Boston Common Asset Management LLC Invests $13.65 Million in Waste Management, Inc. $WM

Boston Common Asset Management LLC acquired a new stake in Waste Management, Inc. (NYSE:WM) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 61,791 shares of the business services provider’s stock, valued at approximately $13,645,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Syntegra Private Wealth Group LLC raised its position in shares of Waste Management by 2.0% in the 2nd quarter. Syntegra Private Wealth Group LLC now owns 2,291 shares of the business services provider’s stock valued at $524,000 after acquiring an additional 44 shares during the period. Harbour Trust & Investment Management Co raised its holdings in Waste Management by 1.1% in the second quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider’s stock worth $943,000 after purchasing an additional 45 shares during the period. KWB Wealth boosted its position in shares of Waste Management by 1.3% during the second quarter. KWB Wealth now owns 3,607 shares of the business services provider’s stock worth $835,000 after purchasing an additional 47 shares in the last quarter. D.B. Root & Company LLC grew its holdings in shares of Waste Management by 3.0% in the 2nd quarter. D.B. Root & Company LLC now owns 1,603 shares of the business services provider’s stock valued at $367,000 after buying an additional 47 shares during the period. Finally, InTrack Investment Management Inc increased its position in shares of Waste Management by 0.8% in the 2nd quarter. InTrack Investment Management Inc now owns 5,856 shares of the business services provider’s stock valued at $1,340,000 after buying an additional 49 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Key Stories Impacting Waste Management

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

• Positive Sentiment: Traders noted a Power Inflow (order-flow) signal that flashed at about $222.60 and preceded an intraday high, a short-term bullish technical cue that can attract momentum buyers. Waste Management Shares Hit Intraday High After Key Trading Signal
• Positive Sentiment: Credit and balance-sheet analysis argues WM can manage its elevated debt load responsibly, which reduces investor concern about leverage and supports the stock’s valuation. Here’s Why Waste Management (NYSE:WM) Can Manage Its Debt Responsibly
• Positive Sentiment: Longer-term industry research projects strong secular growth in the global waste management market through 2033, a tailwind for WM’s revenue growth outlook and investor sentiment toward the sector. Waste Management Market Poised to Surge to a Stunning US$ 2.30 Trillion by 2033
• Neutral Sentiment: Scotiabank reaffirmed a “sector perform” rating but trimmed its price target slightly to $250, signaling modestly less upside but no change in stance. Scotiabank rating note
• Neutral Sentiment: Barclays kept an Overweight rating but nudged its target from $266 to $265, a small adjustment that still implies meaningful upside vs. current levels. Barclays price target note
• Neutral Sentiment: Sector/company roundups and analyst commentaries (MSN, The Globe & Mail) are circulating but offer mixed, mostly descriptive takes rather than new catalyst-driven guidance. Waste management stocks Q3 recap Analysts Offer Insights on Industrial Goods Companies
• Negative Sentiment: Zacks warns WM may lack the setup for an earnings beat in the next report, flagging a potential risk that an earnings or revenue miss could pressure the stock near-term. Waste Management (WM) Earnings Expected to Grow: Should You Buy?

Insider Activity

In related news, SVP Rafael Carrasco sold 1,380 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $217.06, for a total value of $299,542.80. Following the completion of the sale, the senior vice president directly 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on WM shares. Wells Fargo & Company started coverage on Waste Management in a research note on Friday, November 14th. They issued an “overweight” rating and a $238.00 target price for the company. Barclays decreased their price objective on Waste Management from $266.00 to $265.00 and set an “overweight” rating for the company in a research report on Tuesday. Robert W. Baird upgraded shares of Waste Management from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $238.00 to $242.00 in a report on Tuesday, November 4th. Scotiabank reiterated a “sector perform” rating and issued a $250.00 price target (down previously from $254.00) on shares of Waste Management in a report on Wednesday. Finally, Truist Financial set a $260.00 price objective on shares of Waste Management in a research report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $250.23.

Waste Management Stock Performance

Shares of NYSE WM opened at $226.33 on Thursday. The stock has a market capitalization of $91.18 billion, a PE ratio of 35.64, a price-to-earnings-growth ratio of 2.48 and a beta of 0.59. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $242.58. The stock has a 50 day moving average price of $216.96 and a 200 day moving average price of $219.14. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.80 and a current ratio of 0.84.

Waste Management (NYSE:WM) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $6.51 billion. Waste Management had a net margin of 10.35% and a return on equity of 33.00%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.96 EPS. Analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a dividend of $0.825 per share. The ex-dividend date was Friday, December 5th. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. Waste Management’s payout ratio is currently 51.97%.

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.