Waste Management (WM) has achieved notable growth recently, with shares providing a 122% return for investors over the past five years. The company had impressive Q1 2024 and full-year 2023 earnings and exhibited a steady acceleration of returns. Despite strong performances and becoming the first sustainability-focused partner of MLB, the average rating given by brokerages to WM's stock is a 'Hold'. The addition of new technology for cost optimization and transitioning towards automated sideload trucks indicates innovation within the company. The company is also conducting a rumoured $3 billion sale of its renewable natural gas unit. However, there are concerns about the company's liberal use of temporary staff which reportedly resulted in safety issues. Meanwhile, changes in company debt management and market fluctuations occasionally resulted in stock dips. WM was hailed as a top growth and momentum stock multiple times. A few large stakeholders, owning about 83% of the company, express their confidence in its management.
Waste Management WM News Analytics from Thu, 25 Jan 2024 08:00:00 GMT to Thu, 16 May 2024 19:33:18 GMT -
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