclays price target note
• Neutral Sentiment: Sector/company roundups and analyst commentaries (MSN, The Globe & Mail) are circulating but offer mixed, mostly descriptive takes rather than new catalyst-driven guidance. Waste management stocks Q3 recap Analysts Offer Insights on Industrial Goods Companies
• Negative Sentiment: Zacks warns WM may lack the setup for an earnings beat in the next report, flagging a potential risk that an earnings or revenue miss could pressure the stock near-term. Waste Management (WM) Earnings Expected to Grow: Should You Buy?

Insider Activity at Waste Management

In other news, SVP Rafael Carrasco sold 1,380 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total transaction of $299,542.80. Following the sale, the senior vice president owned 15,540 shares in the company, valued at approximately $3,373,112.40. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by insiders.

Waste Management Price Performance

NYSE:WM opened at $226.33 on Thursday. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $242.58. The stock has a fifty day moving average of $216.96 and a 200 day moving average of $219.14. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.80 and a current ratio of 0.84. The firm has a market capitalization of $91.18 billion, a price-to-earnings ratio of 35.64, a P/E/G ratio of 2.48 and a beta of 0.59.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.03). Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The business had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.51 billion. During the same period in the previous year, the business earned $1.96 EPS. The business’s revenue was up 14.9% on a year-over-year basis. On average, research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, December 5th. Waste Management’s payout ratio is currently 51.97%.

Analysts Set New Price Targets

A number of brokerages recently commented on WM. TD Cowen restated a “buy” rating on shares of Waste Management in a research note on Wednesday, October 29th. Robert W. Baird raised Waste Management from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $238.00 to $242.00 in a report on Tuesday, November 4th. Truist Financial set a $260.00 price target on Waste Management in a research report on Wednesday, October 29th. UBS Group raised Waste Management from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $225.00 to $260.00 in a report on Friday, January 9th. Finally, National Bankshares cut their target price on Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $250.23.

Waste Management Company Profile

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.