Lombard Odier Asset Management Europe Ltd Raises Position in Waste Management, Inc. $WM

Lombard Odier Asset Management Europe Ltd grew its holdings in Waste Management, Inc. (NYSE:WM) by 30.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 82,794 shares of the business services provider’s stock after buying an additional 19,324 shares during the quarter. Waste Management comprises about 1.0% of Lombard Odier Asset Management Europe Ltd’s investment portfolio, making the stock its 24th largest holding. Lombard Odier Asset Management Europe Ltd’s holdings in Waste Management were worth $19,025,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WM. Elevated Capital Advisors LLC purchased a new stake in Waste Management during the 4th quarter worth about $25,000. Financial Network Wealth Advisors LLC boosted its stake in shares of Waste Management by 55.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after buying an additional 47 shares during the period. RHL Group LLC acquired a new position in shares of Waste Management during the fourth quarter worth about $29,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Waste Management during the fourth quarter worth about $29,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Waste Management during the third quarter worth approximately $30,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Stock Performance

Shares of WM opened at $238.86 on Friday. The company’s 50 day simple moving average is $224.17 and its 200-day simple moving average is $227.08. The firm has a market cap of $95.92 billion, a PE ratio of 34.57, a price-to-earnings-growth ratio of 2.90 and a beta of 0.44. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The firm had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. Waste Management’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.67 EPS. As a group, equities analysts predict that Waste Management, Inc. will post 8.16 EPS for the current year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were given a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, June 5th. Waste Management’s dividend payout ratio (DPR) is presently 54.70%.

Waste Management News Summary

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Analysts expect WM to report higher revenue and earnings, supported by stronger collection and disposal pricing plus a sharp increase in renewable energy sales. WM Is Set to Report Q2 Earnings: Here’s What Investors Should Know
• Positive Sentiment: WM was highlighted as a stock that can benefit from inflation because its contracts allow it to pass rising costs through to customers, which supports margins and earnings resilience. 2 Stocks Built to Thrive If Inflation Refuses to Fade
• Positive Sentiment: The company was also cited as one of several waste firms using AI to improve efficiency and expand margins, reinforcing the long-term growth narrative. 3 Waste Stocks Turning AI Investments Into Growth
• Neutral Sentiment: Several articles published ahead of earnings focused on Wall Street estimates and key operating metrics, suggesting investors are mainly waiting for the actual Q2 report before making a bigger move. Curious about Waste Management (WM) Q2 Performance? Explore Wall Street Estimates for Key Metrics
• Neutral Sentiment: One broad S&P 500 article mentioned WM among companies worth investigating, but it did not provide a specific new catalyst for the stock. 1 S&P 500 Stock Worth Investigating and 2 Facing Challenges

Analyst Ratings Changes

WM has been the subject of a number of recent research reports. Oppenheimer decreased their price target on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a research note on Wednesday, July 8th. Royal Bank Of Canada raised their price objective on shares of Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Robert W. Baird lifted their price objective on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Citigroup increased their target price on Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, Wells Fargo & Company cut their price target on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $256.74.

About Waste Management

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.