Waste Management (WM) continues to prove a valuable asset within any portfolio with its strong performance in the market despite a reported minor dip of 0.91%. The company recently revealed plans to acquire
Stericycle, a significant player in
Medical Waste Services, for a whopping $7.2 Billion, resulting in increased focus from investors. Analysts and asset management companies such as
Occudo Quantitative Strategies LP and
Scarborough Advisors LLC have increased their stock holdings, while others like
TKG Advisors and
Chicago Partners Investment Group have reduced their shares slightly. The acquisition of Stericycle, operating in the ever-green health industry, is expected to boost sustainability and push forward WM's ESG. As a result, WM forecasts record profits for FY2024, supported by an impressive 29% gain in WM shares in the past year. The company's capital return growth currently seems to have stalled, but analysts predict this is transient and an opportunity awaits. Institutional investors control a considerable 83% of the company, which shows strong confidence in its direction and growth potential.
Waste Management WM News Analytics from Mon, 12 Feb 2024 08:00:00 GMT to Sun, 16 Jun 2024 14:00:54 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 3
