Prescott Group Capital Management L.L.C. Acquires 567 Shares of Waste Management, Inc. $WM

Prescott Group Capital Management L.L.C. lifted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 24.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,842 shares of the business services provider’s stock after purchasing an additional 567 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Waste Management were worth $650,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its stake in shares of Waste Management by 64.3% in the 2nd quarter. Acadian Asset Management LLC now owns 612,562 shares of the business services provider’s stock valued at $140,153,000 after acquiring an additional 239,754 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Waste Management by 7.3% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 727,644 shares of the business services provider’s stock valued at $166,500,000 after purchasing an additional 49,473 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Waste Management by 22.8% during the second quarter. Parkside Financial Bank & Trust now owns 2,834 shares of the business services provider’s stock valued at $648,000 after purchasing an additional 526 shares during the period. Aviva PLC grew its stake in shares of Waste Management by 2.6% in the 2nd quarter. Aviva PLC now owns 629,156 shares of the business services provider’s stock valued at $143,963,000 after buying an additional 15,847 shares during the period. Finally, Prospera Financial Services Inc increased its position in Waste Management by 70.7% in the 2nd quarter. Prospera Financial Services Inc now owns 18,423 shares of the business services provider’s stock valued at $4,218,000 after buying an additional 7,633 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Stock Performance

WM stock opened at $201.87 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. The firm has a market cap of $81.33 billion, a PE ratio of 31.79, a P/E/G ratio of 2.51 and a beta of 0.62. The business has a 50 day moving average of $214.88 and a 200-day moving average of $225.24. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $242.58.

Waste Management (NYSE:WM) last posted its quarterly earnings data 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 analysts’ expectations of $6.51 billion. During the same period in the prior year, the firm posted $1.96 EPS. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors 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 yield of 1.6%. Waste Management’s dividend payout ratio is presently 51.97%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Robert W. Baird upgraded Waste Management from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $238.00 to $242.00 in a report on Tuesday, November 4th. Baird R W upgraded Waste Management from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Oppenheimer restated an “outperform” rating and set a $262.00 price target on shares of Waste Management in a research note on Wednesday, October 29th. Scotiabank reduced their price objective on shares of Waste Management from $264.00 to $254.00 and set a “sector outperform” rating for the company in a report on Wednesday, October 29th. Finally, Truist Financial set a $260.00 target price on shares of Waste Management in a report on Wednesday, October 29th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $248.44.

About Waste Management

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.