Dynamic Technology Lab Private Ltd Purchases 2,446 Shares of Waste Management, Inc. $WM

Dynamic Technology Lab Private Ltd boosted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 151.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,060 shares of the business services provider’s stock after acquiring an additional 2,446 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Waste Management were worth $929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of WM. Valeo Financial Advisors LLC increased its holdings in shares of Waste Management by 15,782.4% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,728,486 shares of the business services provider’s stock valued at $395,512,000 after acquiring an additional 1,717,603 shares during the period. Nuveen LLC bought a new stake in Waste Management during the first quarter valued at about $333,089,000. Ameriprise Financial Inc. grew its stake in Waste Management by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock valued at $1,233,240,000 after purchasing an additional 1,239,996 shares during the last quarter. Sustainable Growth Advisers LP raised its holdings in Waste Management by 55.5% in the second quarter. Sustainable Growth Advisers LP now owns 2,897,636 shares of the business services provider’s stock worth $663,037,000 after purchasing an additional 1,034,258 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Waste Management by 26.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,343,267 shares of the business services provider’s stock valued at $774,000,000 after buying an additional 709,557 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling

In other Waste Management news, SVP Rafael Carrasco sold 1,380 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $217.06, for a total transaction of $299,542.80. Following the sale, the senior vice president directly owned 15,540 shares of the company’s stock, valued at approximately $3,373,112.40. This trade represents a 8.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Waste Management Trading Down 0.0%

Shares of NYSE:WM opened at $216.71 on Friday. 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 52-week low of $194.11 and a 52-week high of $242.58. The stock has a market cap of $87.31 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 2.51 and a beta of 0.62. The business has a 50-day moving average price of $212.34 and a 200-day moving average price of $223.75.

Waste Management (NYSE:WM) last issued its quarterly 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 business had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.51 billion. During the same quarter last year, the company posted $1.96 EPS. Waste Management’s quarterly revenue was up 14.9% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. Equities analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be given 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 yield of 1.5%. Waste Management’s payout ratio is currently 51.97%.

Wall Street Analyst Weigh In

WM has been the topic of a number of analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $262.00 price objective on shares of Waste Management in a research report on Wednesday, October 29th. National Bankshares cut their price target on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 7th. Robert W. Baird upgraded Waste Management from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $238.00 to $242.00 in a report on Tuesday, November 4th. Scotiabank dropped their target price on Waste Management from $264.00 to $254.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, October 29th. Finally, CIBC reduced their target price on Waste Management from $235.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, Waste Management presently has an average 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.