SLT Holdings LLC Takes $209,000 Position in Waste Management, Inc. $WM

SLT Holdings LLC acquired a new stake in shares of Waste Management, Inc. (NYSE:WM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 915 shares of the business services provider’s stock, valued at approximately $209,000.

Other hedge funds have also recently modified their holdings of the company. McAdam LLC boosted its position in Waste Management by 3.1% in the first quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock valued at $343,000 after buying an additional 44 shares during the last quarter. Stonebridge Financial Group LLC boosted its position in Waste Management by 3.0% in the first quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider’s stock valued at $355,000 after buying an additional 45 shares during the last quarter. Formidable Asset Management LLC boosted its position in Waste Management by 2.0% in the first quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider’s stock valued at $536,000 after buying an additional 45 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in Waste Management by 3.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,509 shares of the business services provider’s stock valued at $349,000 after buying an additional 46 shares during the last quarter. Finally, Tandem Capital Management Corp ADV boosted its position in Waste Management by 0.7% in the first quarter. Tandem Capital Management Corp ADV now owns 6,614 shares of the business services provider’s stock valued at $1,531,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Stifel Nicolaus started coverage on Waste Management in a research report on Tuesday, September 30th. They issued a “buy” rating and a $252.00 target price on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a $229.00 price objective on shares of Waste Management in a research report on Thursday, June 26th. UBS Group upped their price objective on Waste Management from $260.00 to $265.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. National Bankshares lowered their price objective on Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a research report on Tuesday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Waste Management in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus price target of $254.32.

Waste Management Trading Up 0.7%

Shares of WM stock opened at $219.09 on Friday. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. The company has a market cap of $88.26 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 2.68 and a beta of 0.64. The stock has a 50 day simple moving average of $223.04 and a 200-day simple moving average of $227.98. Waste Management, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58.

Waste Management (NYSE:WM) last announced its earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share 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 during the quarter, compared to the consensus estimate of $6.37 billion. During the same period in the prior year, the company posted $1.82 EPS. The business’s quarterly revenue was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

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

Waste Management Company 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.