Casella Waste Systems, Inc. $CWST Stake Lowered by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. trimmed its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 5.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,445 shares of the industrial products company’s stock after selling 5,011 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Casella Waste Systems were worth $9,859,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CWST. Maseco LLP bought a new position in Casella Waste Systems in the 2nd quarter worth approximately $25,000. Ameritas Advisory Services LLC bought a new position in Casella Waste Systems in the 2nd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd grew its holdings in Casella Waste Systems by 325.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 217 shares of the industrial products company’s stock worth $25,000 after buying an additional 166 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Casella Waste Systems by 301.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after buying an additional 184 shares in the last quarter. Finally, AlphaQuest LLC bought a new position in Casella Waste Systems in the 2nd quarter worth approximately $33,000. 99.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CWST has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Casella Waste Systems in a report on Friday. William Blair restated an “outperform” rating on shares of Casella Waste Systems in a research report on Tuesday, July 15th. Raymond James Financial restated a “strong-buy” rating on shares of Casella Waste Systems in a research report on Monday, October 6th. UBS Group cut their target price on Casella Waste Systems from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, October 16th. Finally, Stifel Nicolaus began coverage on Casella Waste Systems in a research report on Monday, September 29th. They issued a “buy” rating and a $113.00 target price for the company. 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 issued a Sell rating to the stock. According to MarketBeat, Casella Waste Systems has a consensus rating of “Moderate Buy” and a consensus price target of $112.38.

Casella Waste Systems Price Performance

Shares of NASDAQ:CWST opened at $88.49 on Monday. Casella Waste Systems, Inc. has a one year low of $84.50 and a one year high of $121.24. The stock has a fifty day moving average of $92.49 and a 200-day moving average of $105.76. The company has a market capitalization of $5.62 billion, a PE ratio of 491.61 and a beta of 0.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 1.70.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%.The company had revenue of $465.33 million during the quarter, compared to the consensus estimate of $454.01 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The company’s quarterly revenue was up 23.4% compared to the same quarter last year. Casella Waste Systems has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

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.