Teza Capital Management LLC Sells 3,416 Shares of Waste Management, Inc. $WM

Key Points

• Teza Capital Management LLC reduced its holdings in Waste Management, Inc. by 43.6% during the first quarter, selling 3,416 shares to own a total of 4,411 shares valued at approximately $1,021,000.
• Waste Management reported a 19.0% year-over-year revenue increase for the quarter, totaling $6.43 billion, and beat EPS estimates with a result of $1.92.
• The company announced a quarterly dividend of $0.825 per share, with a dividend yield of 1.5%, payable on September 26th to investors of record on September 12th.

Teza Capital Management LLC decreased its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 43.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,411 shares of the business services provider's stock after selling 3,416 shares during the quarter. Teza Capital Management LLC's holdings in Waste Management were worth $1,021,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WM. GAMMA Investing LLC grew its position in Waste Management by 26,095.2% during the first quarter. GAMMA Investing LLC now owns 1,909,370 shares of the business services provider's stock worth $442,038,000 after buying an additional 1,902,081 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Waste Management during the 1st quarter worth $333,089,000. Ameriprise Financial Inc. increased its position in shares of Waste Management by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider's stock worth $1,233,240,000 after purchasing an additional 1,239,996 shares during the period. Leigh Baldwin & CO. LLC bought a new position in shares of Waste Management in the fourth quarter worth $205,506,000. Finally, T. Rowe Price Investment Management Inc. raised its stake in Waste Management by 16,999.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 661,060 shares of the business services provider's stock valued at $153,043,000 after purchasing an additional 657,194 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.

Waste Management Price Performance

WM stock traded down $1.49 during midday trading on Wednesday, reaching $217.67. 1,183,396 shares of the stock were exchanged, compared to its average volume of 1,715,270. Waste Management, Inc. has a 52 week low of $199.69 and a 52 week high of $242.58. The company has a fifty day moving average price of $227.46 and a 200 day moving average price of $229.53. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. The stock has a market capitalization of $87.68 billion, a PE ratio of 32.30, a P/E/G ratio of 2.69 and a beta of 0.64.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly 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. The firm had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The business's revenue for the quarter was up 19.0% on a year-over-year basis. During the same period last year, the firm posted $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. As a group, analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. National Bank Financial upgraded shares of Waste Management to a "hold" rating in a research report on Monday, May 26th. Royal Bank Of Canada restated a "sector perform" rating and set a $229.00 price objective on shares of Waste Management in a research report on Thursday, June 26th. JPMorgan Chase & Co. raised Waste Management from a "neutral" rating to an "overweight" rating and raised their target price for the company from $225.00 to $277.00 in a report on Friday, May 23rd. Oppenheimer upped their price objective on Waste Management from $260.00 to $265.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, Melius Research upgraded Waste Management to a "strong-buy" rating and set a $263.00 target price on the stock in a research report on Monday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Waste Management has a consensus rating of "Moderate Buy" and an average target price of $254.35.

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.