Waste Management, Inc. $WM is Geo Capital Gestora de Recursos Ltd's 9th Largest Position

Key Points

• Geo Capital Gestora de Recursos Ltd has reduced its stake in Waste Management, Inc. by 8.2%, holding 13,505 shares valued at approximately $3.13 million.
• Analysts have upgraded Waste Management's stock ratings, with Citigroup raising the price target from $260 to $271 and a consensus average rating of "Moderate Buy."
• Waste Management reported Q2 earnings of $1.92 EPS, exceeding estimates, with a revenue increase of 19.0% year-over-year, amounting to $6.43 billion.

Geo Capital Gestora de Recursos Ltd reduced its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 8.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,505 shares of the business services provider's stock after selling 1,213 shares during the period. Waste Management accounts for 4.3% of Geo Capital Gestora de Recursos Ltd's holdings, making the stock its 9th biggest holding. Geo Capital Gestora de Recursos Ltd's holdings in Waste Management were worth $3,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Westend Capital Management LLC grew its stake in Waste Management by 126.9% in the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider's stock worth $27,000 after acquiring an additional 66 shares in the last quarter. Transce3nd LLC bought a new position in Waste Management in the 4th quarter worth about $28,000. West Branch Capital LLC boosted its stake in shares of Waste Management by 69.0% during the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider's stock valued at $28,000 after purchasing an additional 49 shares in the last quarter. GKV Capital Management Co. Inc. bought a new position in shares of Waste Management during the first quarter valued at approximately $38,000. Finally, Adalta Capital Management LLC bought a new position in shares of Waste Management during the fourth quarter valued at approximately $40,000. 80.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on WM. JPMorgan Chase & Co. upgraded shares of Waste Management from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $225.00 to $277.00 in a research note on Friday, May 23rd. Raymond James Financial increased their price objective on shares of Waste Management from $255.00 to $256.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. 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. National Bank Financial upgraded shares of Waste Management to a "hold" rating in a research note on Monday, May 26th. Finally, Wall Street Zen upgraded shares of Waste Management from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. Two 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 MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $254.35.

Insiders Place Their Bets

In other Waste Management news, SVP Rafael Carrasco sold 674 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $236.81, for a total value of $159,609.94. Following the completion of the transaction, the senior vice president owned 16,542 shares of the company's stock, valued at approximately $3,917,311.02. This trade represents a 3.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Devina A. Rankin sold 57,888 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $237.36, for a total transaction of $13,740,295.68. Following the completion of the transaction, the chief financial officer directly owned 83,934 shares of the company's stock, valued at approximately $19,922,574.24. This represents a 40.82% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

Waste Management Stock Down 1.2%

NYSE:WM traded down $2.6670 during midday trading on Friday, reaching $226.9430. 1,331,593 shares of the stock traded hands, compared to its average volume of 1,859,571. Waste Management, Inc. has a 12-month low of $199.69 and a 12-month high of $242.58. The business has a 50-day moving average of $229.28 and a two-hundred day moving average of $229.77. 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 stock has a market capitalization of $91.42 billion, a PE ratio of 33.67, a price-to-earnings-growth ratio of 2.82 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 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. 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 prior year, the company posted $1.82 earnings per share. Waste Management's revenue for the quarter was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

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

Waste Management Company 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.