Exchange Traded Concepts LLC Buys 4,458 Shares of Waste Management, Inc. $WM

Key Points

• Exchange Traded Concepts LLC increased its Waste Management stake by 38.8% in the second quarter, buying 4,458 additional shares for a total position of 15,943 shares valued at approximately $3.55 million.
• Waste Management reported quarterly EPS of $2.02, beating estimates, while revenue rose 4% year over year to $6.68 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $258.89.
• The company faces softer waste volumes and a reduced 2026 revenue outlook, leaving earnings growth dependent on pricing, margin expansion and cost controls. Shares trade at a relatively high valuation, with a P/E ratio near 32 and elevated debt levels.

Exchange Traded Concepts LLC lifted its position in Waste Management, Inc. (NYSE:WM - Free Report) by 38.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 15,943 shares of the business services provider's stock after purchasing an additional 4,458 shares during the period. Exchange Traded Concepts LLC's holdings in Waste Management were worth $3,553,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC purchased a new position in Waste Management during the 4th quarter valued at $25,000. RHL Group LLC purchased a new stake in shares of Waste Management in the 4th quarter worth about $29,000. Financial Network Wealth Advisors LLC boosted its stake in shares of Waste Management by 55.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider's stock valued at $29,000 after purchasing an additional 47 shares in the last quarter. Mcguire Capital Advisors Inc. purchased a new position in shares of Waste Management during the fourth quarter valued at about $29,000. Finally, JPL Wealth Management LLC bought a new position in Waste Management in the third quarter worth about $30,000. 80.40% of the stock is currently owned by institutional investors.

Waste Management News Summary

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

• Positive Sentiment: Improving margins, pricing gains and stronger free cash flow could help WM sustain earnings momentum despite softer waste volumes. The company’s technology-driven efficiency initiatives and benefits from the Stericycle acquisition are additional growth supports. WM's 2026 Outlook Tests Whether Margin Gains Can Offset Softer Volumes
• Positive Sentiment: Steady dividend payments and WM’s defensive, recurring-services business continue to appeal to investors seeking dependable cash returns. Recent quarterly results also showed EPS above consensus and year-over-year revenue growth. Here's Why Investors Must Hold WM Stock in Their Portfolios Now
• Neutral Sentiment: Parnassus Investments’ second-quarter letter noted that WM had lagged the broader market rally, raising the possibility that the stock could offer catch-up potential if operating improvements continue. Waste Management Fell Behind the Rally. Is It an Opportunity?
• Negative Sentiment: WM lowered its 2026 revenue outlook because of weaker volumes, increasing reliance on margin expansion, pricing and cost controls to protect earnings growth. WM's 2026 Outlook Tests Whether Margin Gains Can Offset Softer Volumes
• Negative Sentiment: Valuation remains demanding, with a price-to-earnings ratio near 32 and PEG ratio around 2.75. Debt is also high relative to equity, while sub-1.0 liquidity ratios could constrain financial flexibility if conditions weaken. Is WM Stock Worth Buying as Margins Rise but Valuation Stays Rich?

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WM shares. Barclays raised their target price on Waste Management from $270.00 to $277.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. Royal Bank Of Canada increased their price objective on Waste Management from $240.00 to $244.00 and gave the stock a "sector perform" rating in a report on Thursday, July 30th. TD Cowen raised their price objective on Waste Management from $270.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. UBS Group upped their target price on shares of Waste Management from $265.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Finally, Scotiabank increased their price target on shares of Waste Management from $250.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 16th. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $258.89.

Waste Management Stock Performance

Shares of WM stock opened at $224.73 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24. The company has a 50 day moving average price of $227.62 and a 200-day moving average price of $227.88. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13. The firm has a market capitalization of $89.83 billion, a PE ratio of 31.83, a P/E/G ratio of 2.75 and a beta of 0.44.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The firm had revenue of $6.68 billion for the quarter, compared to analysts' expectations of $6.71 billion. During the same period in the prior year, the firm earned $1.92 EPS. The company's revenue was up 4.0% compared to the same quarter last year. As a group, equities research analysts expect that Waste Management, Inc. will post 8.14 earnings per share for the current year.

Waste Management Profile

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.

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.

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