Orser Capital Management LLC Reduces Holdings in Waste Management, Inc. $WM

Orser Capital Management LLC trimmed its position in shares of Waste Management, Inc. (NYSE:WM) by 2.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,803 shares of the business services provider’s stock after selling 289 shares during the quarter. Waste Management accounts for approximately 1.8% of Orser Capital Management LLC’s investment portfolio, making the stock its 19th largest position. Orser Capital Management LLC’s holdings in Waste Management were worth $2,472,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Westend Capital Management LLC boosted its stake in shares of Waste Management by 126.9% during the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 66 shares during the period. West Branch Capital LLC boosted its stake 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 valued at $28,000 after purchasing an additional 49 shares during the period. Saudi Central Bank purchased a new stake in shares of Waste Management during the first quarter valued at $37,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Waste Management during the first quarter valued at $38,000. Finally, Adalta Capital Management LLC purchased a new stake in shares of Waste Management during the fourth quarter valued at $40,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WM shares. Melius Research raised shares of Waste Management to a “strong-buy” rating and set a $263.00 target price for the company in a research note on Monday, June 9th. National Bank Financial raised shares of Waste Management to a “hold” rating in a research note on Monday, May 26th. CIBC upped their price objective on shares of Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, June 26th. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. Finally, Royal Bank Of Canada reaffirmed 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 issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $254.35.

Waste Management Stock Performance

Shares of Waste Management stock opened at $216.15 on Tuesday. The company has a market capitalization of $87.07 billion, a PE ratio of 32.07, a P/E/G ratio of 2.68 and a beta of 0.64. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. The company has a 50-day simple moving average of $226.85 and a two-hundred day simple moving average of $229.18. Waste Management, Inc. has a one year low of $199.69 and a one year high of $242.58.

Waste Management (NYSE:WM) last announced 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 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 firm’s revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. Research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a $0.825 dividend. The ex-dividend date is Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management’s payout ratio is currently 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.