Allspring Global Investments Holdings LLC Has $34.60 Million Stock Holdings in Waste Management, Inc. $WM

Key Points

• Allspring Global Investments increased its stake in Waste Management by 8.0% in Q1, buying 11,034 additional shares and bringing its holdings to 149,774 shares valued at about $34.6 million.
• Institutional ownership remains very high, with hedge funds and large investors holding 80.4% of WM shares. Several major firms, including Vanguard, State Street, and Geode Capital, also increased their positions.
• Analysts remain broadly positive on Waste Management: the stock carries a Moderate Buy consensus, WM beat quarterly EPS estimates in its latest report, and the company recently paid a $0.945 quarterly dividend yielding about 1.6% annually.

Allspring Global Investments Holdings LLC increased its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 8.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 149,774 shares of the business services provider's stock after purchasing an additional 11,034 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Waste Management were worth $34,598,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of WM. Vanguard Group Inc. lifted its stake in Waste Management by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider's stock valued at $8,566,508,000 after acquiring an additional 553,605 shares during the last quarter. State Street Corp grew its holdings in Waste Management by 1.6% during the fourth quarter. State Street Corp now owns 17,390,748 shares of the business services provider's stock worth $3,820,921,000 after purchasing an additional 281,456 shares during the period. Geode Capital Management LLC increased its position in Waste Management by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 8,993,006 shares of the business services provider's stock worth $1,972,371,000 after buying an additional 117,476 shares during the last quarter. Norges Bank acquired a new position in shares of Waste Management in the fourth quarter valued at $1,022,916,000. Finally, Northern Trust Corp grew its position in shares of Waste Management by 0.3% in the third quarter. Northern Trust Corp now owns 3,954,519 shares of the business services provider's stock valued at $873,276,000 after purchasing an additional 11,688 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WM has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price target on shares of Waste Management from $265.00 to $270.00 and gave the stock an "overweight" rating in a research report on Friday, April 10th. Weiss Ratings cut Waste Management from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, June 11th. Wells Fargo & Company dropped their price objective on shares of Waste Management from $273.00 to $268.00 and set an "overweight" rating for the company in a research note on Thursday, April 30th. TD Cowen raised their target price on shares of Waste Management from $270.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada upped their price target on shares of Waste Management from $235.00 to $240.00 and gave the stock a "sector perform" rating in a report on Thursday, April 30th. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $256.70.

Key Waste Management News

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

• Positive Sentiment: Scotiabank raised Waste Management’s price target to $260 from $250, suggesting continued upside potential despite maintaining a “sector perform” view.
• Positive Sentiment: Analyst commentary highlighted WM’s strong waste collection network, pricing power, and acquisition strategy as supports for growth and margins.
• Neutral Sentiment: Erste Group Bank trimmed its FY2026 EPS estimate to $8.16 from $8.17, a very small revision that matches the current consensus estimate.
• Neutral Sentiment: Erste Group also nudged FY2027 EPS down to $9.20 from $9.23, another modest cut that does not materially change the long-term earnings outlook.
• Negative Sentiment: Analyst notes pointed to WM’s high debt load and slower stock momentum as ongoing concerns that could weigh on investor sentiment.

Waste Management Price Performance

Shares of WM opened at $239.50 on Monday. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. The business has a 50-day moving average of $222.20 and a 200-day moving average of $226.53. The company has a market capitalization of $96.18 billion, a price-to-earnings ratio of 34.66, a price-to-earnings-growth ratio of 2.91 and a beta of 0.44.

Waste Management (NYSE:WM - Get Free Report) last announced its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.75 by $0.06. The business had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. Waste Management's quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.67 earnings per share. As a group, equities research analysts anticipate that Waste Management, Inc. will post 8.16 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were paid a dividend of $0.945 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 annualized dividend and a yield of 1.6%. Waste Management's dividend payout ratio is currently 54.70%.

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.

Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.