Waste Management
About: WM ranks as the largest integrated provider of traditional solid waste services in the United States, operating 263 active landfills and about 332 transfer stations. The company serves residential, commercial, and industrial end markets and is also a leading recycler in North America.
Employees: 48,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
10% more repeat investments, than reductions
Existing positions increased: 756 | Existing positions reduced: 685
3% less funds holding
Funds holding: 1,964 [Q2] → 1,903 (-61) [Q3]
3.55% less ownership
Funds ownership: 82.45% [Q2] → 78.9% (-3.55%) [Q3]
8% less capital invested
Capital invested by funds: $70.5B [Q2] → $65.2B (-$5.33B) [Q3]
25% less call options, than puts
Call options by funds: $259M | Put options by funds: $347M
30% less funds holding in top 10
Funds holding in top 10: 50 [Q2] → 35 (-15) [Q3]
34% less first-time investments, than exits
New positions opened: 120 | Existing positions closed: 181
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Oppenheimer Noah Kaye 89% 1-year accuracy 54 / 61 met price target | 6%upside $231 | Outperform Maintained | 5 Nov 2024 |
Argus Research David Coleman 38% 1-year accuracy 3 / 8 met price target | 10%upside $240 | Buy Maintained | 31 Oct 2024 |
Morgan Stanley Jeffrey Goldstein 0 / 0 met price target | 4%upside $227 | Equal-Weight Maintained | 30 Oct 2024 |
CIBC Kevin Chiang 20% 1-year accuracy 1 / 5 met price target | 5%upside $228 | Neutral Maintained | 30 Oct 2024 |
RBC Capital Sabahat Khan 100% 1-year accuracy 14 / 14 met price target | 1%upside $220 | Sector Perform Maintained | 30 Oct 2024 |
Financial journalist opinion
Based on 27 articles about WM published over the past 30 days
