5 Best Waste Management Stocks to Buy Now

2. Waste Management, Inc. (NYSE:WM)

Number of Hedge Fund Holders: 39

Waste Management, Inc. (NYSE:WM) provides environmental solutions in the United States and Canada. The company’s services include waste and recyclable material collection, involving the pickup and transportation of these materials from their source to facilities like transfer stations, material recovery facilities, or disposal sites. It is one of the best waste management stocks. On November 7, Waste Management, Inc. (NYSE:WM) declared a $0.70 per share quarterly dividend, in-line with previous. It is to be paid on December 15 to shareholders of record as of December 1.

According to Insider Monkey’s second quarter database, 39 hedge funds were bullish on Waste Management, Inc. (NYSE:WM), compared to 43 funds in the last quarter. Michael Larson’s Bill & Melinda Gates Foundation Trust is the leading position holder in the company, with over 35.2 million shares valued at $6.1 billion.

Here is what Diamond Hill Large Cap Fund has to say about Waste Management, Inc.(NYSE:WM) in its Q1 2022 investor letter:

“We also initiated a position in Waste Management (NYSE:WM), one of the largest providers of waste collection services in the US. We believe it is a high-quality business with ownership of key landfill assets that provide pricing power over the long term. Its stock was trading at a discount to our estimate of intrinsic value due to short-term market concerns over an increase in growth investments—we expect these investments to be value-creating over the long term.”