Waste Management, Inc. $WM Shares Sold by Candriam S.C.A.

Candriam S.C.A. reduced its position in shares of Waste Management, Inc. (NYSE:WM) by 16.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 650,705 shares of the business services provider’s stock after selling 124,724 shares during the quarter. Waste Management makes up 0.9% of Candriam S.C.A.’s portfolio, making the stock its 19th biggest holding. Candriam S.C.A.’s holdings in Waste Management were worth $148,901,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Valeo Financial Advisors LLC increased its holdings in shares of Waste Management by 15,782.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,728,486 shares of the business services provider’s stock worth $395,512,000 after buying an additional 1,717,603 shares during the last quarter. Nuveen LLC acquired a new stake in Waste Management during the first quarter worth $333,089,000. Ameriprise Financial Inc. raised its position in Waste Management by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock valued at $1,233,240,000 after purchasing an additional 1,239,996 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Waste Management by 26.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,343,267 shares of the business services provider’s stock valued at $774,000,000 after purchasing an additional 709,557 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of Waste Management by 738.2% during the 1st quarter. Voya Investment Management LLC now owns 759,217 shares of the business services provider’s stock worth $175,766,000 after purchasing an additional 668,637 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WM has been the topic of several research analyst reports. Robert W. Baird upgraded shares of Waste Management from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $238.00 to $242.00 in a report on Tuesday, November 4th. Royal Bank Of Canada reduced their price target on shares of Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 29th. Sanford C. Bernstein started coverage on shares of Waste Management in a research report on Wednesday. They set an “outperform” rating and a $255.00 price objective for the company. Baird R W raised Waste Management from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Finally, National Bankshares lowered their price target on Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 7th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $248.79.

Waste Management Trading Up 0.3%

WM opened at $203.94 on Thursday. The business has a fifty day moving average price of $213.50 and a 200 day moving average price of $224.70. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.82. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $242.58. The stock has a market capitalization of $82.16 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 2.51 and a beta of 0.62.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.03). Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The company had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.51 billion. During the same quarter in the previous year, the business posted $1.96 EPS. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. Sell-side analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given 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 dividend yield of 1.6%. Waste Management’s dividend payout ratio is currently 51.97%.

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.