Ardsley Advisory Partners LP Invests $926,000 in Waste Management, Inc. $WM

Key Points

• Ardsley Advisory Partners LP has made a new investment in Waste Management, Inc., acquiring 4,000 shares valued at approximately $926,000 during the first quarter.
• The company reported a 19% year-over-year increase in quarterly revenue, totaling $6.43 billion, with earnings per share of $1.92 that exceeded analysts' expectations.
• Waste Management has announced a quarterly dividend of $0.825 per share, reflecting a 1.5% yield and a payout ratio of approximately 48.96%.

Ardsley Advisory Partners LP purchased a new stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,000 shares of the business services provider's stock, valued at approximately $926,000.

A number of other institutional investors have also recently added to or reduced their stakes in WM. Brighton Jones LLC boosted its position in shares of Waste Management by 51.1% in the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider's stock worth $1,384,000 after buying an additional 2,320 shares during the period. Bank Pictet & Cie Europe AG boosted its position in shares of Waste Management by 14.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 124,848 shares of the business services provider's stock worth $25,193,000 after buying an additional 15,974 shares during the period. Aptus Capital Advisors LLC boosted its position in shares of Waste Management by 23.1% in the fourth quarter. Aptus Capital Advisors LLC now owns 11,592 shares of the business services provider's stock worth $2,339,000 after buying an additional 2,176 shares during the period. Benjamin Edwards Inc. boosted its position in shares of Waste Management by 2.0% in the fourth quarter. Benjamin Edwards Inc. now owns 33,025 shares of the business services provider's stock worth $6,673,000 after buying an additional 645 shares during the period. Finally, Bayesian Capital Management LP purchased a new stake in shares of Waste Management in the fourth quarter worth about $1,110,000. Hedge funds and other institutional investors own 80.40% of the company's stock.

Waste Management Stock Down 2.2%

NYSE WM traded down $4.87 during trading on Friday, hitting $220.08. 2,110,690 shares of the company traded hands, compared to its average volume of 1,680,656. Waste Management, Inc. has a 12 month low of $199.69 and a 12 month high of $242.58. The business has a fifty day simple moving average of $227.85 and a 200 day simple moving average of $229.65. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. The company has a market capitalization of $88.65 billion, a P/E ratio of 32.65, a PEG ratio of 2.76 and a beta of 0.64.

Waste Management (NYSE:WM - Get Free Report) last posted its earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.03. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The company had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same period last year, the company earned $1.82 earnings per share. The business's revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently commented on the company. Oppenheimer increased their price target on Waste Management from $260.00 to $265.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Melius Research raised Waste Management to a "strong-buy" rating and set a $263.00 price target for the company in a report on Monday, June 9th. CIBC increased their price target on Waste Management from $244.00 to $250.00 and gave the company a "neutral" rating in a report on Thursday, June 26th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $229.00 price target on shares of Waste Management in a report on Thursday, June 26th. Finally, JPMorgan Chase & Co. raised Waste Management from a "neutral" rating to an "overweight" rating and increased their price target for the company from $225.00 to $277.00 in a report on Friday, May 23rd. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $254.35.

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.