Coordinated Financial Services Inc. Invests $306,000 in Waste Management, Inc. $WM

Coordinated Financial Services Inc. purchased a new position in Waste Management, Inc. (NYSE:WM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,337 shares of the business services provider’s stock, valued at approximately $306,000.

Other hedge funds have also recently made changes to their positions in the company. Westend Capital Management LLC grew its holdings in shares of Waste Management by 126.9% in the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock worth $27,000 after purchasing an additional 66 shares during the last quarter. West Branch Capital LLC grew its holdings in Waste Management by 69.0% during the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock worth $28,000 after acquiring an additional 49 shares in the last quarter. Saudi Central Bank bought a new position in Waste Management during the 1st quarter worth about $37,000. GKV Capital Management Co. Inc. bought a new position in Waste Management during the 1st quarter worth about $38,000. Finally, New Age Alpha Advisors LLC bought a new position in Waste Management during the 1st quarter worth about $45,000. 80.40% of the stock is currently owned by institutional investors.

Waste Management Stock Performance

Shares of Waste Management stock opened at $217.56 on Friday. The firm has a market capitalization of $87.64 billion, a P/E ratio of 32.28, a PEG ratio of 2.71 and a beta of 0.64. 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 $223.24 and a 200 day moving average price of $228.03. Waste Management, Inc. has a 52 week low of $199.69 and a 52 week high of $242.58.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.89 by $0.03. The firm had revenue of $6.43 billion during 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% on a year-over-year basis. During the same period last year, the firm posted $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. Sell-side analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management’s dividend payout ratio (DPR) is currently 48.96%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Royal Bank Of Canada reiterated a “sector perform” rating and set a $229.00 target price on shares of Waste Management in a report on Thursday, June 26th. Scotiabank increased their target price on shares of Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 31st. UBS Group increased their target price on shares of Waste Management from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. BMO Capital Markets increased their target price on shares of Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a report on Wednesday, July 30th. Finally, National Bankshares decreased their price target on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $254.32.

Waste Management Company 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.