The highlighted articles provide a detailed overview of the latest events and developments related to Waste Management (WM). The stock has experienced a dip and ascension despite market fluctuations, met Q2 earnings estimates, demonstrated stellar 5-year returns, and is favored by institutional owners holding 83% of the company. WM closed mature material recovery facilities (MRFs) in Maryland, and is investing heavily in its Denver East sorting center and Ontario MRFs under Canadian EPR program. Underscoring its commitment to growth, WM announced plans to purchase Stericycle for $7.2 billion and completed the acquisition of Winters Bros Waste Systems. It tackled post-hurricane Milton challenges, revised waste collection schedules and displayed strategic growth in medical business, making Stericycle deal an attractive fit. WM’s proposed waste transfer station received pushback from Akron residents, hence continuous dialogues are happening. Earnings for Q1 and Q2 came close to and met estimates respectively yet it showed strong M&A activities with a 6.8% core price. WM appears solid for long term growth, albeit oppositions to certain initiatives and concerns around debt usage. WM also invested extensively in renewable natural gas and made significant strides for sustainability.
Waste Management WM News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Sat, 19 Oct 2024 10:15:00 GMT - Rating 6 - Innovation 7 - Information 8 - Rumor -4
