ABN Amro Investment Solutions decreased its position in Waste Management, Inc. (NYSE:WM – Free Report) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 399,323 shares of the business services provider’s stock after selling 21,888 shares during the period. Waste Management accounts for 1.3% of ABN Amro Investment Solutions’ portfolio, making the stock its 12th largest position. ABN Amro Investment Solutions’ holdings in Waste Management were worth $87,735,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Waste Management by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider’s stock valued at $8,566,508,000 after acquiring an additional 553,605 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Waste Management by 5.1% in the third quarter. Ameriprise Financial Inc. now owns 5,668,221 shares of the business services provider’s stock valued at $1,250,613,000 after acquiring an additional 277,250 shares during the last quarter. Northern Trust Corp boosted its holdings in Waste Management by 0.3% in the third quarter. Northern Trust Corp now owns 3,954,519 shares of the business services provider’s stock valued at $873,276,000 after acquiring an additional 11,688 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Waste Management by 7.2% during the fourth quarter. Nordea Investment Management AB now owns 3,530,900 shares of the business services provider’s stock worth $781,494,000 after buying an additional 236,439 shares during the last quarter. Finally, Sustainable Growth Advisers LP boosted its holdings in Waste Management by 12.6% during the third quarter. Sustainable Growth Advisers LP now owns 3,262,148 shares of the business services provider’s stock worth $720,380,000 after buying an additional 364,512 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Scotiabank restated a “sector perform” rating and set a $250.00 target price (down from $254.00) on shares of Waste Management in a report on Wednesday, January 21st. Weiss Ratings upgraded Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Barclays raised their target price on Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Robert W. Baird raised their target price on Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Finally, Oppenheimer raised their target price on Waste Management from $263.00 to $264.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $255.67.
Waste Management Stock Down 1.3%
Shares of Waste Management stock opened at $219.37 on Thursday. The business’s 50 day simple moving average is $227.72 and its 200 day simple moving average is $223.42. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The firm has a market cap of $88.10 billion, a PE ratio of 31.75, a P/E/G ratio of 2.32 and a beta of 0.49. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93.
Waste Management (NYSE:WM – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.06. The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.67 EPS. On average, analysts predict that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.
Waste Management Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, June 5th. Waste Management’s payout ratio is currently 54.70%.
Insiders Place Their Bets
In other news, COO John J. Morris sold 7,979 shares of Waste Management stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $245.07, for a total transaction of $1,955,413.53. Following the completion of the transaction, the chief operating officer directly owned 98,656 shares in the company, valued at approximately $24,177,625.92. The trade was a 7.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Michael J. Watson sold 17,251 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $241.81, for a total value of $4,171,464.31. Following the completion of the sale, the vice president owned 44,146 shares of the company’s stock, valued at $10,674,944.26. This trade represents a 28.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 35,296 shares of company stock valued at $8,569,283. 0.18% of the stock is owned by insiders.
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.
Featured Stories
- Five stocks we like better than Waste Management
- From Zepbound to Foundayo: Lilly’s Latest Results Support Oral GLP-1 Outlook
- AI Consolidation Begins: Blackstone & Google Forge an AI Empire
- USA Rare Earth Posts Strong Q1 2026 as Massive Serra Vera Deal Looms
- 3 Space Infrastructure Stocks Gaining Momentum Ahead of the SpaceX IPO
Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WM – Free Report).
Receive News & Ratings for Waste Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management and related companies with MarketBeat.com's FREE daily email newsletter.
