Van Lanschot Kempen Investment Management N.V. Has $11.89 Million Stake in Waste Management, Inc. $WM

Key Points

• Van Lanschot Kempen Investment Management N.V. increased its holdings in Waste Management, Inc. by 2.7%, adding 1,337 shares, bringing its total ownership to 51,377 shares worth approximately $11.89 million.
• In the first quarter, other large investors like Westend Capital Management and West Branch Capital significantly raised their positions in Waste Management, indicating growing institutional interest with 80.40% of the stock owned by institutional investors.
• Waste Management reported earnings of $1.92 per share for the latest quarter, exceeding analyst expectations and reflecting a 19% year-over-year revenue increase to $6.43 billion.

Van Lanschot Kempen Investment Management N.V. lifted its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 2.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,377 shares of the business services provider's stock after purchasing an additional 1,337 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in Waste Management were worth $11,894,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. JT Stratford LLC increased its stake in shares of Waste Management by 22.5% in the first quarter. JT Stratford LLC now owns 2,567 shares of the business services provider's stock worth $594,000 after purchasing an additional 471 shares during the period. Legacy Financial Advisors Inc. increased its stake in Waste Management by 6.7% during the first quarter. Legacy Financial Advisors Inc. now owns 1,682 shares of the business services provider's stock valued at $389,000 after acquiring an additional 105 shares during the period. Texas Capital Bank Wealth Management Services Inc increased its stake in Waste Management by 4.6% during the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 1,759 shares of the business services provider's stock valued at $407,000 after acquiring an additional 78 shares during the period. Disciplina Capital Management LLC increased its stake in Waste Management by 123.2% during the first quarter. Disciplina Capital Management LLC now owns 221 shares of the business services provider's stock valued at $51,000 after acquiring an additional 122 shares during the period. Finally, Quantbot Technologies LP bought a new position in Waste Management during the first quarter valued at about $2,863,000. 80.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WM has been the topic of several research reports. National Bank Financial upgraded Waste Management to a "hold" rating in a research note on Monday, May 26th. Scotiabank boosted their price target on Waste Management from $265.00 to $275.00 and gave the company a "sector outperform" rating in a research note on Thursday, July 31st. Hsbc Global Res upgraded Waste Management from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. William Blair restated an "outperform" rating on shares of Waste Management in a research note on Tuesday, July 29th. Finally, Citigroup boosted their price target on Waste Management from $260.00 to $271.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $254.35.

Waste Management Price Performance

Waste Management stock traded down $2.6670 during mid-day trading on Friday, reaching $226.9430. The company had a trading volume of 1,331,593 shares, compared to its average volume of 1,859,571. The company has a market cap of $91.42 billion, a P/E ratio of 33.67, a P/E/G ratio of 2.82 and a beta of 0.64. The business has a fifty day simple moving average of $229.28 and a 200 day simple moving average of $229.77. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. Waste Management, Inc. has a fifty-two week low of $199.69 and a fifty-two week high of $242.58.

Waste Management (NYSE:WM - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.03. The company had revenue of $6.43 billion for the quarter, compared to analyst estimates 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 in the previous year, the business earned $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. Waste Management's dividend payout ratio (DPR) is presently 48.96%.

Insiders Place Their Bets

In related news, CFO Devina A. Rankin sold 57,888 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total value of $13,740,295.68. Following the transaction, the chief financial officer owned 83,934 shares in the company, valued at $19,922,574.24. The trade was a 40.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Rafael Carrasco sold 674 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $236.81, for a total transaction of $159,609.94. Following the completion of the transaction, the senior vice president owned 16,542 shares in the company, valued at approximately $3,917,311.02. The trade was a 3.91% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

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.