Waste Management, Inc. $WM Shares Sold by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd sold 88.2% of its shares in Waste Management, Inc., reducing its holdings to 1,614 shares valued at approximately $373,000.
• Waste Management's latest quarterly earnings report showed an EPS of $1.92, exceeding analyst expectations, with a revenue increase of 19.0% year-over-year.
• The company declared a quarterly dividend of $0.825 per share, with the payout representing an annualized yield of 1.5% and a payout ratio of 48.96%.

Dynamic Technology Lab Private Ltd reduced its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 88.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,614 shares of the business services provider's stock after selling 12,056 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Waste Management were worth $373,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Westend Capital Management LLC increased its holdings in Waste Management by 126.9% in the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider's stock valued at $27,000 after purchasing an additional 66 shares in the last quarter. West Branch Capital LLC increased 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 purchasing an additional 49 shares in the last quarter. Saudi Central Bank acquired a new stake in Waste Management in the 1st quarter valued at $37,000. GKV Capital Management Co. Inc. acquired a new stake in Waste Management in the 1st quarter valued at $38,000. Finally, Adalta Capital Management LLC acquired a new stake in Waste Management in the 4th quarter valued at $40,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Stock Up 1.3%

NYSE:WM opened at $220.54 on Friday. The company has a market capitalization of $88.84 billion, a price-to-earnings ratio of 32.72, a price-to-earnings-growth ratio of 2.67 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. The stock has a 50-day simple moving average of $227.22 and a 200 day simple moving average of $229.38. 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 (NYSE:WM - Get Free Report) last posted 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 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 company's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period last year, the firm earned $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. Sell-side analysts predict 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. Stockholders of record on Friday, September 12th will be issued a $0.825 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. Waste Management's payout ratio is 48.96%.

Analysts Set New Price Targets

WM has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded Waste Management from a "neutral" rating to an "overweight" rating and increased their price target for the company from $225.00 to $277.00 in a report on Friday, May 23rd. National Bank Financial upgraded shares of Waste Management to a "hold" rating in a research note on Monday, May 26th. William Blair restated an "outperform" rating on shares of Waste Management in a research note on Tuesday, July 29th. Erste Group Bank downgraded shares of Waste Management from a "buy" rating to a "hold" rating in a research note on Thursday. Finally, BMO Capital Markets upped their target price on shares of Waste Management from $245.00 to $248.00 and gave the company a "market perform" rating in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $254.35.

Waste Management 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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