Wedge Capital Management L L P NC Has $206,000 Stock Position in Waste Management, Inc. $WM

Key Points

• Wedge Capital Management cut its Waste Management stake by 88.6% in the second quarter, selling 7,173 shares and retaining 926 shares valued at approximately $206,000.
• Other institutional investors mostly increased their positions, and hedge funds and institutions collectively own 80.4% of Waste Management’s stock.
• Waste Management beat quarterly EPS expectations and grew revenue 4% year over year, but its premium valuation, debt levels and softer projected volumes remain risks. Analysts maintain a “Moderate Buy” consensus with an average price target of $258.89.

Wedge Capital Management L L P NC lowered its position in Waste Management, Inc. (NYSE:WM - Free Report) by 88.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 926 shares of the business services provider's stock after selling 7,173 shares during the period. Wedge Capital Management L L P NC's holdings in Waste Management were worth $206,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Abound Wealth Management lifted its holdings in Waste Management by 25.1% during the second quarter. Abound Wealth Management now owns 619 shares of the business services provider's stock worth $138,000 after acquiring an additional 124 shares in the last quarter. Tema ETFs LLC raised its position in shares of Waste Management by 10.0% during the second quarter. Tema ETFs LLC now owns 6,371 shares of the business services provider's stock worth $1,420,000 after purchasing an additional 580 shares during the period. West Branch Capital LLC lifted its holdings in shares of Waste Management by 887.3% during the 2nd quarter. West Branch Capital LLC now owns 701 shares of the business services provider's stock valued at $156,000 after purchasing an additional 630 shares in the last quarter. Fiduciary Financial Group LLC grew its position in shares of Waste Management by 4.0% in the 2nd quarter. Fiduciary Financial Group LLC now owns 1,304 shares of the business services provider's stock valued at $291,000 after purchasing an additional 50 shares during the period. Finally, Handelsbanken Fonder AB increased its stake in Waste Management by 10.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 242,318 shares of the business services provider's stock worth $54,008,000 after purchasing an additional 22,896 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.

More Waste Management News

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Higher margins, pricing gains and stronger cash flow could help WM sustain earnings momentum even as operating conditions soften. Technology-driven efficiencies, including benefits from the Stericycle integration, and the company’s consistent dividend also support the long-term investment case. Is WM Stock Worth Buying as Margins Rise but Valuation Stays Rich?
• Positive Sentiment: WM’s recent earnings performance exceeded analysts’ EPS expectations, while revenue continued to grow year over year. These results reinforce the potential for margin expansion and disciplined pricing to offset slower volume growth.
• Neutral Sentiment: WM has lagged the broader market rally, prompting some investors to view the stock as a potential opportunity for defensive, income-oriented portfolios. However, the investment case depends on continued execution rather than a clear near-term catalyst. Waste Management Fell Behind the Rally. Is It an Opportunity?
• Negative Sentiment: WM lowered its 2026 revenue outlook because of softer volumes. Investors are watching whether margin improvements, pricing and cash flow can fully offset weaker demand. WM’s 2026 Outlook Tests Whether Margin Gains Can Offset Softer Volumes
• Negative Sentiment: A premium earnings multiple, substantial debt and weak liquidity metrics increase downside risk if growth or integration benefits disappoint. With shares trading near their moving averages and valuation still rich, investors may demand continued earnings execution. Is WM Stock Worth Buying as Margins Rise but Valuation Stays Rich?

Waste Management Trading Up 0.2%

NYSE:WM opened at $224.73 on Friday. The company has a market cap of $89.83 billion, a P/E ratio of 31.83, a price-to-earnings-growth ratio of 2.76 and a beta of 0.44. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. The business has a 50 day moving average price of $227.62 and a two-hundred day moving average price of $227.88. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.04. The company had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.71 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The firm's revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $1.92 earnings per share. As a group, analysts expect that Waste Management, Inc. will post 8.14 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on WM shares. Wells Fargo & Company cut their price target on shares of Waste Management from $273.00 to $268.00 and set an "overweight" rating on the stock in a research note on Thursday, April 30th. Stifel Nicolaus increased their price objective on shares of Waste Management from $252.00 to $261.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce lowered shares of Waste Management from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 29th. Oppenheimer cut their price objective on shares of Waste Management from $264.00 to $263.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 8th. Finally, Weiss Ratings upgraded Waste Management from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, August 7th. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $258.89.

Waste Management Company Profile

Waste Management, Inc NYSE: WM is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.

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