Waste Management, Inc. $WM Shares Acquired by Greenland Capital Management LP

Greenland Capital Management LP increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 136.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,267 shares of the business services provider’s stock after purchasing an additional 12,267 shares during the period. Greenland Capital Management LP’s holdings in Waste Management were worth $4,866,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Waste Management by 51.1% in the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after acquiring an additional 2,320 shares during the period. Sprott Inc. purchased a new position in Waste Management during the first quarter worth about $325,000. Jennison Associates LLC lifted its position in Waste Management by 4.5% in the first quarter. Jennison Associates LLC now owns 2,657 shares of the business services provider’s stock valued at $615,000 after purchasing an additional 114 shares during the period. Csenge Advisory Group increased its position in Waste Management by 5.1% during the 1st quarter. Csenge Advisory Group now owns 2,320 shares of the business services provider’s stock worth $536,000 after purchasing an additional 113 shares during the period. Finally, IFP Advisors Inc raised its stake in shares of Waste Management by 8.5% during the 1st quarter. IFP Advisors Inc now owns 10,349 shares of the business services provider’s stock worth $2,396,000 after buying an additional 807 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

Shares of WM stock opened at $211.29 on Wednesday. Waste Management, Inc. has a one year low of $194.11 and a one year high of $242.58. The company has a 50 day moving average price of $212.49 and a 200 day moving average price of $223.98. The firm has a market capitalization of $85.12 billion, a price-to-earnings ratio of 33.27, a price-to-earnings-growth ratio of 2.51 and a beta of 0.62. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.82 and a current ratio of 0.84.

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

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a dividend of $0.825 per share. The ex-dividend date is Friday, December 5th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.6%. Waste Management’s payout ratio is presently 51.97%.

Analysts Set New Price Targets

A number of analysts recently weighed in on WM shares. Royal Bank Of Canada decreased their price target on Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 29th. Wells Fargo & Company assumed coverage on Waste Management in a report on Friday, November 14th. They issued an “overweight” rating and a $238.00 target price for the company. Oppenheimer restated an “outperform” rating and set a $262.00 target price on shares of Waste Management in a research report on Wednesday, October 29th. Erste Group Bank lowered shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. Finally, Citigroup boosted their price target on Waste Management from $268.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.25.

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.