Quent Capital LLC Grows Stock Holdings in Waste Management, Inc. $WM

Quent Capital LLC boosted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 13.3% during the second quarter, Holdings Channel.com reports. The firm owned 1,284 shares of the business services provider’s stock after acquiring an additional 151 shares during the period. Quent Capital LLC’s holdings in Waste Management were worth $294,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Brighton Jones LLC increased its position in Waste Management by 51.1% during the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after acquiring an additional 2,320 shares during the last quarter. Empowered Funds LLC increased its position in Waste Management by 82.9% during the first quarter. Empowered Funds LLC now owns 22,670 shares of the business services provider’s stock valued at $5,248,000 after acquiring an additional 10,272 shares during the last quarter. Zevenbergen Capital Investments LLC increased its position in Waste Management by 30.4% during the second quarter. Zevenbergen Capital Investments LLC now owns 9,430 shares of the business services provider’s stock valued at $2,158,000 after acquiring an additional 2,200 shares during the last quarter. BROOKFIELD Corp ON increased its position in Waste Management by 25.1% during the first quarter. BROOKFIELD Corp ON now owns 20,135 shares of the business services provider’s stock valued at $4,661,000 after acquiring an additional 4,043 shares during the last quarter. Finally, Czech National Bank increased its position in Waste Management by 6.7% during the second quarter. Czech National Bank now owns 89,510 shares of the business services provider’s stock valued at $20,482,000 after acquiring an additional 5,620 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WM. CIBC boosted their price objective on shares of Waste Management from $244.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, June 26th. Melius began coverage on shares of Waste Management in a research report on Monday, June 9th. They set a “buy” rating on the stock. Erste Group Bank cut shares of Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Melius Research upgraded shares of Waste Management to a “strong-buy” rating and set a $263.00 price target on the stock in a report on Monday, June 9th. Finally, Raymond James Financial upped their price target on shares of Waste Management from $255.00 to $256.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $255.17.

Waste Management Stock Up 1.3%

NYSE:WM opened at $219.77 on Friday. Waste Management, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58. The company has a 50-day moving average of $224.29 and a 200 day moving average of $228.26. The firm has a market cap of $88.53 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 2.68 and a beta of 0.64. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The company had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.37 billion. During the same period in the prior year, the firm earned $1.82 earnings per share. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management’s dividend payout ratio is 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.