Quantitative Investment Management LLC Invests $3.07 Million in Waste Management, Inc. $WM

Key Points

• Quantitative Investment Management LLC acquired 13,243 shares of Waste Management, Inc. (NYSE: WM), valued at approximately $3,065,000, according to a recent SEC filing.
• Waste Management reported a 19% year-over-year revenue increase in its latest earnings report, with a net margin of 11.36% and EPS of $1.92, beating analysts' expectations by $0.03.
• The company recently declared a quarterly dividend of $0.825 per share, representing a 1.5% yield with a payout ratio of 48.96%.

Quantitative Investment Management LLC purchased a new stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,243 shares of the business services provider's stock, valued at approximately $3,065,000.

A number of other institutional investors have also added to or reduced their stakes in WM. T. Rowe Price Investment Management Inc. grew its stake in Waste Management by 1.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,866 shares of the business services provider's stock valued at $781,000 after purchasing an additional 44 shares during the last quarter. Ascent Group LLC raised its stake in shares of Waste Management by 0.6% in the fourth quarter. Ascent Group LLC now owns 7,534 shares of the business services provider's stock worth $1,520,000 after purchasing an additional 44 shares during the last quarter. Insight Wealth Strategies LLC lifted its holdings 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 worth $2,698,000 after purchasing an additional 44 shares during the period. Stonebridge Financial Group LLC boosted its position in Waste Management by 3.0% in the first quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider's stock valued at $355,000 after buying an additional 45 shares during the last quarter. Finally, Formidable Asset Management LLC raised its position in Waste Management by 2.0% during the 1st quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider's stock worth $536,000 after buying an additional 45 shares during the last quarter. Institutional investors own 80.40% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on WM shares. Wall Street Zen raised shares of Waste Management from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $229.00 price objective on shares of Waste Management in a research note on Thursday, June 26th. JPMorgan Chase & Co. upgraded Waste Management from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $225.00 to $277.00 in a research note on Friday, May 23rd. National Bank Financial upgraded Waste Management to a "hold" rating in a research report on Monday, May 26th. Finally, UBS Group upped their price objective on Waste Management from $260.00 to $265.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $254.35.

Waste Management Price Performance

Shares of WM stock traded up $1.32 on Tuesday, reaching $225.36. 1,466,840 shares of the company were exchanged, compared to its average volume of 1,838,790. Waste Management, Inc. has a 1 year low of $199.69 and a 1 year high of $242.58. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. The business has a 50-day moving average price of $228.90 and a 200 day moving average price of $229.81. The company has a market cap of $90.78 billion, a price-to-earnings ratio of 33.44, a P/E/G ratio of 2.75 and a beta of 0.64.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.03. The company 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%.Waste Management's revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. Equities research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a $0.825 dividend. The ex-dividend date is Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management's dividend payout ratio is currently 48.96%.

Waste Management 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.