AXQ Capital LP Has $1.64 Million Stock Holdings in Waste Management, Inc. $WM

AXQ Capital LP lifted its position in shares of Waste Management, Inc. (NYSE:WM) by 115.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,178 shares of the business services provider’s stock after buying an additional 3,847 shares during the quarter. Waste Management comprises 0.5% of AXQ Capital LP’s holdings, making the stock its 27th biggest position. AXQ Capital LP’s holdings in Waste Management were worth $1,642,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Saudi Central Bank bought a new stake in Waste Management in the 1st quarter valued at about $37,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Waste Management in the first quarter valued at approximately $38,000. Wealth Watch Advisors INC bought a new stake in shares of Waste Management in the second quarter valued at approximately $43,000. New Age Alpha Advisors LLC acquired a new stake in Waste Management during the first quarter worth approximately $45,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in Waste Management by 381.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 202 shares of the business services provider’s stock worth $47,000 after acquiring an additional 160 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Performance

Shares of Waste Management stock opened at $216.71 on Friday. The stock has a market cap of $87.31 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 2.51 and a beta of 0.62. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $242.58. The company’s fifty day moving average is $212.34 and its 200 day moving average is $223.75.

Waste Management (NYSE:WM) last announced its earnings results on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.03). The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.51 billion. Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.96 earnings per share. Waste Management has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be issued a $0.825 dividend. The ex-dividend date is Friday, December 5th. This represents a $3.30 annualized dividend and a yield of 1.5%. Waste Management’s dividend payout ratio is presently 51.97%.

Insiders Place Their Bets

In other Waste Management news, SVP Rafael Carrasco sold 1,380 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total transaction of $299,542.80. Following the completion of the transaction, the senior vice president owned 15,540 shares in the company, valued at approximately $3,373,112.40. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on WM. JPMorgan Chase & Co. reduced their target price on Waste Management from $277.00 to $255.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Barclays reduced their price objective on shares of Waste Management from $271.00 to $266.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. 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 report on Wednesday, July 30th. Stifel Nicolaus reduced their price target on shares of Waste Management from $252.00 to $236.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Finally, Cowen restated a “buy” rating on shares of Waste Management in a research report on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and an average price target of $248.25.

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.