Lombard Odier Asset Management Switzerland SA Raises Stock Position in Waste Management, Inc. $WM

Lombard Odier Asset Management Switzerland SA increased its position in shares of Waste Management, Inc. (NYSE:WM) by 51.3% in the 1st quarter, HoldingsChannel reports. The fund owned 62,135 shares of the business services provider’s stock after acquiring an additional 21,065 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in Waste Management were worth $14,278,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Elevated Capital Advisors LLC purchased a new position in Waste Management in the fourth quarter worth $25,000. RHL Group LLC purchased a new stake in shares of Waste Management during the 4th quarter valued at $29,000. Financial Network Wealth Advisors LLC grew its stake in Waste Management by 55.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after buying an additional 47 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new position in Waste Management during the 4th quarter valued at about $29,000. Finally, JPL Wealth Management LLC purchased a new stake in Waste Management in the third quarter valued at about $30,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Trading Up 0.7%

Shares of NYSE:WM opened at $238.86 on Friday. 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, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The stock has a market cap of $95.92 billion, a price-to-earnings ratio of 34.57, a PEG ratio of 2.90 and a beta of 0.44. The business has a 50-day moving average price of $224.17 and a 200-day moving average price of $227.08.

Waste Management (NYSE:WM) last issued its earnings results on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, beating 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 firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the prior year, the firm earned $1.67 earnings per share. Waste Management’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts predict that Waste Management, Inc. will post 8.16 EPS for the current year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were paid a $0.945 dividend. The ex-dividend date was Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.6%. Waste Management’s dividend payout ratio is presently 54.70%.

Key Stories Impacting Waste Management

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

• Positive Sentiment: Analysts expect WM to report higher revenue and earnings, supported by stronger collection and disposal pricing plus a sharp increase in renewable energy sales. WM Is Set to Report Q2 Earnings: Here’s What Investors Should Know
• Positive Sentiment: WM was highlighted as a stock that can benefit from inflation because its contracts allow it to pass rising costs through to customers, which supports margins and earnings resilience. 2 Stocks Built to Thrive If Inflation Refuses to Fade
• Positive Sentiment: The company was also cited as one of several waste firms using AI to improve efficiency and expand margins, reinforcing the long-term growth narrative. 3 Waste Stocks Turning AI Investments Into Growth
• Neutral Sentiment: Several articles published ahead of earnings focused on Wall Street estimates and key operating metrics, suggesting investors are mainly waiting for the actual Q2 report before making a bigger move. Curious about Waste Management (WM) Q2 Performance? Explore Wall Street Estimates for Key Metrics
• Neutral Sentiment: One broad S&P 500 article mentioned WM among companies worth investigating, but it did not provide a specific new catalyst for the stock. 1 S&P 500 Stock Worth Investigating and 2 Facing Challenges

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Robert W. Baird boosted their price target on Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. JPMorgan Chase & Co. lifted their target price on shares of Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Scotiabank boosted their target price on shares of Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 16th. Citigroup raised their price target on shares of Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, Royal Bank Of Canada lifted their price objective on shares of Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Fifteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $256.74.

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.