Waste Management, Inc. $WM Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its position in Waste Management, Inc. (NYSE:WM) by 90.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 806,172 shares of the business services provider’s stock after buying an additional 382,079 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Waste Management were worth $185,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in Waste Management in the 4th quarter valued at approximately $10,206,000. Capital Advisors Inc. OK raised its stake in shares of Waste Management by 2.0% during the 4th quarter. Capital Advisors Inc. OK now owns 196,585 shares of the business services provider’s stock worth $43,192,000 after buying an additional 3,880 shares in the last quarter. KLP Kapitalforvaltning AS lifted its holdings in shares of Waste Management by 18.5% in the 4th quarter. KLP Kapitalforvaltning AS now owns 236,153 shares of the business services provider’s stock valued at $51,885,000 after buying an additional 36,900 shares during the period. LBP AM SA grew its stake in shares of Waste Management by 24.1% during the 4th quarter. LBP AM SA now owns 46,640 shares of the business services provider’s stock worth $10,247,000 after purchasing an additional 9,071 shares during the period. Finally, Cohen Capital Management Inc. purchased a new position in shares of Waste Management in the 4th quarter valued at about $3,252,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

WM has been the subject of a number of research analyst reports. Canadian Imperial Bank of Commerce raised shares of Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 target price for the company in a report on Tuesday, July 7th. Citigroup raised their price target on Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Scotiabank increased their price objective on shares of Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a research note on Thursday, July 16th. Oppenheimer cut their target price on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a research report on Wednesday, July 8th. Finally, Barclays increased their price target on shares of Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Fifteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $256.74.

Waste Management Stock Up 0.7%

WM opened at $238.86 on Friday. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $248.13. The business has a 50-day moving average of $224.17 and a two-hundred day moving average of $227.08. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. The stock has a market capitalization of $95.92 billion, a price-to-earnings ratio of 34.57, a price-to-earnings-growth ratio of 2.89 and a beta of 0.44.

Waste Management (NYSE:WM) last released its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.06. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The business had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the company earned $1.67 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. On average, research analysts expect that Waste Management, Inc. will post 8.16 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were paid a dividend of $0.945 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. Waste Management’s payout ratio is currently 54.70%.

Key Stories Impacting Waste Management

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Analysts expect WM to report higher revenue and earnings, supported by stronger collection and disposal pricing plus a sharp increase in renewable energy sales. WM Is Set to Report Q2 Earnings: Here’s What Investors Should Know
• Positive Sentiment: WM was highlighted as a stock that can benefit from inflation because its contracts allow it to pass rising costs through to customers, which supports margins and earnings resilience. 2 Stocks Built to Thrive If Inflation Refuses to Fade
• Positive Sentiment: The company was also cited as one of several waste firms using AI to improve efficiency and expand margins, reinforcing the long-term growth narrative. 3 Waste Stocks Turning AI Investments Into Growth
• Neutral Sentiment: Several articles published ahead of earnings focused on Wall Street estimates and key operating metrics, suggesting investors are mainly waiting for the actual Q2 report before making a bigger move. Curious about Waste Management (WM) Q2 Performance? Explore Wall Street Estimates for Key Metrics
• Neutral Sentiment: One broad S&P 500 article mentioned WM among companies worth investigating, but it did not provide a specific new catalyst for the stock. 1 S&P 500 Stock Worth Investigating and 2 Facing Challenges

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.