EagleClaw Capital Managment LLC Sells 1,275 Shares of Waste Management, Inc. $WM

EagleClaw Capital Managment LLC lowered its holdings in shares of Waste Management, Inc. (NYSE:WM) by 6.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,546 shares of the business services provider’s stock after selling 1,275 shares during the quarter. EagleClaw Capital Managment LLC’s holdings in Waste Management were worth $4,244,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Wealthfront Advisers LLC increased its position in Waste Management by 3.1% in the second quarter. Wealthfront Advisers LLC now owns 57,093 shares of the business services provider’s stock worth $13,064,000 after buying an additional 1,698 shares in the last quarter. GPM Growth Investors Inc. lifted its position in shares of Waste Management by 50.6% during the 2nd quarter. GPM Growth Investors Inc. now owns 16,640 shares of the business services provider’s stock valued at $3,808,000 after buying an additional 5,588 shares in the last quarter. Machina Capital S.A.S. purchased a new stake in Waste Management in the 2nd quarter worth approximately $4,361,000. Brighton Jones LLC raised its stake in Waste Management by 51.1% during the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after acquiring an additional 2,320 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Waste Management during the second quarter valued at approximately $6,865,000. 80.40% of the stock is currently owned by institutional investors.

Waste Management Stock Performance

NYSE:WM opened at $203.94 on Thursday. The company has a market cap of $82.16 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 2.51 and a beta of 0.62. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $242.58. The stock’s 50 day simple moving average is $213.50 and its two-hundred day simple moving average is $224.70. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.82.

Waste Management (NYSE:WM) last posted its earnings results on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.51 billion. During the same quarter in the prior year, the company posted $1.96 earnings per share. The firm’s revenue was up 14.9% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, September 12th. Waste Management’s dividend payout ratio is currently 51.97%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. National Bankshares decreased their price objective on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 7th. Royal Bank Of Canada decreased their price target on Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. Barclays lowered their price objective on Waste Management from $271.00 to $266.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. CIBC decreased their target price on Waste Management from $235.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Finally, Sanford C. Bernstein assumed coverage on Waste Management in a research note on Wednesday. They issued an “outperform” rating and a $255.00 price target for the company. Three investment 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 stock. Based on data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and a consensus price target of $248.79.

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.