Mutual of America Capital Management LLC Has $5.32 Million Stock Position in Casella Waste Systems, Inc. $CWST

Mutual of America Capital Management LLC boosted its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 9.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,106 shares of the industrial products company’s stock after purchasing an additional 3,919 shares during the period. Mutual of America Capital Management LLC’s holdings in Casella Waste Systems were worth $5,320,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CWST. GAMMA Investing LLC raised its holdings in Casella Waste Systems by 138.6% during the first quarter. GAMMA Investing LLC now owns 1,303 shares of the industrial products company’s stock valued at $145,000 after buying an additional 757 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Casella Waste Systems by 12.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 90,456 shares of the industrial products company’s stock valued at $10,087,000 after buying an additional 10,099 shares in the last quarter. Valmark Advisers Inc. raised its holdings in Casella Waste Systems by 4.5% during the first quarter. Valmark Advisers Inc. now owns 15,146 shares of the industrial products company’s stock valued at $1,689,000 after buying an additional 647 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in Casella Waste Systems by 12.8% during the first quarter. Asset Management One Co. Ltd. now owns 170,703 shares of the industrial products company’s stock valued at $18,987,000 after buying an additional 19,413 shares in the last quarter. Finally, WoodTrust Financial Corp bought a new position in Casella Waste Systems during the first quarter valued at about $251,000. 99.51% of the stock is currently owned by institutional investors.

Casella Waste Systems Trading Up 1.5%

Casella Waste Systems stock opened at $87.22 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 1.70. The business’s 50-day simple moving average is $93.05 and its 200-day simple moving average is $106.09. The firm has a market capitalization of $5.54 billion, a PE ratio of 484.56 and a beta of 0.84. Casella Waste Systems, Inc. has a 52 week low of $84.50 and a 52 week high of $121.24.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. The business had revenue of $465.33 million for the quarter, compared to analyst estimates of $454.01 million. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%.The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 earnings per share. Casella Waste Systems has set its FY 2025 guidance at EPS. Equities research analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CWST has been the topic of several recent research reports. Loop Capital upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Friday, September 19th. Weiss Ratings restated a “sell (d+)” rating on shares of Casella Waste Systems in a report on Wednesday, October 8th. Barclays started coverage on Casella Waste Systems in a research note on Friday, September 19th. They issued an “underweight” rating and a $88.00 price objective on the stock. Stifel Nicolaus started coverage on Casella Waste Systems in a research note on Monday, September 29th. They issued a “buy” rating and a $113.00 price objective on the stock. Finally, UBS Group dropped their price objective on Casella Waste Systems from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Casella Waste Systems currently has an average rating of “Moderate Buy” and a consensus price target of $112.38.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.