Coordinated Financial Services Inc. CO Buys New Stake in Waste Management, Inc. $WM

Coordinated Financial Services Inc. CO bought a new stake in shares of Waste Management, Inc. (NYSE:WM) in the first quarter, Holdings Channel reports. The fund bought 1,335 shares of the business services provider’s stock, valued at approximately $309,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WM. Ascent Group LLC raised its position in shares of Waste Management by 0.6% in the fourth quarter. Ascent Group LLC now owns 7,534 shares of the business services provider’s stock worth $1,520,000 after acquiring an additional 44 shares during the period. Insight Wealth Strategies LLC raised its position in shares of Waste Management by 0.4% in the first quarter. Insight Wealth Strategies LLC now owns 11,655 shares of the business services provider’s stock worth $2,698,000 after acquiring an additional 44 shares during the period. Stonebridge Financial Group LLC raised its position in shares of Waste Management by 3.0% in the first quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider’s stock worth $355,000 after acquiring an additional 45 shares during the period. Formidable Asset Management LLC raised its position in shares of Waste Management by 2.0% in the first quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider’s stock worth $536,000 after acquiring an additional 45 shares during the period. Finally, KRS Capital Management LLC raised its position in shares of Waste Management by 3.1% in the first quarter. KRS Capital Management LLC now owns 1,548 shares of the business services provider’s stock worth $358,000 after acquiring an additional 46 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WM. National Bank Financial upgraded shares of Waste Management to a “hold” rating in a research report on Monday, May 26th. Scotiabank upped their price objective on shares of Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a research report on Thursday, July 31st. Oppenheimer upped their price objective on shares of Waste Management from $260.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. BMO Capital Markets upped their price target on shares of Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 30th. Finally, Melius started coverage on shares of Waste Management in a research report on Monday, June 9th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and a consensus target price of $254.35.

Waste Management Stock Down 2.2%

WM opened at $220.08 on Friday. Waste Management, Inc. has a twelve month low of $199.69 and a twelve month high of $242.58. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. The company has a 50-day moving average price of $227.85 and a 200 day moving average price of $229.66. The company has a market cap of $88.65 billion, a PE ratio of 32.65, a price-to-earnings-growth ratio of 2.70 and a beta of 0.64.

Waste Management (NYSE:WM) last announced its quarterly earnings data 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. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The company had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.37 billion. During the same quarter in the prior year, the company earned $1.82 EPS. Waste Management’s revenue was up 19.0% compared to the same quarter last year. Waste Management has set its FY 2025 guidance at EPS. Sell-side analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is 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.