Robbins Farley Purchases 117 Shares of Waste Management, Inc. $WM

Robbins Farley boosted its position in Waste Management, Inc. (NYSE:WM) by 2.8% during the second quarter, Holdings Channel reports. The fund owned 4,303 shares of the business services provider’s stock after acquiring an additional 117 shares during the period. Robbins Farley’s holdings in Waste Management were worth $985,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Mainsail Financial Group LLC grew its stake in shares of Waste Management by 1.1% during the second quarter. Mainsail Financial Group LLC now owns 4,757 shares of the business services provider’s stock valued at $1,074,000 after buying an additional 53 shares during the last quarter. Capital Investment Advisors LLC grew its stake in shares of Waste Management by 5.9% during the second quarter. Capital Investment Advisors LLC now owns 11,148 shares of the business services provider’s stock valued at $2,551,000 after buying an additional 618 shares during the last quarter. Kavar Capital Partners Group LLC grew its stake in shares of Waste Management by 29.2% during the second quarter. Kavar Capital Partners Group LLC now owns 7,544 shares of the business services provider’s stock valued at $1,726,000 after buying an additional 1,705 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Waste Management by 1.1% during the second quarter. Janney Montgomery Scott LLC now owns 253,923 shares of the business services provider’s stock valued at $58,103,000 after buying an additional 2,675 shares during the last quarter. Finally, Wolff Wiese Magana LLC grew its stake in shares of Waste Management by 8.9% during the second quarter. Wolff Wiese Magana LLC now owns 4,027 shares of the business services provider’s stock valued at $921,000 after buying an additional 329 shares during the last quarter. 80.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. Oppenheimer increased their target price on shares of Waste Management from $260.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. UBS Group increased their target price on shares of Waste Management from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $229.00 target price on shares of Waste Management in a report on Thursday, June 26th. Finally, Melius Research upgraded shares of Waste Management to a “strong-buy” rating and set a $263.00 target price for the company in a report on Monday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $255.17.

Waste Management Stock Performance

Shares of WM opened at $219.24 on Tuesday. 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 one year low of $199.69 and a one year high of $242.58. The company has a 50-day simple moving average of $225.05 and a two-hundred day simple moving average of $228.48. The firm has a market capitalization of $88.31 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 2.67 and a beta of 0.64.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The business had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.37 billion. During the same period last year, the business posted $1.82 earnings per share. Waste Management’s quarterly revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. On average, analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued 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 (DPR) is 48.96%.

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.