Trexquant Investment LP Grows Stake in Waste Management, Inc. $WM

Key Points

• Trexquant Investment LP increased its holdings in Waste Management, Inc. by 91.3% during the first quarter, bringing its total to 130,128 shares valued at approximately $30.13 million.
• Waste Management reported earnings of $1.92 per share in its latest quarterly results, surpassing the consensus estimate of $1.89, with a year-over-year revenue increase of 19%.
• The company recently declared a quarterly dividend of $0.825 per share, representing a yield of 1.5%, to be paid on September 26th to stockholders of record.

Trexquant Investment LP boosted its position in Waste Management, Inc. (NYSE:WM - Free Report) by 91.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,128 shares of the business services provider's stock after buying an additional 62,091 shares during the quarter. Trexquant Investment LP's holdings in Waste Management were worth $30,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ascent Group LLC lifted its stake in Waste Management by 0.6% in the fourth quarter. Ascent Group LLC now owns 7,534 shares of the business services provider's stock worth $1,520,000 after purchasing an additional 44 shares during the last quarter. Insight Wealth Strategies LLC boosted its stake in shares of Waste Management by 0.4% during the first quarter. Insight Wealth Strategies LLC now owns 11,655 shares of the business services provider's stock valued at $2,698,000 after purchasing an additional 44 shares during the period. Stonebridge Financial Group LLC boosted its stake in shares of 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 valued at $355,000 after purchasing an additional 45 shares during the period. Formidable Asset Management LLC boosted its stake in shares of Waste Management by 2.0% during the first quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider's stock valued at $536,000 after purchasing an additional 45 shares during the period. Finally, KRS Capital Management LLC boosted its stake in shares of Waste Management by 3.1% during the first quarter. KRS Capital Management LLC now owns 1,548 shares of the business services provider's stock valued at $358,000 after purchasing an additional 46 shares during the period. Hedge funds and other institutional investors own 80.40% of the company's stock.

Wall Street Analyst Weigh In

WM has been the subject of a number of analyst reports. National Bank Financial raised Waste Management to a "hold" rating in a research note on Monday, May 26th. UBS Group upped their target price on Waste Management from $260.00 to $265.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. BMO Capital Markets upped their target price on Waste Management from $245.00 to $248.00 and gave the company a "market perform" rating in a report on Wednesday, July 30th. Seaport Res Ptn upgraded Waste Management to a "hold" rating in a report on Tuesday, May 6th. Finally, William Blair restated an "outperform" rating on shares of Waste Management in a report on Tuesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $254.35.

Waste Management Stock Up 0.9%

WM traded up $2.11 during trading on Monday, reaching $226.69. The stock had a trading volume of 1,527,535 shares, compared to its average volume of 1,640,870. The stock's 50 day moving average is $228.48 and its two-hundred day moving average is $229.80. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. The company has a market capitalization of $91.32 billion, a price-to-earnings ratio of 33.63, a P/E/G ratio of 2.78 and a beta of 0.64. Waste Management, Inc. has a one year low of $199.69 and a one year high of $242.58.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 34.37% and a net margin of 11.36%.The firm's quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid 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 of this dividend is Friday, September 12th. Waste Management's dividend payout ratio is currently 48.96%.

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.