Mesirow Financial Investment Management Inc. Sells 6,668 Shares of Waste Management, Inc. $WM

Mesirow Financial Investment Management Inc. lessened its holdings in Waste Management, Inc. (NYSE:WM) by 50.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,662 shares of the business services provider’s stock after selling 6,668 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Waste Management were worth $1,525,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC increased its position in Waste Management by 3.1% during the 2nd quarter. Wealthfront Advisers LLC now owns 57,093 shares of the business services provider’s stock worth $13,064,000 after buying an additional 1,698 shares during the period. GPM Growth Investors Inc. increased its position in Waste Management by 50.6% during the 2nd quarter. GPM Growth Investors Inc. now owns 16,640 shares of the business services provider’s stock worth $3,808,000 after buying an additional 5,588 shares during the period. Zevenbergen Capital Investments LLC grew its holdings in shares of Waste Management by 30.4% during the 2nd quarter. Zevenbergen Capital Investments LLC now owns 9,430 shares of the business services provider’s stock worth $2,158,000 after purchasing an additional 2,200 shares in the last quarter. Brighton Jones LLC grew its holdings in shares of Waste Management by 51.1% during the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after purchasing an additional 2,320 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Waste Management during the 2nd quarter worth $6,865,000. Institutional investors own 80.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Stifel Nicolaus reduced their target price on Waste Management from $252.00 to $236.00 and set a “buy” rating on the stock in a report on Wednesday. Oppenheimer reissued an “outperform” rating and set a $262.00 target price on shares of Waste Management in a report on Wednesday. William Blair reissued an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. UBS Group reduced their target price on Waste Management from $240.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday. Finally, BMO Capital Markets increased their target price on Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a report on Wednesday, July 30th. Two 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.61.

Waste Management Stock Performance

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

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $6.51 billion. During the same period last year, the business earned $1.96 earnings per share. The business’s quarterly revenue was up 14.9% 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, September 12th. Waste Management’s payout ratio is 51.97%.

About Waste Management

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.