V Square Quantitative Management LLC Sells 1,778 Shares of Waste Management, Inc. $WM

Key Points

• V Square Quantitative Management LLC reduced its stake in Waste Management, Inc. by 30.8%, selling 1,778 shares during the second quarter and holding 4,002 shares worth approximately $916,000 after the sale.
• Several hedge funds have increased their investments in Waste Management, with Brighton Jones LLC raising its holdings by 51.1% in the last quarter to own 6,861 shares valued at $1,384,000.
• Waste Management recently reported earnings of $1.92 EPS, exceeding expectations, with a revenue of $6.43 billion that was up 19% year-over-year.

V Square Quantitative Management LLC decreased its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 30.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,002 shares of the business services provider's stock after selling 1,778 shares during the quarter. V Square Quantitative Management LLC's holdings in Waste Management were worth $916,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in WM. Brighton Jones LLC raised its holdings in Waste Management by 51.1% during the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider's stock worth $1,384,000 after purchasing an additional 2,320 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in Waste Management by 8.8% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,025 shares of the business services provider's stock worth $1,395,000 after purchasing an additional 488 shares during the last quarter. Czech National Bank raised its holdings in Waste Management by 5.9% during the 1st quarter. Czech National Bank now owns 83,890 shares of the business services provider's stock worth $19,421,000 after purchasing an additional 4,698 shares during the last quarter. NBC Securities Inc. grew its position in shares of Waste Management by 113,950.0% during the 1st quarter. NBC Securities Inc. now owns 4,562 shares of the business services provider's stock worth $1,056,000 after buying an additional 4,558 shares during the period. Finally, Sweeney & Michel LLC acquired a new stake in shares of Waste Management during the 1st quarter worth approximately $216,000. Institutional investors own 80.40% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Erste Group Bank downgraded shares of Waste Management from a "buy" rating to a "hold" rating in a research report on Thursday, September 11th. Melius assumed coverage on shares of Waste Management in a research report on Monday, June 9th. They set a "buy" rating for the company. BMO Capital Markets raised their price objective on shares of Waste Management from $245.00 to $248.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 30th. UBS Group raised their price objective on shares of Waste Management from $260.00 to $265.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Finally, Raymond James Financial lifted their price target on shares of Waste Management from $255.00 to $256.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Waste Management currently has an average rating of "Moderate Buy" and an average target price of $255.17.

Waste Management Price Performance

Shares of NYSE:WM opened at $219.24 on Tuesday. 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 stock's fifty day simple moving average is $225.05 and its two-hundred day simple moving average is $228.48. Waste Management, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58. The stock has a market cap of $88.31 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 2.67 and a beta of 0.64.

Waste Management (NYSE:WM - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.03. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The business had revenue of $6.43 billion for the quarter, compared to analysts' expectations of $6.37 billion. During the same period last year, the business earned $1.82 EPS. The business's revenue was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. As a group, analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a dividend of $0.825 per share. The ex-dividend date was Friday, September 12th. This represents a $3.30 annualized dividend and a yield of 1.5%. Waste Management's dividend payout ratio (DPR) is 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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