LRI Investments LLC Boosts Stake in Waste Management, Inc. $WM

LRI Investments LLC lifted its position in Waste Management, Inc. (NYSE:WM) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,073 shares of the business services provider’s stock after buying an additional 100 shares during the quarter. LRI Investments LLC’s holdings in Waste Management were worth $474,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of WM. Westend Capital Management LLC raised its holdings in shares of Waste Management by 126.9% in the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock valued at $27,000 after buying an additional 66 shares during the period. Saudi Central Bank purchased a new stake in shares of Waste Management in the 1st quarter valued at $37,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Waste Management in the 1st quarter valued at $38,000. New Age Alpha Advisors LLC purchased a new stake in shares of Waste Management in the 1st quarter valued at $45,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Waste Management by 381.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock valued at $47,000 after buying an additional 160 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WM. Oppenheimer cut their price objective on Waste Management from $265.00 to $262.00 and set an “outperform” rating on the stock in a report on Wednesday, October 8th. UBS Group lifted their price objective on Waste Management from $260.00 to $265.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. BMO Capital Markets lifted their price objective on Waste Management from $245.00 to $248.00 and gave the company a “market perform” rating in a research note on Wednesday, July 30th. Stifel Nicolaus began coverage on Waste Management in a research note on Tuesday, September 30th. They issued a “buy” rating and a $252.00 price objective for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $254.32.

Waste Management Trading Up 0.7%

NYSE:WM opened at $219.09 on Monday. The stock has a 50-day simple moving average of $223.04 and a 200-day simple moving average of $227.96. The stock has a market cap of $88.26 billion, a P/E ratio of 32.51, a P/E/G ratio of 2.70 and a beta of 0.64. Waste Management, Inc. has a 1 year low of $199.69 and a 1 year high of $242.58. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.03. The business had revenue of $6.43 billion during 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 quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently announced 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 of this dividend was Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. Waste Management’s dividend payout ratio is 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.