RB Capital Management LLC Has $3.84 Million Stock Holdings in Waste Management, Inc. $WM

RB Capital Management LLC increased its holdings in Waste Management, Inc. (NYSE:WM) by 0.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,761 shares of the business services provider’s stock after purchasing an additional 140 shares during the period. Waste Management makes up 0.9% of RB Capital Management LLC’s portfolio, making the stock its 28th biggest position. RB Capital Management LLC’s holdings in Waste Management were worth $3,835,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Ascent Group LLC grew its stake in Waste Management by 0.6% during the fourth quarter. Ascent Group LLC now owns 7,534 shares of the business services provider’s stock worth $1,520,000 after buying an additional 44 shares during the last quarter. Insight Wealth Strategies LLC grew its stake in shares of Waste Management by 0.4% during the first quarter. Insight Wealth Strategies LLC now owns 11,655 shares of the business services provider’s stock valued at $2,698,000 after purchasing an additional 44 shares during the last quarter. McAdam LLC grew its stake in shares of Waste Management by 3.1% during the first quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock valued at $343,000 after purchasing an additional 44 shares during the last quarter. Stonebridge Financial Group LLC grew its stake in shares of Waste Management by 3.0% during the first quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider’s stock valued at $355,000 after purchasing an additional 45 shares during the last quarter. Finally, Formidable Asset Management LLC lifted its holdings in Waste Management by 2.0% in the first quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider’s stock valued at $536,000 after buying an additional 45 shares during the period. 80.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WM. William Blair restated an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Raymond James Financial increased their price objective on shares of Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Melius Research upgraded shares of Waste Management to a “strong-buy” rating and set a $263.00 target price on the stock in a report on Monday, June 9th. Royal Bank Of Canada restated a “sector perform” rating and set a $229.00 price objective on shares of Waste Management in a report on Thursday, June 26th. Finally, Erste Group Bank downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and an average price target of $254.35.

Waste Management Stock Performance

Shares of WM opened at $218.22 on Friday. The company has a market cap of $87.91 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 2.71 and a beta of 0.64. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. The firm has a 50-day moving average of $227.06 and a 200-day moving average of $229.30. Waste Management, Inc. has a one year low of $199.69 and a one year high of $242.58.

Waste Management (NYSE:WM) last announced its earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.89 by $0.03. The business had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.37 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. Waste Management’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. Waste Management’s payout ratio is presently 48.96%.

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.