3Chopt Investment Partners LLC Has $378,000 Stock Holdings in Waste Management, Inc. $WM

3Chopt Investment Partners LLC increased its position in shares of Waste Management, Inc. (NYSE:WM) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,652 shares of the business services provider’s stock after buying an additional 84 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in Waste Management were worth $378,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Westend Capital Management LLC boosted its holdings in Waste Management by 126.9% during the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 66 shares in the last quarter. West Branch Capital LLC boosted its holdings in Waste Management by 69.0% during the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 49 shares in the last quarter. Saudi Central Bank acquired a new stake in Waste Management during the first quarter valued at approximately $37,000. GKV Capital Management Co. Inc. acquired a new stake in Waste Management during the first quarter valued at approximately $38,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Waste Management during the first quarter valued at approximately $45,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on WM shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Waste Management in a report on Wednesday. Erste Group Bank cut shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Stifel Nicolaus started coverage on shares of Waste Management in a research note on Tuesday, September 30th. They issued a “buy” rating and a $252.00 target price for the company. Scotiabank lifted their target price on shares of Waste Management from $265.00 to $275.00 and gave the company a “sector outperform” rating in a research note on Thursday, July 31st. Finally, Oppenheimer cut their target price on shares of Waste Management from $265.00 to $262.00 and set an “outperform” rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $254.32.

Waste Management Stock Performance

WM stock opened at $219.09 on Friday. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. The company has a 50 day moving average price of $223.04 and a 200 day moving average price of $227.98. Waste Management, Inc. has a fifty-two week low of $199.69 and a fifty-two week high of $242.58. The stock has a market capitalization of $88.26 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 2.68 and a beta of 0.64.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The firm had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.37 billion. During the same quarter in the previous year, the company posted $1.82 EPS. Waste Management’s revenue was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. Analysts forecast 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 was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $0.825 per share. The ex-dividend date was Friday, September 12th. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. Waste Management’s payout ratio is presently 48.96%.

Waste Management Company 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.