Convergence Investment Partners LLC Acquires New Position in Waste Management, Inc. $WM

Convergence Investment Partners LLC bought a new position in shares of Waste Management, Inc. (NYSE:WM) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,094 shares of the business services provider’s stock, valued at approximately $711,000.

Several other institutional investors also recently bought and sold shares of the business. Elevated Capital Advisors LLC purchased a new stake in shares of Waste Management in the fourth quarter valued at $25,000. RHL Group LLC purchased a new position in Waste Management during the fourth quarter worth about $29,000. Financial Network Wealth Advisors LLC lifted its position in Waste Management by 55.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after buying an additional 47 shares during the period. Mcguire Capital Advisors Inc. acquired a new stake in Waste Management in the 4th quarter worth about $29,000. Finally, JPL Wealth Management LLC purchased a new stake in Waste Management in the 3rd quarter valued at about $30,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Performance

Waste Management stock opened at $232.94 on Wednesday. The company has a market cap of $93.55 billion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 2.91 and a beta of 0.44. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $248.13. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. The stock’s 50-day moving average is $223.01 and its 200-day moving average is $226.74.

Waste Management (NYSE:WM) last issued its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The business had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.67 EPS. Equities analysts anticipate that Waste Management, Inc. will post 8.16 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were paid a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, June 5th. Waste Management’s payout ratio is currently 54.70%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WM shares. Royal Bank Of Canada increased their price objective on shares of Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on shares of Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Weiss Ratings lowered shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Scotiabank increased their price target on shares of Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 16th. Finally, Oppenheimer decreased their price target on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and a consensus price target of $256.74.

Waste Management News Summary

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

• Positive Sentiment: Seeking Alpha says Waste Management remains a defensive holding with a positive outlook, which may support investor confidence in the stock’s long-term stability. Waste Management: Positive Outlook As Defensive Anchor Remains
• Neutral Sentiment: Analysts are expecting earnings growth from Waste Management, but current setup suggests the company may not have the ideal ingredients for an earnings beat in the upcoming report. Waste Management (WM) Earnings Expected to Grow: Should You Buy?
• Neutral Sentiment: Another earnings preview noted that Waste Management is expected to post higher profits, but revenue and beat expectations remain uncertain, keeping sentiment mixed ahead of results. Waste Management (WM) Earnings Expected to Grow: Should You Buy?
• Negative Sentiment: MarketBeat and Zacks both highlighted that WM fell as the broader market advanced, suggesting recent weakness may reflect profit-taking or relative underperformance rather than a company-specific catalyst. Waste Management (WM) Stock Sinks As Market Gains: What You Should Know
• Negative Sentiment: Waste Management also announced it will end service in a Centre County township, a local operational change that may be viewed negatively by some investors, though the financial impact appears limited. Waste Management to end service in a Centre County township

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.