Waste Management (WM), a leading firm in waste management services, is gaining attention from both institutional and individual investors, marked by several major asset management companies increasing their stock holdings. Groups such as Mirae Asset Global Investments, Mission Wealth Management, and Azzad Asset Management have expanded their portfolio with WM shares, emphasizing strong institutional backing with 83% ownership.
In a significant move, WM looks to explore the lucrative sale of its renewable natural gas unit for $3 billion. Moreover, WM is set to acquire Stericycle, a leader in medical waste services, in a $7.2 billion deal, aimed to enhance the company's growth and competency. The company reported strong Q4 and Full-Year 2023 earnings, demonstrating excellent financial performance. WM also anticipates a positive Q1 2024 outcome, revealing a robust revenue and earnings growth. Showing resilience amid market fluctuations, WM shares have reported an upward trend, even as some markets have dipped. The anticipation of record profits for FY2024 also raises high hopes for the company's future performance.
Waste Management WM News Analytics from Wed, 07 Feb 2024 08:00:00 GMT to Sun, 07 Jul 2024 14:54:46 GMT -
Rating 8
- Innovation 6
- Information 9
- Rumor 4
