Waste Management, Inc. (NYSE:WM) is IQ EQ FUND MANAGEMENT IRELAND Ltd’s 10th Largest Position

by · The Markets Daily

IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in Waste Management, Inc. (NYSE:WM – Free Report) by 7.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,567 shares of the business services provider’s stock after buying an additional 4,703 shares during the quarter. Waste Management makes up about 1.4% of IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings, making the stock its 10th largest position. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Waste Management were worth $13,612,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Wellington Management Group LLP increased its position in Waste Management by 18.4% in the fourth quarter. Wellington Management Group LLP now owns 312,618 shares of the business services provider’s stock worth $55,990,000 after buying an additional 48,549 shares during the last quarter. Trium Capital LLP grew its position in shares of Waste Management by 33.6% in the third quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock valued at $2,498,000 after purchasing an additional 3,029 shares in the last quarter. Pinkerton Retirement Specialists LLC grew its position in shares of Waste Management by 18.6% in the first quarter. Pinkerton Retirement Specialists LLC now owns 20,099 shares of the business services provider’s stock valued at $4,284,000 after purchasing an additional 3,145 shares in the last quarter. Sunbelt Securities Inc. grew its position in shares of Waste Management by 8.8% in the first quarter. Sunbelt Securities Inc. now owns 754 shares of the business services provider’s stock valued at $161,000 after purchasing an additional 61 shares in the last quarter. Finally, Alaska Permanent Fund Corp grew its position in shares of Waste Management by 240.6% in the first quarter. Alaska Permanent Fund Corp now owns 24,383 shares of the business services provider’s stock valued at $5,197,000 after purchasing an additional 17,225 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WM shares. CIBC reduced their price target on Waste Management from $223.00 to $213.00 and set a “neutral” rating for the company in a research report on Friday, July 26th. Robert W. Baird dropped their price objective on Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. Oppenheimer dropped their price objective on Waste Management from $229.00 to $224.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Truist Financial dropped their price objective on Waste Management from $240.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Finally, StockNews.com lowered Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 9th. Twelve analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $218.89.

View Our Latest Research Report on WM

Waste Management Trading Down 0.3 %

NYSE WM opened at $213.13 on Thursday. Waste Management, Inc. has a 1-year low of $153.95 and a 1-year high of $225.00. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 2.21. The stock has a 50-day moving average of $207.98 and a 200-day moving average of $208.45. The firm has a market cap of $85.53 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74.

Waste Management (NYSE:WM – Get Free Report) last released its earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.82. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The company had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.43 billion. During the same quarter in the previous year, the company posted $1.51 EPS. Waste Management’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that Waste Management, Inc. will post 7.24 EPS for the current year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.00 dividend on an annualized basis and a yield of 1.41%. Waste Management’s dividend payout ratio is presently 47.69%.

Waste Management Company Profile

(Free Report)

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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