Redwood Investment Management LLC Takes $218,000 Position in Waste Management, Inc. $WM

Redwood Investment Management LLC purchased a new position in shares of Waste Management, Inc. (NYSE:WM) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 943 shares of the business services provider’s stock, valued at approximately $218,000.

Several other institutional investors have also recently bought and sold shares of WM. Westend Capital Management LLC increased its stake in shares of Waste Management by 126.9% in the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock valued at $27,000 after buying an additional 66 shares in the last quarter. West Branch Capital LLC grew its holdings in Waste Management by 69.0% during the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock worth $28,000 after acquiring an additional 49 shares during the last quarter. GKV Capital Management Co. Inc. acquired a new stake in Waste Management in the 1st quarter valued at about $38,000. Adalta Capital Management LLC acquired a new position in shares of Waste Management during the fourth quarter worth approximately $40,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Waste Management during the first quarter worth approximately $45,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of WM stock opened at $225.86 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. Waste Management, Inc. has a 12-month low of $199.69 and a 12-month high of $242.58. The firm has a fifty day moving average of $228.75 and a 200-day moving average of $229.78. The firm has a market capitalization of $90.98 billion, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 2.76 and a beta of 0.64.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.89 by $0.03. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The business had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter last year, the business posted $1.82 EPS. The firm’s revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a $0.825 dividend. The ex-dividend date is Friday, September 12th. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. Waste Management’s payout ratio is currently 48.96%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on WM shares. Oppenheimer boosted their price objective on shares of Waste Management from $260.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Raymond James Financial boosted their target price on Waste Management from $255.00 to $256.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. National Bank Financial upgraded Waste Management to a “hold” rating in a report on Monday, May 26th. William Blair reissued an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. upgraded shares of Waste Management from a “neutral” rating to an “overweight” rating and upped their target price for the company from $225.00 to $277.00 in a research report on Friday, May 23rd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $254.35.

Waste Management Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.