Night Squared LP Has $13.45 Million Stake in Waste Management, Inc. $WM

Night Squared LP boosted its stake in shares of Waste Management, Inc. (NYSE:WM) by 61.7% in the fourth quarter, Holdings Channel reports. The firm owned 61,220 shares of the business services provider’s stock after acquiring an additional 23,366 shares during the period. Waste Management comprises about 3.8% of Night Squared LP’s holdings, making the stock its biggest position. Night Squared LP’s holdings in Waste Management were worth $13,451,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in WM. Norges Bank bought a new position in shares of Waste Management in the fourth quarter worth about $1,022,916,000. Capital International Investors increased its stake in shares of Waste Management by 218.3% in the third quarter. Capital International Investors now owns 1,369,805 shares of the business services provider’s stock worth $302,494,000 after purchasing an additional 939,455 shares during the period. Holocene Advisors LP increased its stake in shares of Waste Management by 163.7% in the third quarter. Holocene Advisors LP now owns 1,400,701 shares of the business services provider’s stock worth $309,317,000 after purchasing an additional 869,453 shares during the period. Vanguard Group Inc. increased its stake in shares of Waste Management by 2.1% in the third quarter. Vanguard Group Inc. now owns 38,436,462 shares of the business services provider’s stock worth $8,487,924,000 after purchasing an additional 774,255 shares during the period. Finally, Balyasny Asset Management L.P. increased its stake in shares of Waste Management by 3,209.2% in the third quarter. Balyasny Asset Management L.P. now owns 681,366 shares of the business services provider’s stock worth $150,466,000 after purchasing an additional 660,776 shares during the period. Institutional investors own 80.40% of the company’s stock.

Analysts Set New Price Targets

WM has been the topic of a number of recent analyst reports. TD Cowen lifted their price objective on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. lifted their price objective on Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Weiss Ratings lowered Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Royal Bank Of Canada lifted their price objective on Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Finally, Barclays lifted their price objective on Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Fifteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $255.30.

Key Waste Management News

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

• Positive Sentiment: Commentary today reiterated that WM’s irreplaceable physical network supports predictable, inflation-protected cash flow, reinforcing the stock’s appeal as a long-term “forever” holding. Why This Once-in-a-Decade Selloff Makes One Waste Management Company a Forever Stock
• Positive Sentiment: WM also reinforced its brand and operational discipline by updating its Recycle Right® guidance to warn customers not to place batteries in recycling or trash bins, a move that highlights safety focus and could help reduce facility fire risk. WM Updates Recycle Right® Rules: No Batteries in Recycling or Trash
• Neutral Sentiment: Several items referenced capital-markets activity around Waste Management entities, including debt issuance in Canada, which may support financing flexibility but does not appear to be a major stock-moving catalyst for WM’s core U.S. operations. Waste Management eyes selling $750 million in bonds
• Negative Sentiment: WM shares have recently softened amid a broader selloff in industrials and a market session where the stock fell while the wider market rose, suggesting some near-term profit-taking or valuation pressure. Waste Management (WM) Stock Sinks As Market Gains: What You Should Know

Waste Management Stock Up 0.8%

WM stock opened at $218.73 on Wednesday. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. The company has a market cap of $87.84 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 2.27 and a beta of 0.45. The business’s 50-day simple moving average is $222.08 and its 200 day simple moving average is $224.79. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22.

Waste Management (NYSE:WM) last released its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The business had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period last year, the business earned $1.67 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, research analysts anticipate that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be given a dividend of $0.945 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. Waste Management’s dividend payout ratio (DPR) is 54.70%.

About Waste Management

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.