Is the waste management (WM) an undervalued existence?

Diamond Hill Capital, an investment management company, published the fourth quarter of “Large Cap Content Fund” 2024 investor letter. A copy of the letter can be downloaded here. In the fourth quarter, an uneven markets recorded and replaced another strong year for the markets. The stocks rose after the US election in general, but some gave most or all of these profits before the end of the year. Against this background, the portfolio remained the Russell 1000 index in the fourth quarter and for the whole year. In the fourth quarter, the fund returned by -2.00% (net) compared to 2.75% for the index. For the entire year, the fund returned 14.24% compared to 24.51% for the index. In addition, you can check the top 5 components of the strategy to know the best selection in 2024.

In his fourth quarter of 2024 investor letter, Diamond Hill Large Cap Concentrated Fund emphasized stocks such as Waste Management, Inc. (NYSE: WM). Waste Management, Inc. (NYSE: WM) is a waste management company that offers collecting services, including recording and transporting waste and recyclable materials. The one -month return of Waste Management, Inc. (NYSE: WM) was -1.26% and its shares in the past 52 weeks by 6.23% of their value. On March 14, 2025, the Waste Management share, Inc. (NYSE: WM) closed with 224.86 USD per share with a market capitalization of 90.42 billion US dollars.

The fund of Diamond Hill Large Cap Cong Fund gave the following in terms of Waste Management, Inc. (NYSE: WM) in its fourth 2024 investor letter:

“Since the ratings have increased and the economic cycle has become a relatively long time, we carefully thought about where and how we are exposed to cyclical stocks. As such, we only initiated three new positions in the fourth quarter: Berkshire Hathaway, Aon and Waste management, Inc. (NYSE: WM).

Air recording of a waste transfer station that emphasizes the scope of its processes.

Waste Management, Inc. (NYSE: WM) is not on our list of the 30 most popular shares under hedge funds. According to our database, 67 hedge -fund portfolios Waste Management, Inc. (NYSE: WM) held at the end of the fourth quarter, compared to 54 in the third quarter. While we recognize the potential of Waste Management, Inc. (NYSE: WM) as an investment, our conviction is convinced that KI shares have a higher promise for the provision of higher returns and this within a shorter time frame. If you are looking for a AI share that is as promising as Nvidia, which, however, deals with less than five times your profit, read our report on the cheapest AI share.