IQ EQ FUND MANAGEMENT IRELAND Ltd Purchases 897 Shares of Waste Management, Inc. $WM

IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in shares of Waste Management, Inc. (NYSE:WM) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,873 shares of the business services provider’s stock after buying an additional 897 shares during the quarter. Waste Management comprises about 1.1% of IQ EQ FUND MANAGEMENT IRELAND Ltd’s portfolio, making the stock its 19th biggest position. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Waste Management were worth $11,870,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new position in shares of Waste Management during the first quarter worth approximately $37,000. GKV Capital Management Co. Inc. bought a new stake in Waste Management during the 1st quarter valued at $38,000. Wealth Watch Advisors INC acquired a new position in Waste Management during the second quarter worth $43,000. New Age Alpha Advisors LLC bought a new position in shares of Waste Management in the first quarter valued at $45,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Waste Management by 381.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock valued at $47,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Down 0.5%

WM stock opened at $213.69 on Tuesday. The stock has a market cap of $86.08 billion, a P/E ratio of 31.70, a P/E/G ratio of 2.64 and a beta of 0.64. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. The stock’s fifty day simple moving average is $219.68 and its two-hundred day simple moving average is $227.10. Waste Management, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58.

Waste Management (NYSE:WM) last released 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). The business had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.51 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.96 earnings per share. Waste Management has set its FY 2025 guidance at EPS. Analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given 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, September 12th. Waste Management’s dividend payout ratio (DPR) is currently 48.96%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a research report on Tuesday, July 29th. Raymond James Financial raised their target price on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Barclays decreased their price target on Waste Management from $272.00 to $271.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. UBS Group dropped their price objective on Waste Management from $265.00 to $240.00 and set a “neutral” rating on the stock in a research note on Thursday, October 16th. Finally, Stifel Nicolaus started coverage on shares of Waste Management in a report on Tuesday, September 30th. They set a “buy” rating and a $252.00 price objective on the stock. Two equities research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $253.00.

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.