Waste Management (WM) Rose on Strong Operational Results

Impax Asset Management, an investment management company, released its “Impax Global Environmental Markets Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. The MSCI All Country World Index (MSCI ACWI), which measures global equities, declined in Q1 as the strength turned negative due to uncertainty surrounding US tariffs. The strategy declined and slightly underperformed its primary benchmark, the MSCI ACWI, during the quarter. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its first-quarter 2025 investor letter, Impax Global Environmental Markets Fund highlighted stocks such as Waste Management, Inc. (NYSE:WM). Waste Management, Inc. (NYSE:WM) is a waste management company that offers collection services, including picking up and transporting waste and recyclable materials. The one-month return of Waste Management, Inc. (NYSE:WM) was 1.63%, and its shares gained 12.83% of their value over the last 52 weeks. On May 29, 2025, Waste Management, Inc. (NYSE:WM) stock closed at $237.76 per share with a market capitalization of $95.677 billion.

Impax Global Environmental Markets Fund stated the following regarding Waste Management, Inc. (NYSE:WM) in its Q1 2025 investor letter:

“Waste Management, Inc. (NYSE:WM) (General Waste Management, US) advanced higher during the period, driven by strong operational results which included record margins from its core collection and disposal business. The company remains well positioned to benefit from further pricing gains, contributions from sustainability investments, and synergies from the 2024 Stericycle acquisition.”

"Yeah, These Are Timeless." – Jim Cramer Calls Waste Management, Inc. (WM) a Forever Stock

Aerial view of a Waste Management Transfer Station, highlighting the scale of its operations.

Waste Management, Inc. (NYSE:WM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 66 hedge fund portfolios held Waste Management, Inc. (NYSE:WM) at the end of the first quarter, which was 67 in the previous quarter. While we acknowledge the potential of Waste Management, Inc. (NYSE:WM) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains.

In another article, we covered Waste Management, Inc. (NYSE:WM) and shared the list of best stocks to buy according to the Bill & Melinda Gates Foundation Trust. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.