Ninety One UK Ltd Has $81.41 Million Stock Position in Waste Management, Inc. $WM

Ninety One UK Ltd reduced its holdings in shares of Waste Management, Inc. (NYSE:WM) by 39.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 355,779 shares of the business services provider’s stock after selling 232,084 shares during the period. Ninety One UK Ltd’s holdings in Waste Management were worth $81,409,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Westend Capital Management LLC boosted its stake in shares of Waste Management by 126.9% in the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 66 shares in the last quarter. West Branch Capital LLC boosted its position in Waste Management by 69.0% in the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock valued at $28,000 after buying an additional 49 shares in the last quarter. Saudi Central Bank bought a new stake in shares of Waste Management during the first quarter worth $37,000. GKV Capital Management Co. Inc. bought a new position in shares of Waste Management in the 1st quarter valued at $38,000. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Waste Management during the 1st quarter valued at $45,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Trading Up 0.6%

NYSE WM opened at $220.85 on Wednesday. The stock has a market capitalization of $88.97 billion, a P/E ratio of 32.77, a P/E/G ratio of 2.68 and a beta of 0.64. The business has a 50 day simple moving average of $224.93 and a 200 day simple moving average of $228.43. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. Waste Management, Inc. has a one year low of $199.69 and a one year high of $242.58.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.03. The firm had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. Research 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. Shareholders of record on Friday, September 12th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s payout ratio is 48.96%.

Wall Street Analysts Forecast Growth

Several research firms have commented on WM. UBS Group increased their target price on Waste Management from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. CIBC lifted their target price on shares of Waste Management from $244.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, June 26th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $229.00 price target on shares of Waste Management in a research note on Thursday, June 26th. Oppenheimer increased their price objective on Waste Management from $260.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Finally, BMO Capital Markets lifted their target price on Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $255.17.

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.