ASR Vermogensbeheer N.V. Has $9.52 Million Stock Holdings in Waste Management, Inc. $WM

ASR Vermogensbeheer N.V. grew its position in Waste Management, Inc. (NYSE:WM) by 29.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 41,610 shares of the business services provider’s stock after acquiring an additional 9,524 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Waste Management were worth $9,521,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in WM. Brighton Jones LLC raised its position in shares of Waste Management by 51.1% during the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after purchasing an additional 2,320 shares during the period. Merit Financial Group LLC increased its stake in Waste Management by 17.3% during the 1st quarter. Merit Financial Group LLC now owns 10,293 shares of the business services provider’s stock worth $2,383,000 after purchasing an additional 1,519 shares in the last quarter. RFG Advisory LLC lifted its stake in Waste Management by 113.6% in the first quarter. RFG Advisory LLC now owns 6,429 shares of the business services provider’s stock valued at $1,488,000 after buying an additional 3,419 shares in the last quarter. Apella Capital LLC boosted its holdings in shares of Waste Management by 1.9% in the first quarter. Apella Capital LLC now owns 2,881 shares of the business services provider’s stock valued at $647,000 after buying an additional 55 shares during the period. Finally, Portside Wealth Group LLC increased its position in shares of Waste Management by 39.9% during the first quarter. Portside Wealth Group LLC now owns 3,283 shares of the business services provider’s stock worth $760,000 after acquiring an additional 937 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

NYSE WM opened at $216.77 on Friday. The firm’s fifty day moving average price is $224.49 and its two-hundred day moving average price is $228.30. Waste Management, Inc. has a 1 year low of $199.69 and a 1 year high of $242.58. The firm has a market capitalization of $87.32 billion, a P/E ratio of 32.16, a price-to-earnings-growth ratio of 2.69 and a beta of 0.64. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51.

Waste Management (NYSE:WM) last released 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 company had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same period in the previous year, the business earned $1.82 EPS. Waste Management’s revenue for the quarter was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. As a group, research analysts anticipate 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. Stockholders of record on Friday, September 12th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, September 12th. Waste Management’s payout ratio is currently 48.96%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Waste Management in a research note on Tuesday. They issued a “buy” rating and a $252.00 target price for the company. Scotiabank increased 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. Melius Research upgraded Waste Management to a “strong-buy” rating and set a $263.00 target price on the stock in a research note on Monday, June 9th. Erste Group Bank cut shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $229.00 target price on shares of Waste Management in a report on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $255.17.

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.