B. Metzler seel. Sohn & Co. AG Cuts Position in Waste Management, Inc. $WM

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stake in Waste Management, Inc. by 3.9% during Q1, ending with holdings worth approximately $30.49 million.
• Institutional investors hold about 80.40% of Waste Management's stock, indicating strong interest from major financial players, with firms like GAMMA Investing LLC significantly increasing their positions.
• Waste Management's latest quarterly earnings report showed an EPS of $1.92, surpassing analyst expectations and reflecting a 19.0% year-over-year revenue growth.

B. Metzler seel. Sohn & Co. AG trimmed its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 3.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,716 shares of the business services provider's stock after selling 5,352 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Waste Management were worth $30,494,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Guggenheim Capital LLC boosted its stake in shares of Waste Management by 2.7% in the 1st quarter. Guggenheim Capital LLC now owns 396,071 shares of the business services provider's stock valued at $91,694,000 after buying an additional 10,529 shares during the period. CreativeOne Wealth LLC boosted its stake in shares of Waste Management by 47.4% in the 1st quarter. CreativeOne Wealth LLC now owns 4,755 shares of the business services provider's stock valued at $1,101,000 after buying an additional 1,529 shares during the period. Ieq Capital LLC boosted its stake in shares of Waste Management by 6.1% in the 1st quarter. Ieq Capital LLC now owns 25,061 shares of the business services provider's stock valued at $5,802,000 after buying an additional 1,441 shares during the period. Redwood Investment Management LLC purchased a new position in shares of Waste Management in the 1st quarter valued at about $218,000. Finally, PKS Advisory Services LLC boosted its stake in shares of Waste Management by 9.9% in the 1st quarter. PKS Advisory Services LLC now owns 1,389 shares of the business services provider's stock valued at $322,000 after buying an additional 125 shares during the period. Hedge funds and other institutional investors own 80.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WM shares. Seaport Res Ptn upgraded Waste Management to a "hold" rating in a research note on Tuesday, May 6th. Oppenheimer boosted their target price on Waste Management from $260.00 to $265.00 and gave the stock an "outperform" rating in a research note 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. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $229.00 price target on shares of Waste Management in a report on Thursday, June 26th. Finally, UBS Group upped their price target on Waste Management from $260.00 to $265.00 and gave the company a "neutral" rating in a 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 issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $254.35.

Waste Management Stock Performance

NYSE WM traded up $2.11 on Friday, reaching $226.69. The stock had a trading volume of 1,527,535 shares, compared to its average volume of 1,633,960. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. Waste Management, Inc. has a 12-month low of $199.69 and a 12-month high of $242.58. The business's 50-day moving average price is $228.48 and its 200 day moving average price is $229.77. The stock has a market cap of $91.32 billion, a P/E ratio of 33.63, a price-to-earnings-growth ratio of 2.75 and a beta of 0.64.

Waste Management (NYSE:WM - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $6.37 billion. During the same quarter in the previous year, the business earned $1.82 earnings per share. The firm's revenue for the quarter was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders 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 yield of 1.5%. Waste Management's payout ratio is currently 48.96%.

About Waste Management

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.