Motiv8 Investments LLC Boosts Stock Position in Waste Management, Inc. $WM

Motiv8 Investments LLC boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 12.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,761 shares of the business services provider’s stock after acquiring an additional 640 shares during the quarter. Motiv8 Investments LLC’s holdings in Waste Management were worth $1,318,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Westend Capital Management LLC increased its stake in 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 buying an additional 66 shares during the period. West Branch Capital LLC increased its position in shares of Waste Management by 69.0% during the first 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. Saudi Central Bank acquired a new stake in shares of Waste Management in the first quarter valued at $37,000. GKV Capital Management Co. Inc. acquired a new position in Waste Management during the 1st quarter worth $38,000. Finally, New Age Alpha Advisors LLC purchased a new stake in Waste Management during the 1st quarter worth about $45,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Price Performance

Shares of WM opened at $219.77 on Monday. 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, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58. The stock 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 firm has a fifty day moving average price of $224.29 and a 200 day moving average price of $228.27.

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

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a $0.825 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.30 annualized dividend and a yield of 1.5%. Waste Management’s dividend payout ratio is 48.96%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WM. Weiss Ratings reissued a “buy (b)” rating on shares of Waste Management in a research report on Saturday, September 27th. Scotiabank boosted their price target on shares of Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 31st. Melius initiated coverage on shares of Waste Management in a report on Monday, June 9th. They issued a “buy” rating on the stock. Erste Group Bank downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Finally, Stifel Nicolaus initiated coverage on Waste Management in a research note on Tuesday, September 30th. They issued a “buy” rating and a $252.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Waste Management has an average rating of “Moderate Buy” and an average price target of $255.17.

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.