Valeo Financial Advisors LLC Has $395.51 Million Stock Holdings in Waste Management, Inc. $WM

Key Points

• Valeo Financial Advisors LLC significantly increased its holdings in Waste Management, Inc., raising its stake by 15,782.4% in the second quarter, now owning 1,728,486 shares valued at approximately $395.51 million.
• Waste Management's stock has shown positive performance, with a 1.3% increase recently, and the company reported earnings of $1.92 EPS, exceeding estimates by $0.03.
• An ongoing evaluation by analysts has led to mixed ratings for Waste Management, including a recent downgrade to "hold" by Erste Group Bank, while several others maintain "buy" or "strong buy" ratings with varying price targets.

Valeo Financial Advisors LLC raised its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 15,782.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,728,486 shares of the business services provider's stock after buying an additional 1,717,603 shares during the quarter. Waste Management comprises 1.2% of Valeo Financial Advisors LLC's investment portfolio, making the stock its 15th largest holding. Valeo Financial Advisors LLC owned approximately 0.43% of Waste Management worth $395,512,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Westend Capital Management LLC raised its position in shares of Waste Management by 126.9% during the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider's stock valued at $27,000 after buying an additional 66 shares during the last quarter. West Branch Capital LLC raised its holdings in Waste Management by 69.0% in the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider's stock valued at $28,000 after acquiring an additional 49 shares in the last quarter. Saudi Central Bank bought a new stake in shares of Waste Management in the 1st quarter worth approximately $37,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Waste Management during the 1st quarter worth approximately $38,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Waste Management during the first quarter valued at approximately $45,000. Institutional investors and hedge funds own 80.40% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Erste Group Bank downgraded shares of Waste Management from a "buy" rating to a "hold" rating in a research note on Thursday, September 11th. Weiss Ratings reissued a "buy (b)" rating on shares of Waste Management in a research note on Saturday, September 27th. Royal Bank Of Canada restated a "sector perform" rating and set a $229.00 price target on shares of Waste Management in a research note on Thursday, June 26th. Barclays started coverage on Waste Management in a report on Friday, September 19th. They issued an "overweight" rating and a $272.00 target price for the company. Finally, Melius Research upgraded Waste Management to a "strong-buy" rating and set a $263.00 price objective for the company in a research note on Monday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $255.17.

Waste Management Stock Up 1.3%

NYSE WM opened at $219.77 on Monday. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. Waste Management, Inc. has a 52 week low of $199.69 and a 52 week high of $242.58. The stock has a market capitalization of $88.53 billion, a P/E ratio of 32.61, a price-to-earnings-growth ratio of 2.68 and a beta of 0.64. The stock has a fifty day moving average of $224.29 and a 200-day moving average of $228.27.

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 for the quarter, compared to analysts' expectations 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 last year, the business earned $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 1.5%. The ex-dividend date was 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.

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