Stanley Laman Group Ltd. Has $4.69 Million Stock Holdings in Waste Management, Inc. $WM

Key Points

• Stanley Laman Group Ltd. reduced its stake in Waste Management, Inc. by 6.9%, holding 20,474 shares valued at approximately $4.69 million after selling 1,525 shares during the second quarter.
• Institutional investors now own 80.40% of Waste Management's stock, revealing significant confidence in the company's performance.
• Recent analyst reports have resulted in varied price targets for Waste Management, with UBS lowering its target from $265.00 to $240.00, while Scotiabank increased it from $265.00 to $275.00.

Stanley Laman Group Ltd. reduced its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 6.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,474 shares of the business services provider's stock after selling 1,525 shares during the quarter. Stanley Laman Group Ltd.'s holdings in Waste Management were worth $4,685,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. McAdam LLC lifted its position in shares of Waste Management by 3.1% in the 1st quarter. McAdam LLC now owns 1,482 shares of the business services provider's stock worth $343,000 after purchasing an additional 44 shares during the period. Stonebridge Financial Group LLC raised its stake in Waste Management by 3.0% during the first quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider's stock worth $355,000 after buying an additional 45 shares during the last quarter. Formidable Asset Management LLC lifted its holdings in Waste Management by 2.0% in the first quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider's stock valued at $536,000 after buying an additional 45 shares during the period. Harbour Trust & Investment Management Co grew its holdings in Waste Management by 1.1% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider's stock worth $943,000 after acquiring an additional 45 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in Waste Management by 3.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,509 shares of the business services provider's stock worth $349,000 after acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 80.40% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on WM shares. UBS Group dropped their price objective on Waste Management from $265.00 to $240.00 and set a "neutral" rating on the stock in a research note on Thursday. Oppenheimer lowered their target price on Waste Management from $265.00 to $262.00 and set an "outperform" rating for the company in a report on Wednesday, October 8th. William Blair restated an "outperform" rating on shares of Waste Management in a report on Tuesday, July 29th. Stifel Nicolaus initiated coverage on shares of Waste Management in a research note on Tuesday, September 30th. They issued a "buy" rating and a $252.00 price objective for the company. Finally, Scotiabank boosted their target price on shares of Waste Management from $265.00 to $275.00 and gave the company a "sector outperform" rating in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $253.00.

Waste Management Trading Up 1.1%

NYSE WM opened at $215.59 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. Waste Management, Inc. has a 52 week low of $199.69 and a 52 week high of $242.58. The business has a 50 day moving average price of $221.39 and a 200-day moving average price of $227.47. The company has a market cap of $86.85 billion, a price-to-earnings ratio of 31.99, a P/E/G ratio of 2.62 and a beta of 0.64.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.03. The business had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.37 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. Waste Management's revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.82 EPS. 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 fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, September 12th. 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.

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