Atria Investments Inc Boosts Stock Position in Waste Management, Inc. $WM

Atria Investments Inc boosted its holdings in Waste Management, Inc. (NYSE:WM) by 8.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 26,279 shares of the business services provider’s stock after purchasing an additional 2,076 shares during the quarter. Atria Investments Inc’s holdings in Waste Management were worth $6,013,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of WM. Saudi Central Bank purchased a new position in Waste Management in the first quarter valued at $37,000. GKV Capital Management Co. Inc. purchased a new position in Waste Management in the first quarter valued at $38,000. Wealth Watch Advisors INC purchased a new position in Waste Management in the second quarter valued at $43,000. New Age Alpha Advisors LLC purchased a new position in Waste Management in the first quarter valued at $45,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in Waste Management by 381.0% in the first 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 last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analysts Set New Price Targets

WM has been the topic of several research reports. Citigroup raised their price objective on Waste Management from $268.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday. Raymond James Financial raised their price target on Waste Management from $255.00 to $256.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. BMO Capital Markets lifted their price target on Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 30th. CIBC decreased their price objective on Waste Management from $235.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, UBS Group reduced their price target on shares of Waste Management from $240.00 to $225.00 and set a “neutral” rating for the company in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.61.

Waste Management Price Performance

Shares of NYSE:WM opened at $200.03 on Friday. The company has a 50-day simple moving average of $217.43 and a 200-day simple moving average of $226.32. Waste Management, Inc. has a one year low of $197.02 and a one year high of $242.58. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.82 and a current ratio of 0.84. The stock has a market capitalization of $80.58 billion, a price-to-earnings ratio of 31.50, a PEG ratio of 2.51 and a beta of 0.64.

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

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 12th. 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.