Prescott Group Capital Management L.L.C. Buys 567 Shares of Waste Management, Inc. $WM

Prescott Group Capital Management L.L.C. raised its stake in Waste Management, Inc. (NYSE:WM) by 24.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,842 shares of the business services provider’s stock after acquiring an additional 567 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Waste Management were worth $650,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Saudi Central Bank bought a new position in Waste Management in the 1st quarter valued at about $37,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Waste Management during the 1st quarter worth approximately $38,000. Wealth Watch Advisors INC bought a new position in Waste Management in the second quarter valued at approximately $43,000. New Age Alpha Advisors LLC acquired a new position in Waste Management during the first quarter valued at approximately $45,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in Waste Management by 381.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock worth $47,000 after purchasing an additional 160 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

WM has been the topic of several recent analyst reports. CIBC decreased their price target on Waste Management from $235.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Weiss Ratings lowered Waste Management from a “buy (b)” rating to a “hold (c+)” rating in a research note on Friday. Cowen reissued a “buy” rating on shares of Waste Management in a research note on Wednesday, October 29th. Citigroup raised their price target on shares of Waste Management from $268.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Royal Bank Of Canada lowered their price objective on shares of Waste Management from $234.00 to $223.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 29th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $248.44.

Waste Management Stock Performance

NYSE:WM opened at $201.87 on Friday. The stock’s 50-day moving average is $214.88 and its 200-day moving average is $225.24. The stock has a market cap of $81.33 billion, a P/E ratio of 31.79, a price-to-earnings-growth ratio of 2.51 and a beta of 0.62. Waste Management, Inc. has a 1-year low of $194.11 and a 1-year high of $242.58. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.36.

Waste Management (NYSE:WM) last issued 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). The business had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.51 billion. Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.96 EPS. Waste Management has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, September 12th. Waste Management’s dividend payout ratio (DPR) 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.