MQS Management LLC Invests $205,000 in Waste Management, Inc. $WM

MQS Management LLC acquired a new position in Waste Management, Inc. (NYSE:WM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 897 shares of the business services provider’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Saudi Central Bank bought a new stake in Waste Management in the 1st quarter valued at about $37,000. GKV Capital Management Co. Inc. bought a new stake in Waste Management in the 1st quarter valued at about $38,000. New Age Alpha Advisors LLC bought a new stake in Waste Management in the 1st quarter valued at about $45,000. Clal Insurance Enterprises Holdings Ltd increased its position in Waste Management by 381.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock valued at $47,000 after buying an additional 160 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC bought a new stake in Waste Management in the 1st quarter valued at about $48,000. 80.40% of the stock is owned by institutional investors.

Waste Management Price Performance

Shares of NYSE WM opened at $204.06 on Wednesday. Waste Management, Inc. has a twelve month low of $197.25 and a twelve month high of $242.58. The stock’s 50 day moving average price is $219.19 and its 200-day moving average price is $226.95. The company has a market capitalization of $82.20 billion, a PE ratio of 32.14, a PEG ratio of 2.63 and a beta of 0.64. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51.

Waste Management (NYSE:WM) last announced its earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). Waste Management had a return on equity of 33.77% and a net margin of 10.35%.The business had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.51 billion. During the same quarter in the previous year, the firm earned $1.96 EPS. Waste Management’s quarterly revenue was up 14.9% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a $0.825 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.30 annualized dividend and a yield of 1.6%. Waste Management’s dividend payout ratio is presently 48.96%.

Wall Street Analysts Forecast Growth

WM has been the subject of a number of research analyst reports. Oppenheimer decreased their target price on Waste Management from $265.00 to $262.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. UBS Group decreased their price objective on Waste Management from $265.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday, October 16th. Erste Group Bank lowered Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. William Blair reissued an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Finally, Scotiabank boosted their price objective on Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and a consensus target price of $253.00.

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.