Waste Management (WM) has been consistently performing well over the years with an 88% increase in its stock value over the last five years. The company, favoured by institutional owners, holds 83% of the company's stock. Recently, QRG Capital Management Inc. bought an additional 487 shares of WM. It has successfully closed several notable deals, including the acquisition of Winters Bros. Waste Systems and Stericycle in a $7.2 billion deal. It also reported an earnings growth in the second quarter of 2024. It has been efficiently managing cost savings and strong EBITDA margins, translating it into positive Q1 results. It is reportedly exploring the energy sector divestment and even considering the sale of its renewable natural gas unit. WM demonstrated its commitment to sustainability by hosting a free waste drop-off event for its Atascadero customers and is set to boost its ESG profile further with the Stericycle acquisition. Despite the strong performance, WM stock faced a slump due to factors not specified.
Waste Management WM News Analytics from Mon, 05 Feb 2024 08:00:00 GMT to Sun, 11 Aug 2024 12:47:01 GMT - Rating 9 - Innovation 7 - Information 6 - Rumor -4