Rathbones Group PLC Has $107.29 Million Position in Waste Management, Inc. $WM

Rathbones Group PLC lifted its holdings in Waste Management, Inc. (NYSE:WM) by 0.8% during the 1st quarter, HoldingsChannel reports. The fund owned 466,899 shares of the business services provider’s stock after acquiring an additional 3,625 shares during the quarter. Rathbones Group PLC’s holdings in Waste Management were worth $107,289,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its stake in Waste Management by 51.1% in the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after purchasing an additional 2,320 shares during the last quarter. Sprott Inc. bought a new position in shares of Waste Management during the first quarter valued at $325,000. Sei Investments Co. raised its stake in shares of Waste Management by 8.0% during the second quarter. Sei Investments Co. now owns 272,438 shares of the business services provider’s stock valued at $62,339,000 after acquiring an additional 20,122 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Waste Management by 68.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 366,416 shares of the business services provider’s stock worth $83,843,000 after buying an additional 148,590 shares during the period. Finally, Glenview Trust co increased its stake in shares of Waste Management by 5.1% in the second quarter. Glenview Trust co now owns 3,338 shares of the business services provider’s stock valued at $764,000 after buying an additional 162 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Trending Headlines about Waste Management

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

• Positive Sentiment: Analysts raised price targets. Barclays increased its target from $270 to $277 and maintained an Overweight rating, while Stifel Nicolaus raised its target from $252 to $261 and reiterated Buy. These targets imply substantial upside and reinforce the bullish case for WM. Barclays and Stifel analyst actions
• Positive Sentiment: RBC also lifted its price target from $240 to $244, citing a more favorable valuation outlook, although it retained a Sector Perform rating. RBC raises Waste Management price target
• Positive Sentiment: Second-quarter profitability was better than expected. WM reported adjusted earnings of $2.02 per share, above the $1.98 consensus estimate, while revenue rose 4% year over year to $6.68 billion. Management highlighted margin expansion, technology investments and progress integrating its healthcare-services operations. WM Q2 earnings call highlights
• Neutral Sentiment: Scotiabank maintained its Hold rating. The decision suggests analysts see balanced upside and downside risks following the earnings report. Scotiabank maintains Hold rating
• Negative Sentiment: Revenue expectations and operating volumes remain concerns. WM’s full-year revenue outlook of approximately $26.38 billion was slightly below analysts’ expectations, and softer collection volumes could offset margin gains and integration benefits. WM Q2 business review
• Negative Sentiment: Erste Group issued a bearish FY2026 earnings forecast, adding a cautious counterpoint to the more optimistic target increases from other firms. Erste Group bearish forecast

Waste Management Trading Up 0.2%

NYSE:WM opened at $226.89 on Monday. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13. The company has a market cap of $90.69 billion, a PE ratio of 32.14, a PEG ratio of 2.79 and a beta of 0.44. The firm has a 50-day moving average of $225.52 and a 200-day moving average of $227.66.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The business had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period last year, the business earned $1.92 EPS. The business’s revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts expect that Waste Management, Inc. will post 8.13 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were issued a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, June 5th. Waste Management’s dividend payout ratio (DPR) is 53.54%.

Analyst Ratings Changes

A number of analysts have commented on WM shares. Scotiabank upped their price target on shares of Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a research report on Thursday, July 16th. Stifel Nicolaus boosted their price objective on Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup upped their target price on Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Royal Bank Of Canada lifted their target price on Waste Management from $240.00 to $244.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, Barclays boosted their price target on Waste Management from $270.00 to $277.00 and gave the company an “overweight” rating in a research note on Thursday. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.33.

Waste Management 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.