Robertson Stephens Wealth Management LLC Grows Position in Waste Management, Inc. $WM

Key Points

• Robertson Stephens Wealth Management LLC boosted its stake by 99% in Waste Management to 17,656 shares (about $3.88M) in Q4, and institutional investors now own roughly 80.40% of the company.
• Waste Management beat Q1 EPS expectations ($1.81 vs. $1.75) but missed revenue ($6.23B vs. $6.28B) and raised its quarterly dividend to $0.945 ($3.78 annualized, ~1.7% yield).
• Several analysts lifted price targets (TD Cowen $275, Barclays/JPM ~ $270, Baird $260), contributing to a MarketBeat consensus of "Moderate Buy" with a $255.67 target; the stock trades near $229 with a market cap of about $92.2B and a P/E of ~33.

Robertson Stephens Wealth Management LLC boosted its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 99.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,656 shares of the business services provider's stock after acquiring an additional 8,785 shares during the quarter. Robertson Stephens Wealth Management LLC's holdings in Waste Management were worth $3,879,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings 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 purchasing an additional 553,605 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Waste Management by 5.1% in the third quarter. Ameriprise Financial Inc. now owns 5,668,221 shares of the business services provider's stock valued at $1,250,613,000 after purchasing an additional 277,250 shares during the last quarter. Northern Trust Corp grew its holdings in 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. Nordea Investment Management AB grew its holdings in Waste Management by 7.2% in the fourth quarter. Nordea Investment Management AB now owns 3,530,900 shares of the business services provider's stock valued at $781,494,000 after purchasing an additional 236,439 shares during the last quarter. Finally, Sustainable Growth Advisers LP grew its holdings in Waste Management by 12.6% in the third quarter. Sustainable Growth Advisers LP now owns 3,262,148 shares of the business services provider's stock valued at $720,380,000 after purchasing an additional 364,512 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.

More Waste Management News

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

• Positive Sentiment: Analyst boosts from high-conviction firms — TD Cowen raised its price target to $275 and keeps a buy rating, and Barclays lifted its target to $270 with an overweight rating. Those upgrades signal analyst confidence and imply double‑digit upside from current levels. TD Cowen raise Barclays raise
• Positive Sentiment: Zacks highlights WM as a strong growth stock based on style scores and fundamentals — a positive signal for growth-oriented investors and fund flows. Zacks article
• Neutral Sentiment: Modest price target increase from RBC to $240 with a "sector perform" rating — supportive but conservative, reflecting limited near-term conviction (small upside). RBC note
• Neutral Sentiment: Market research on multi-layer film recycling forecasts strong long‑term growth (9.2% CAGR to 2035), which supports waste/recycling industry tailwinds but is unlikely to move WM stock immediately. Market report
• Neutral Sentiment: Benzinga summary: analysts revised forecasts after WM’s Q1 (EPS beat, revenue miss). The mixed nature of results leaves room for differing analyst actions and contributes to intra-day volatility. Analyst revisions
• Negative Sentiment: Wells Fargo trimmed its price target from $273 to $268 (still overweight) — a downward tweak that reduces near-term upside expectations. Wells Fargo trim
• Negative Sentiment: Peer strength: Waste Connections (WCN) reported beat-and-raise style results and noted liquidity considerations, highlighting competitive momentum in the sector that could put pressure on WM’s market-share narrative. Investors may reallocate toward peers showing stronger near-term top-line momentum. WCN article

Analyst Ratings Changes

Several research firms have weighed in on WM. Robert W. Baird upped their target price on Waste Management from $248.00 to $260.00 and gave the company an "outperform" rating in a report on Thursday, April 16th. Royal Bank Of Canada increased their price objective on Waste Management from $235.00 to $240.00 and gave the company a "sector perform" rating in a research note on Thursday. JPMorgan Chase & Co. increased their price objective on Waste Management from $265.00 to $270.00 and gave the company an "overweight" rating in a research note on Friday, April 10th. Wells Fargo & Company decreased their price objective on Waste Management from $273.00 to $268.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Barclays increased their price objective on Waste Management from $266.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Waste Management presently has a consensus rating of "Moderate Buy" and a consensus price target of $255.67.

Waste Management Stock Down 1.6%

Shares of NYSE:WM opened at $228.81 on Friday. The stock's 50-day moving average price is $232.31 and its two-hundred day moving average price is $222.71. The company has a current ratio of 0.93, a quick ratio of 0.85 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The firm has a market cap of $92.19 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 2.37 and a beta of 0.49.

Waste Management (NYSE:WM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.75 by $0.06. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the company earned $1.67 EPS. The firm's quarterly revenue was up 3.5% on a year-over-year basis. On average, research analysts forecast that Waste Management, Inc. will post 8.18 EPS for the current year.

Waste Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were paid a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from Waste Management's previous quarterly dividend of $0.83. Waste Management's dividend payout ratio is 54.70%.

Insider Transactions at Waste Management

In other news, VP Donald J. Smith sold 12,194 shares of the firm's stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $233.48, for a total value of $2,847,055.12. Following the transaction, the vice president directly owned 6,024 shares in the company, valued at $1,406,483.52. This trade represents a 66.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Michael J. Watson sold 17,251 shares of the firm's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $241.81, for a total value of $4,171,464.31. Following the completion of the transaction, the vice president owned 44,146 shares in the company, valued at approximately $10,674,944.26. This trade represents a 28.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 92,616 shares of company stock worth $21,849,115 in the last quarter. 0.18% of the stock is currently owned by corporate insiders.

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.

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