Waste Management Stock Rises 31% in a Year: What You Should Know

Waste Management, Inc. WM has had an impressive run over the past year. The stock has gained 31%, closely aligning with its industry and the Zacks S&P 500 composite’s 32.5% and 30.9% growth, respectively.Steady Revenues, Acquisitions and Dividends Diving WM StockAlthough we typically dispose of waste, the reverse often holds for stocks of companies that manage waste. Waste Management exemplifies this dynamic, offering steady returns and low volatility that appeal to long-term investors. As a leader in the waste management industry, WM benefits from a stable demand for its services, which are essential regardless of economic conditions.Waste Management, Inc. Price Waste Management, Inc. price | Waste Management, Inc. QuoteThe company’s robust waste collection, recycling, and disposal infrastructurecreates a steady revenue stream, making it a dependable investment option during market fluctuations. Additionally, WM has embraced sustainability initiatives and innovation, such as converting landfill gas into renewable energy, which solidifies its growth prospects and positions it as a leader in the green economy. These efforts align with global shifts toward environmentally responsible practices, attracting ESG-focused investors.Waste Management recently completedits previously announced Stericycle acquisition. This move represents one of the largest acquisitions in the waste management space and will reinforce WM's position as one of the largest waste collectors in the United States. The acquisition adds complementary business platforms to enhance WM’s comprehensive waste and environmental solutions.Waste Management has demonstrated a remarkable commitment to rewarding its shareholders, maintaining a consistent dividend payment record since 1998. This consistency has persisted despite fluctuations in the company’s cash position, underscoring its dedication to creating long-term value for investors. The company has paid $970 million, $1.1 billion and $1.14 billion in dividends during 2021, 2022 and 2023, respectively.Zacks Rank and Stocks to ConsiderWaste Management currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks are RB Global, Inc. RBA and EVERTEC EVTC.RB Global carries a Zacks Rank of 2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.RBA has a long-term earnings growth expectation of 10.6%. It delivered a trailing four-quarter earnings surprise of 16.3%, on average.EVERTEC carries a Zacks Rank of 2 at present. It has a long-term earnings growth expectation of 8.6%. EVTC delivered a trailing four-quarter earnings surprise of 10.2%, on average.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Waste Management, Inc. (WM): Free Stock Analysis Report RB Global, Inc. (RBA): Free Stock Analysis Report Evertec, Inc. (EVTC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks