Advisors Preferred LLC Increases Stock Holdings in Waste Management, Inc. $WM

Advisors Preferred LLC raised its holdings in Waste Management, Inc. (NYSE:WM) by 106.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,009 shares of the business services provider’s stock after purchasing an additional 11,864 shares during the quarter. Waste Management accounts for about 0.9% of Advisors Preferred LLC’s holdings, making the stock its 28th biggest position. Advisors Preferred LLC’s holdings in Waste Management were worth $5,264,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC lifted its holdings in shares of Waste Management by 15,782.4% in the second quarter. Valeo Financial Advisors LLC now owns 1,728,486 shares of the business services provider’s stock valued at $395,512,000 after purchasing an additional 1,717,603 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Waste Management in the first quarter valued at $333,089,000. Ameriprise Financial Inc. lifted its position in shares of Waste Management by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider’s stock valued at $1,233,240,000 after acquiring an additional 1,239,996 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Waste Management by 26.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,343,267 shares of the business services provider’s stock valued at $774,000,000 after purchasing an additional 709,557 shares in the last quarter. Finally, Voya Investment Management LLC lifted its holdings in Waste Management by 738.2% in the 1st quarter. Voya Investment Management LLC now owns 759,217 shares of the business services provider’s stock valued at $175,766,000 after purchasing an additional 668,637 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

Shares of WM stock opened at $196.63 on Tuesday. The company’s fifty day simple moving average is $216.88 and its 200-day simple moving average is $226.02. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.36. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $242.58. The company has a market cap of $79.22 billion, a PE ratio of 30.97, a P/E/G ratio of 2.51 and a beta of 0.64.

Waste Management (NYSE:WM) last issued its earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). The company had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.51 billion. Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.96 EPS. Waste Management has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The business also recently declared 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 of this dividend was Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a yield of 1.7%. Waste Management’s dividend payout ratio (DPR) is currently 51.97%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Cowen reissued a “buy” rating on shares of Waste Management in a research note on Wednesday, October 29th. Royal Bank Of Canada reduced their price target on Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 29th. Truist Financial set a $260.00 target price on Waste Management in a research report on Wednesday, October 29th. Stifel Nicolaus cut their price objective on shares of Waste Management from $252.00 to $236.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Finally, BMO Capital Markets increased their price objective on shares of Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and a consensus price target of $248.61.

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.