Impax Asset Management Group plc Has $246.68 Million Stock Position in Waste Management, Inc. $WM

Impax Asset Management Group plc increased its holdings in Waste Management, Inc. (NYSE:WM) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,117,078 shares of the business services provider’s stock after acquiring an additional 4,557 shares during the period. Waste Management comprises 1.4% of Impax Asset Management Group plc’s investment portfolio, making the stock its 20th biggest holding. Impax Asset Management Group plc owned 0.28% of Waste Management worth $246,684,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. bought a new position in shares of Waste Management during the third quarter valued at about $1,583,000. Lockheed Martin Investment Management Co. purchased a new stake in Waste Management in the 3rd quarter valued at about $3,092,000. Guerra Advisors Inc lifted its position in shares of Waste Management by 59.5% during the 3rd quarter. Guerra Advisors Inc now owns 9,037 shares of the business services provider’s stock worth $1,996,000 after buying an additional 3,371 shares in the last quarter. Wealthfront Advisers LLC boosted its stake in shares of Waste Management by 3.1% in the 2nd quarter. Wealthfront Advisers LLC now owns 57,093 shares of the business services provider’s stock worth $13,064,000 after buying an additional 1,698 shares during the last quarter. Finally, GPM Growth Investors Inc. boosted its stake in shares of Waste Management by 50.6% in the 2nd quarter. GPM Growth Investors Inc. now owns 16,640 shares of the business services provider’s stock worth $3,808,000 after buying an additional 5,588 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Charles C. Boettcher sold 689 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $219.32, for a total value of $151,111.48. Following the sale, the executive vice president owned 56,159 shares in the company, valued at approximately $12,316,791.88. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO James C. Fish, Jr. sold 5,706 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $230.87, for a total value of $1,317,344.22. Following the completion of the transaction, the chief executive officer owned 220,087 shares in the company, valued at $50,811,485.69. This represents a 2.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 43,559 shares of company stock worth $9,959,299. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

WM has been the topic of a number of recent analyst reports. Royal Bank Of Canada lifted their price target on Waste Management from $223.00 to $235.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. The Goldman Sachs Group assumed coverage on Waste Management in a research note on Monday, November 24th. They set a “buy” rating and a $256.00 target price on the stock. Robert W. Baird raised shares of Waste Management from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $238.00 to $242.00 in a report on Tuesday, November 4th. Sanford C. Bernstein raised their price objective on shares of Waste Management from $255.00 to $260.00 and gave the stock an “outperform” rating in a report on Monday, January 5th. Finally, Stifel Nicolaus boosted their target price on Waste Management from $236.00 to $252.00 and gave the company a “buy” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and a consensus target price of $253.55.

Waste Management Stock Performance

NYSE:WM opened at $231.79 on Wednesday. The business’s fifty day moving average is $220.83 and its 200 day moving average is $219.15. The firm has a market cap of $93.38 billion, a price-to-earnings ratio of 34.60, a PEG ratio of 2.44 and a beta of 0.58. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.80 and a current ratio of 0.89. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $242.58.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, January 28th. The business services provider reported $1.93 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.02). Waste Management had a return on equity of 32.45% and a net margin of 10.74%.The company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter in the prior year, the business earned $1.70 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. Research analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, December 5th. Waste Management’s dividend payout ratio is 49.25%.

Key Headlines Impacting Waste Management

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Analysts remain broadly positive on WM, citing steady operations and durable cash flow that support the stock’s premium valuation; analyst sentiment likely helped buy-side interest today. Waste Management Stock: Analyst Estimates & Ratings
• Neutral Sentiment: Broader market/sector headlines (e.g., energy/midstream names) are active but not directly tied to WM’s fundamentals; these macro flows can move sentiment but aren’t a primary driver for Waste Management. Williams Companies Stock Climbs as Investors Focus on Gas Demand
• Negative Sentiment: CEO James C. Fish, Jr. disclosed multiple open-market sales this week totaling 36,753 shares (sales on Feb. 6, 9 and 10) for roughly $8.47M at ~ $230/share, reducing his stake materially in the largest single filing (an ~11.9% cut noted in one filing). Broader coverage also flags ~ $17M of insider selling at Waste Management, which can be interpreted by some investors as a cautionary signal. SEC filing: SEC Filing – Insider Sales — additional coverage: Waste Management Insiders Sell US$17m Of Stock

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.