Waste Management, based in Houston, Texas, is the leading provider of comprehensive waste management environmental services in North America, providing services throughout the United States and Canada. Through its subsidiaries, the Company provides collection, transfer, disposal services, and recycling and resource recovery. It is also a leading developer, operator, and owner of landfill gas-to-energy facilities in the United States. The Company's customers include residential, commercial, industrial, and municipal customers throughout North America.

Company profile
Ticker
WM
Exchange
Website
CEO
James Fish
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
USA WASTE SERVICES INC
SEC CIK
Corporate docs
Subsidiaries
635952 Ontario Inc. • ADS Renewable Energy • ADS Solid Waste of NJ, Inc. • Advanced Disposal Acquisition Sub, LLC • Advanced Disposal Recycling Services Atlanta, LLC • Advanced Disposal Recycling Services Gulf Coast, LLC • Advanced Disposal Services Alabama Holdings, LLC • Advanced Disposal Services Alabama, LLC • Advanced Disposal Services Biloxi MRF, LLC • Advanced Disposal Services Birmingham, Inc. ...
IRS number
731309529
WM stock data
News

$1000 Invested In This Stock 10 Years Ago Would Be Worth $4,800 Today
5 Aug 22
Expert Ratings for Waste Management
28 Jul 22
Waste Management's Return On Capital Employed Insights
28 Jul 22
RBC Capital Maintains Sector Perform on Waste Management, Raises Price Target to $169
28 Jul 22
Raymond James Maintains Outperform on Waste Management, Raises Price Target to $173
28 Jul 22
Press releases
Renewable Gasoline Company Bluescape Clean Fuels, LLC to Become Publicly Traded on NASDAQ via Business Combination with CENAQ Energy Corp. and be renamed Verde Clean Fuels, LLC
12 Aug 22
The Gross Law Firm Announces Class Actions on Behalf of Shareholders of WM, TGTX and WEBR
8 Aug 22
WASTE MANAGEMENT, INC. (NYSE: WM) CLASS ACTION ALERT: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Waste Management, Inc. (NYSE: WM)
8 Aug 22
CLASS ACTION UPDATE for WM, MOLN and MF: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
8 Aug 22
FINAL DEADLINE REMINDER: The Schall Law Firm Encourages Investors in Waste Management, Inc. with Losses of $100,000 to Contact the Firm
8 Aug 22
Analyst ratings and price targets
Current price
Average target
$170.20
Low target
$165.00
High target
$175.00
RBC Capital
Maintains
$169.00
Raymond James
Maintains
$173.00
Morgan Stanley
Maintains
$175.00
BMO Capital
Maintains
$169.00
Calendar
27 Jul 22
12 Aug 22
31 Dec 22
Financial summary
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Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
11 Aug 22 | Michael J. Watson | Common Stock | Sell | Dispose S | No | No | 169.8274 | 8,971 | 1.52M | 32,220.963 |
11 Aug 22 | Michael J. Watson | Common Stock | Option exercise | Acquire M | No | No | 85.34 | 3,528 | 301.08K | 41,191.963 |
11 Aug 22 | Michael J. Watson | Common Stock | Option exercise | Acquire M | No | No | 73.335 | 5,443 | 399.16K | 37,663.963 |
11 Aug 22 | Michael J. Watson | Stock Option Common Stock | Option exercise | Dispose M | No | No | 73.335 | 5,443 | 399.16K | 0 |
11 Aug 22 | Michael J. Watson | Stock Option Common Stock | Option exercise | Dispose M | No | No | 85.34 | 3,528 | 301.08K | 0 |
9 Aug 22 | John J Morris | Common Stock | Sell | Dispose S | No | No | 169.8247 | 22,795 | 3.87M | 95,461 |
9 Aug 22 | John J Morris | Common Stock | Option exercise | Acquire M | No | No | 110.81 | 8,889 | 984.99K | 118,256 |
9 Aug 22 | John J Morris | Common Stock | Option exercise | Acquire M | No | No | 126.005 | 13,906 | 1.75M | 109,367 |
9 Aug 22 | John J Morris | Stock Option Common Stock | Option exercise | Dispose M | No | No | 110.81 | 8,889 | 984.99K | 17,778 |
9 Aug 22 | John J Morris | Stock Option Common Stock | Option exercise | Dispose M | No | No | 126.005 | 13,906 | 1.75M | 13,907 |
Institutional ownership, Q1 2022
79.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1580 |
Opened positions | 103 |
Closed positions | 148 |
Increased positions | 598 |
Reduced positions | 575 |
13F shares | Current |
---|---|
Total value | 48.54B |
Total shares | 327.25M |
Total puts | 1.19M |
Total calls | 1.49M |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 35.31M | $5.6B |
BLK Blackrock | 30.62M | $4.85B |
Cascade Investment, L.L.C. | 18.63M | $0 |
Bill & Melinda Gates Foundation Trust | 18.63M | $2.95B |
STT State Street | 18.48M | $2.93B |
Geode Capital Management | 6.87M | $1.09B |
AMP Ameriprise Financial | 6.07M | $960.82M |
Lazard Asset Management | 6.02M | $953.51M |
Nordea Investment Management Ab | 5.53M | $889.81M |
Capital Research Global Investors | 4.95M | $784.12M |
Financial report summary
?Competition
QSAM Biosciences • Waste Connections • Ameresco • PureBase • BioCrude Technologies USA • US EcologyRisks
- If we fail to implement our business strategy, our financial performance and our growth could be materially and adversely affected.
- Our operations must comply with extensive existing regulations, and changes in regulations and/or enforcement of regulations can restrict or alter our operations, increase our operating costs, increase our tax rate, or require us to make additional capital expenditures.
- Our business is subject to operational and safety risks, including the risk of personal injury to employees and others.
- We may be unable to obtain or maintain required permits or expand existing permitted capacity of our landfills, which could decrease our revenue and increase our costs.
- If we are unable to attract, hire or retain key team members and a high-quality workforce, or if our succession planning does not develop an adequate pipeline of future leaders, it could disrupt our business, jeopardize our strategic priorities and result in increased costs, negatively impacting our results of operations.
- Our business depends on our reputation and the value of our brand.
- We have made significant investments in an extensive natural gas truck fleet, which makes us partially dependent on the availability of natural gas and fueling infrastructure and vulnerable to natural gas prices, and requirements to transition to other vehicle types could impair these investments.
- Increases in our labor costs as a result of labor unions organizing, changes in regulations related to labor unions or increases in employee minimum wages, could adversely affect our future results.
- The seasonal nature of our business, severe weather events resulting from climate change and event driven special projects cause our results to fluctuate, and prior performance may not be indicative of our future results.
- The COVID-19 global pandemic has caused a significant disruption in social and commercial activity throughout North America, and the continuation of the COVID-19 pandemic, or other similar pandemic conditions, may have a material adverse impact on our business, financial condition, results of operations and cash flows.
- The waste industry is highly competitive, and if we cannot successfully compete in the marketplace, our business, financial condition and operating results may be materially adversely affected.
- Our revenues, earnings and cash flows will fluctuate based on changes in commodity prices, and commodity prices for recyclable materials are particularly susceptible to volatility based on regulations and tariffs that affect our ability to export products.
- Increasing customer preference for alternatives to landfill disposal and bans on certain types of waste could reduce our landfill volumes and cause our revenues and operating results to decline.
- General economic conditions can directly and adversely affect revenues for environmental services and our income from operations margins.
- Weakness in the economy may expose us to credit risk of governmental entities and municipalities and other major customers, which could negatively impact our financial results.
- The Company’s effective tax rate and tax liability could materially change as a result of the adoption of new tax legislation and other factors.
- Significant shortages in diesel fuel supply or increases in diesel fuel prices will increase our operating expenses.
- Developments in technology could trigger a fundamental change in the waste management industry, as waste streams are increasingly viewed as a resource, which may adversely impact volumes at our landfills and our profitability.
- If we are not able to develop new service offerings and protect intellectual property or if a competitor develops or obtains exclusive rights to a breakthrough technology, our financial results may suffer.
- We are increasingly dependent on technology in our operations and if our technology fails, our business could be adversely affected.
- Significant cybersecurity incidents negatively impact our business and our relationships with customers, vendors and employees and expose us to increased liability.
- Our operations are subject to environmental, health and safety laws and regulations, as well as contractual obligations that may result in significant liabilities.
- The impact of climate change, and the adoption of climate change legislation or regulations restricting emissions of greenhouse gases, could increase our costs to operate.
- We could be subject to significant fines and penalties, and our reputation could be adversely affected, if our businesses, or third parties with whom we have a relationship, were to fail to comply with U.S. or foreign laws or regulations.
- Currently pending or future litigation or governmental proceedings could result in material adverse consequences, including judgments or settlements.
- Our capital requirements and our business strategy could increase our expenses, cause us to change our growth and development plans, or result in an inability to maintain our desired credit profile.
- We have substantial financial assurance and insurance requirements and increases in the costs of obtaining adequate financial assurance, or the inadequacy of our insurance coverages, could negatively impact our liquidity and increase our liabilities.
- We may record material charges against our earnings due to impairments to our assets.
- We could face significant liabilities for withdrawal from Multiemployer Pension Plans.
Management Discussion
- We evaluate, oversee and manage the financial performance of our Solid Waste business subsidiaries through our East and West Tiers. We also provide additional services that are not managed through our Solid Waste business, including both our Strategic Business Solutions (“WMSBS”) and Sustainability and Environmental Solutions (“SES”) businesses,
- recycling brokerage services, landfill gas-to-energy services and certain other expanded service offerings and solutions. The mix of operating revenues from our major lines of business is reflected in the table below (in millions):
- Collection and Disposal Average Yield — This measure reflects the effect on our revenue from the pricing activities of our collection, transfer and landfill operations, exclusive of volume changes. Revenue growth from collection and disposal average yield includes not only base rate changes and environmental and service fee fluctuations, but also (i) certain average price changes related to the overall mix of services, which are due to the types of services provided; (ii) changes in average price from new and lost business and (iii) price decreases to retain customers.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
|
New words:
accordion, administered, annum, Bank, coordinator, dollar, ESG, exceed, flat, forward, illustrating, immaterial, inclusive, Loan, mechanism, moderated, objected, overnight, post, pro, Quebec, rata, reliability, SES, slightly, SOFR, trend, usage
Removed:
drove, EES, escrow, improved, November, profitability, terminated
Financial reports
Current reports
8-K
Robust Organic Revenue Growth Drives Strong Income from Operations Performance
27 Jul 22
8-K
Entry into a Material Definitive Agreement
2 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
13 May 22
8-K
Entry into a Material Definitive Agreement
3 May 22
8-K
Strong Operational Performance Drives Double-Digit Growth in Revenue, Operating EBITDA and Net Cash Provided by Operating Activities
26 Apr 22
8-K
Departure of Directors or Certain Officers
7 Mar 22
8-K
Full-Year Results Delivered Record Revenue, Income from Operations and Net Cash Provided by Operating Activities
2 Feb 22
8-K
WM Announces Third Quarter Earnings
26 Oct 21
8-K
WM Announces Second Quarter Earnings
27 Jul 21
8-K
Submission of Matters to a Vote of Security Holders
13 May 21
Registration and prospectus
424B5
Prospectus supplement for primary offering
29 Apr 22
FWP
Free writing prospectus
28 Apr 22
424B3
Prospectus supplement
28 Apr 22
S-3ASR
Automatic shelf registration
26 Apr 22
424B5
Prospectus supplement for primary offering
29 Apr 21
FWP
Free writing prospectus
28 Apr 21
424B3
Prospectus supplement
28 Apr 21
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Mar 21
S-8
Registration of securities for employees
1 Mar 21
424B5
Prospectus supplement for primary offering
9 Nov 20
Proxies
DEFA14A
Additional proxy soliciting materials
29 Mar 22
DEFA14A
Additional proxy soliciting materials
31 Mar 21
DEFA14A
Additional proxy soliciting materials
17 Apr 20
DEFA14A
Additional proxy soliciting materials
27 Mar 20
DEFA14A
Additional proxy soliciting materials
27 Mar 19
DEF 14A
Definitive proxy
27 Mar 19
DEFA14A
Additional proxy soliciting materials
12 Apr 18
Other
UPLOAD
Letter from SEC
29 Mar 22
CORRESP
Correspondence with SEC
28 Mar 22
UPLOAD
Letter from SEC
21 Mar 22
UPLOAD
Letter from SEC
29 Jul 18
CORRESP
Correspondence with SEC
12 Jul 18
UPLOAD
Letter from SEC
8 Jul 18
UPLOAD
Letter from SEC
30 Aug 16
CORRESP
Correspondence with SEC
17 Aug 16
CORRESP
Correspondence with SEC
31 Jul 16
UPLOAD
Letter from SEC
28 Jul 16
Ownership
4
WASTE MANAGEMENT / Michael J. Watson ownership change
12 Aug 22
4
WASTE MANAGEMENT / John J Morris ownership change
10 Aug 22
4
WASTE MANAGEMENT / Charles C Boettcher ownership change
8 Aug 22
4
WASTE MANAGEMENT / James C Fish Jr ownership change
2 Aug 22
4
WASTE MANAGEMENT / THOMAS H WEIDEMEYER ownership change
19 Jul 22
4
WASTE MANAGEMENT / Maryrose Sylvester ownership change
19 Jul 22
4
WASTE MANAGEMENT / JOHN C POPE ownership change
19 Jul 22
4
WASTE MANAGEMENT / WILLIAM B PLUMMER ownership change
19 Jul 22
4
WASTE MANAGEMENT / SEAN E MENKE ownership change
19 Jul 22
4
WASTE MANAGEMENT / KATHLEEN M MAZZARELLA ownership change
19 Jul 22
Patents
Utility
Rapidly Cooling Composite Mats Comprised of Cellulose and Thermoplastic Polymer after Hot-pressing
11 Aug 22
In accordance with some aspects of the present disclosure, a method producing a composite board comprising plastic and cellulose is described.
Utility
System and method for waste compactor remote control and monitoring
12 Jul 22
A system and method including a control/monitoring unit that is either integrated with or exterior-mounted on a waste compactor are provided.
Utility
System and method for optimizing waste / recycling collection and delivery routes for service vehicles
12 Jul 22
A system and method for optimizing waste or recycling routes for one or more service vehicles are disclosed.
Utility
Determining Plastic or Cellulose Levels In Composites
30 Jun 22
In accordance with some aspects of the present disclosure, a system is disclosed.
Utility
System and Process for Recovering Methane and Carbon Dioxide from Biogas and Reducing Greenhouse Gas Emissions
28 Apr 22
Various illustrative embodiments of a system and process for recovering high-quality biomethane and carbon dioxide product streams from biogas sources and utilizing or sequestering the product streams are provided.
Transcripts
2022 Q2
Earnings call transcript
27 Jul 22
2022 Q1
Earnings call transcript
26 Apr 22
2022 Q3
Earnings call transcript
8 Mar 22
2021 Q4
Earnings call transcript
2 Feb 22
2021 Q3
Earnings call transcript
26 Oct 21
2021 Q2
Earnings call transcript
27 Jul 21
2021 Q1
Earnings call transcript
27 Apr 21
2020 Q4
Earnings call transcript
18 Feb 21
2020 Q3
Earnings call transcript
2 Nov 20
2020 Q3
Earnings call transcript
2 Nov 20
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