Trexquant Investment LP Has $30.13 Million Holdings in Waste Management, Inc. $WM

Trexquant Investment LP grew its holdings in shares of Waste Management, Inc. (NYSE:WM) by 91.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 130,128 shares of the business services provider’s stock after purchasing an additional 62,091 shares during the period. Trexquant Investment LP’s holdings in Waste Management were worth $30,126,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WM. Westend Capital Management LLC grew its position in shares of Waste Management by 126.9% during the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock worth $27,000 after purchasing an additional 66 shares in the last quarter. West Branch Capital LLC lifted its holdings in shares of Waste Management by 69.0% during the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock worth $28,000 after acquiring an additional 49 shares during the period. GKV Capital Management Co. Inc. bought a new stake in shares of Waste Management during the 1st quarter worth approximately $38,000. Adalta Capital Management LLC bought a new stake in shares of Waste Management during the 4th quarter worth approximately $40,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Waste Management during the 1st quarter worth approximately $45,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WM. CIBC upped their price target on shares of Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, June 26th. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Melius Research raised shares of Waste Management to a “strong-buy” rating and set a $263.00 price target for the company in a report on Monday, June 9th. UBS Group increased their price objective on shares of Waste Management from $260.00 to $265.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $229.00 price objective on shares of Waste Management in a research note on Thursday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $254.35.

Waste Management Price Performance

WM stock opened at $225.86 on Thursday. The company has a fifty day moving average price of $228.75 and a 200-day moving average price of $229.78. The company has a market capitalization of $90.98 billion, a P/E ratio of 33.51, a PEG ratio of 2.76 and a beta of 0.64. Waste Management, Inc. has a 52-week low of $199.69 and a 52-week high of $242.58. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86.

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

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. Waste Management’s dividend payout ratio (DPR) is presently 48.96%.

Waste Management 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.