WM stock is having a huge surge in large players volume over the last few days from January 24th to 28th, 2022. Do well-connected large players know something we don’t about the upcoming quarterly report on February 2, 2022?
WM, Tailwater Capital Announce Joint Venture to Grow Continuus Materials Production Facilities
On January 13, 2022, WM Organic Growth, a wholly-owned subsidiary of Waste Management, Inc. (NYSE:WM), and Tailwater Capital LLC announced the closing of a joint venture that provides financial, commercial, and operational support to Continuus Materials to assist the company with scaling production facilities within the waste-to-product industry. Financial terms of the joint venture were not disclosed.
Continuus Materials develops and operates manufacturing facilities that upcycle plastic and fiber materials from municipal solid waste into Everboard™, a proprietary, high-performance, low-slope roof cover board. Continuus Materials’ process reduces landfill waste and will generate significantly lower life-cycle greenhouse gas emissions than competing products made from traditional materials.
“At WM, we are unlocking impactful sustainable solutions as we move toward a more circular economy, and the Continuus Materials business is one example of what we’re aiming to achieve,” said Jim Fish, president and chief executive officer, WM. “Continuus Materials brings an innovative solution that recovers recyclable materials in addition to materials that cannot otherwise be recycled and gives them a new, purposeful life. We look forward to working together with Tailwater Capital to grow the Continuus Materials business while achieving a shared goal of reducing waste.”
The joint venture enables Continuus Materials to develop additional facilities at WM sites and launch its first full-scale municipal solid waste-to-Everboard™ production plant. Once fully operational, the plant is expected to produce more than 150 million square feet of Everboard™ annually within the first three years. Currently, Continuus Materials supplies Everboard™ to a range of commercial customers, including large national retail chains, industrial manufacturing facilities and distribution centers.
“We are pleased to join together with WM and the Continuus Materials team to support a visionary business that is committed to extracting valuable new products from existing waste streams,” said Edward Herring, co-founder and managing partner, Tailwater Capital. “This joint venture is an extension of Tailwater’s long track record and continued focus on identifying opportunities to implement sustainable solutions across the recycling and byproduct supply chain.”
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. To learn more information about Waste Management, visit https://www.wm.com
Dallas-based Tailwater Capital is a growth-oriented energy and growth infrastructure private equity firm with a well-established track record of working constructively with proven management teams to deliver value-added solutions. Tailwater has raised more than $3.7 billion in committed capital since inception and the team has executed more than 100 transactions representing over $22 billion in value. For more information, please visit https://www.tailwatercapital.com
WM Sets Date for Fourth Quarter and Full-Year Earnings Release Conference Call
Waste Management, Inc. (NYSE: WM) announced that it will release fourth quarter and full-year 2021 financial results before the opening of the market on Wednesday, Feb. 2, 2022. Following the release, WM will host its investor conference call at 10 a.m. ET.
A live audio webcast of the conference call can be accessed by visiting investors.wm.com and selecting “Events & Presentations” from the website menu. Alternatively, listeners may access the call by dialing 877-710-6139 (US/Canada) or 706-643-7398 (International) and entering passcode 4865157.
A replay of the call will be available through Feb. 16. To hear a replay of the call over the internet, access the “Events & Presentations” section on investors.wm.com. To hear a telephonic replay of the call, dial 855-859-2056 or 404-537-3406, and enter passcode 4865157.
The Company participates in investor presentations and conferences throughout the year. Interested parties can find a schedule of these conferences at investors.wm.com by selecting “Events & Presentations.”
Waste Management authorizes $1.5B stock buyback, raises quarterly dividend 13%
On December 9, 2021, Waste Management announced that its Board of Directors has approved a 13% increase in the planned quarterly dividend rate for 2022, from 57.5c to 65c per share. On an annual basis, the dividend rate increases from $2.30 to $2.60. This will mark the nineteenth consecutive year that the company has increased its per share dividend. The company also received authorization from its Board of Directors to repurchase up to $1.5B of the company’s common stock. “The resiliency and exceptional cash generation of our business model has been on full display over the last several years. The pace of free cash flow growth in our business has exceeded expectations and positioned us to return more than $3.5 billion to shareholders since the end of 2019. Our confidence in our business model and outlook positions us to plan the largest dividend increase we have had in nearly two decades,” said Jim Fish, President and Chief Executive Officer of Waste Management, Inc. “Additionally, our Board increased our share repurchase authorization, further demonstrating confidence in the Company’s cash flow generation and disciplined allocation of available cash.”
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📉 WM Stock Technical Analysis
The long-term trend is neutral, but the short-term trend is negative. WM is part of the Commercial Services & Supplies industry. There are 101 other stocks in this industry. WM outperforms 82% of them. WM is currently trading in the middle of its 52-week range. This is in line with the S&P500 Index, which is also trading in the middle of its range. Volume is considerably higher in the last couple of days.
There is a support zone ranging from 146.24 to 147.89. This zone is formed by a combination of multiple trend lines in multiple time frames. There is support at 133.22 from a trend line in the weekly time frame. There is also support at 128.40 from a trend line in the weekly time frame.
There is a resistance zone ranging from 164.42 to 166.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
WM has a poor technical rating and the quality of the setup is also not perfect at the moment. WM stock has a Setup Rating of 4 out of 10. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first. Click here to sign up for email alerts on when WM stock consolidates and has a Setup Rating of 8 or higher.