Waste Management is one of the largest waste management companies in the United States, providing a wide range of environmental services to residential, commercial, industrial, and municipal customers. But who actually owns this massive waste management giant?
Institutional investors are the primary owners of Waste Management, holding a majority ownership of the company through the 82.48% of outstanding shares that they control. This level of institutional ownership is higher than at almost any other company in the Environmental Services industry.
Among the major institutional investors at Waste Management are Vanguard Group Inc., BlackRock Inc., and State Street Corp. These investment firms, along with others, hold significant stakes in the company and have a strong influence on its operations and decision-making processes.
Vanguard Group Inc. is the largest institutional investor in Waste Management, owning approximately 10.62% of the outstanding shares. With over $7.2 trillion in assets under management, Vanguard is one of the world’s largest investment companies. Its significant stake in Waste Management reflects its confidence in the company’s long-term prospects and the stability of the waste management industry.
BlackRock Inc., another major institutional investor, holds around 8.67% of the outstanding shares of Waste Management. As the world’s largest asset manager, BlackRock manages over $9 trillion in assets. Its investment in Waste Management demonstrates its belief in the company’s ability to generate strong returns and contribute to sustainable environmental practices.
State Street Corp. is also a significant institutional investor in Waste Management, owning approximately 7.34% of the outstanding shares. With over $3.1 trillion in assets under management, State Street is a global leader in investment management and financial services. Its ownership stake in Waste Management indicates its confidence in the company’s position as a leader in the waste management industry.
While institutional investors hold the majority ownership of Waste Management, it is important to note that there are also individual and retail investors who own shares in the company. However, their ownership stakes are typically much smaller compared to the institutional investors.
Waste Management is primarily owned by institutional investors, with Vanguard Group Inc., BlackRock Inc., and State Street Corp. being the major shareholders. These investment firms have a significant influence on the company’s operations and play a crucial role in shaping its future. As Waste Management continues to provide essential waste management services, its ownership structure reflects the confidence and trust placed in the company by these institutional investors.
Who Bought Out Waste Management?
GFL Environmental, a waste management company, has acquired Advanced Disposal Services. The acquisition deal was initially expected to be worth around $2.9 billion, but it has now been finalized for approximately $300 million less than the original estimate. As part of this acquisition, GFL Environmental has also agreed to purchase several solid waste operations in the United States.
Is Waste Management A Public Or Private Company?
Waste Management is a publicly traded company. This means that the company’s shares are available for purchase by the general public on the stock market. Waste Management is listed on the New York Stock Exchange under the ticker symbol WM. As a public company, Waste Management’s ownership is not limited to a specific group of individuals or organizations. Instead, it is owned by numerous shareholders who own shares of the company’s stock. This allows for greater liquidity and accessibility to investors who wish to buy or sell shares of Waste Management. Being a public company also means that Waste Management is subject to certain regulatory requirements, including regular financial reporting and disclosure obligations.
Is Waste Management Chinese Owned?
Waste Management is currently Chinese-owned. In 2014, Beijing Capital, a Chinese investment firm, acquired Waste Management for $950 million. The acquisition was made from the Australian company Transpacific, which had merged with the New Zealand publicly listed company in 2006. This means that Waste Management is now under the ownership and control of Beijing Capital, a Chinese company.
Who Owns Most Of Waste Management?
Waste Management (WM) is primarily owned by institutional investors, who hold a majority ownership of the company. These investors control a significant portion of WM’s outstanding shares, amounting to approximately 82.48% of the total ownership. This level of institutional ownership is notably higher compared to most other companies in the Environmental Services industry.
Institutional investors are entities such as mutual funds, pension funds, insurance companies, and investment firms that manage large pools of money on behalf of their clients or shareholders. These investors typically have significant financial resources and expertise in various industries, including the Environmental Services sector.
The high level of institutional ownership in WM indicates a strong interest and confidence from these investors in the company’s potential and performance. It also suggests that WM is perceived as a stable and attractive investment opportunity within the Environmental Services industry.
The majority ownership of Waste Management is held by institutional investors, who control around 82.48% of the outstanding shares. This level of ownership is higher than at most other companies in the same industry, underscoring the confidence and interest institutional investors have in the company.
Conclusion
Waste Management is currently owned by GFL Environmental, a waste management company based in Canada. GFL Environmental acquired Waste Management for a lower price than originally anticipated, and as part of the acquisition deal, GFL Environmental also agreed to purchase a number of U.S. solid waste operations. Waste Management stock is traded on the New York Stock Exchange under the ticker symbol NYSE: WM. Prior to being acquired by GFL Environmental, Waste Management was owned by Chinese investment firm Beijing Capital, which purchased the company in 2014 for $950 million from Australian company Transpacific. Institutional investors hold a majority ownership of Waste Management, controlling 82.48% of the outstanding shares. This level of institutional ownership is higher than most other companies in the Environmental Services industry.
