Waste Management (WM) Buy, Sell or Hold

Waste Management (WM)

208.83

-1.27 (0.60%)

as of Oct 9, 2026, 8:00:00 pm Market Open.

114 watching

WEAK BUY

WM vs. WCN Fell last year, and now is picking up steam. It's more of a utility industrial than a cyclical. If you want cyclical, look at CAT or other industrial names. 28x forward earnings for 11% growth, so a bit rich for him. Fundamentally, a great business. Better valuation than WCN and growth is about the same. To choose, he'd pick WM, the larger one.

DON'T BUY

Whole industry is mature and grows through consolidation. A local business, so prices are set by marginally small players. Not an area she's interested in. Other industries have more exciting growth opportunities than by acquisition alone.

COMMENT

Is there a relationship between the hot EV craze, Biden in office now and ESG with WM, America's biggest recycler? Doesn't see a connection. WM makes the most business out of home building and construction, instead. Also in fuel cells and methane, but those just aren't ESG. He likes WM though.

BUY

They just reported a top and bottom beat. It's a bellweather for the entire market.

PAST TOP PICK

(A Top Pick Jul 04/19, Down 11%) Sold last month. Started to underperform the broader S&P. Recycling segment is hurting the company.

BUY ON WEAKNESS

A long-term hold? They hiked the dividend and that's attracted investors, but the price is now too rich to enter. Waste management is a growth sector. He likes it. Wait till the stock pulls back below $110.

PAST TOP PICK

(A Top Pick Jan 23/19, Up 32%) Reliable earnings. High quality, low beta. Pay a bit more, 27x, for high single-digit growth. The defensive part of his barbell approach with growthier names. Yield is 1.8%.

DON'T BUY

A solid waste management company in a defensive sector that is fragmented; this allows WM to buy smaller companies. WM has done well, but it's now too expensive to enter. There's also some cyclicality here, so in a slowdown there may be less garbage from the industrial space.

HOLD

If your time horizon is 5 years, you can hold this name. Valuations tend to be higher, and dividends lower. Industry is ripe for consolidation. Once the services are in place, you just need a little price increase here and there and you get organic growth. Stable.

PAST TOP PICK

(A Top Pick Oct 03/18, Up 32%) Stock's gone up 32%, but fundamentals haven't improved by the same amount. Defensive hold. Somewhat recession-proof. Likes management. Struggling with recycling. China is no longer a big recipient of recycling, but WM is building recycling capacity.

BUY

Recession resilient. Trash is good business, especially when times are tough. We're in late cycle, with a slowdown down the road. Great chart. Higher highs and lows. 25x earnings, low beta, 9% growth. Largest out there right now, and continue to grow by acquisition. (Analysts’ price target is $123.00)

BUY

Garbage is a great business to be in. He owns Waste Connections instead. But you can't go too far wrong with WM.

TOP PICK

Diversified customers in US and Canada. Shareholder friendly. Raised dividend for 16th consecutive year, steady earnings, defensive, low beta. Expensive, but EPS and dividend expected to grow. If we get a slowdown, likes this name. Yield is 1.75% (Analysts’ price target is $115.08)

WAIT

Well positioned in the industry. Good company, and has done well. Doesn't offer value today. Pullback is a precursor to further drop of 5-10%. A significant pullback would be a good opportunity for longer term. (Analysts’ price target is $111.58)

BUY

Would you choose Waste Connections (WCN-T) over it? He owns Waste Management in the US. He likes both names. Valuations are similar. The US company is bigger and he is looking for defensible earnings now.

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Waste Management (WM)