IQ EQ FUND MANAGEMENT IRELAND Ltd Has $1.46 Million Position in Casella Waste Systems, Inc. $CWST

IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 8.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 12,646 shares of the industrial products company’s stock after buying an additional 986 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Casella Waste Systems were worth $1,459,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Teacher Retirement System of Texas lifted its holdings in Casella Waste Systems by 2.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 13,592 shares of the industrial products company’s stock worth $1,568,000 after buying an additional 317 shares during the period. AlphaQuest LLC acquired a new position in Casella Waste Systems during the 2nd quarter worth about $33,000. Caitong International Asset Management Co. Ltd lifted its holdings in Casella Waste Systems by 325.5% during 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 during the period. Liberty One Investment Management LLC lifted its holdings in Casella Waste Systems by 7.8% during the 2nd quarter. Liberty One Investment Management LLC now owns 1,964 shares of the industrial products company’s stock worth $227,000 after buying an additional 142 shares during the period. Finally, Salomon & Ludwin LLC acquired a new position in Casella Waste Systems during the 2nd quarter worth about $335,000. 99.51% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems Stock Performance

Shares of CWST opened at $87.91 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 stock has a 50 day moving average price of $92.08 and a two-hundred day moving average price of $105.42. The firm has a market capitalization of $5.58 billion, a P/E ratio of 488.39 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 issued 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 firm had revenue of $465.33 million during 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 company’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 EPS. Casella Waste Systems has set its FY 2025 guidance at EPS. Equities analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on CWST shares. Loop Capital raised 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. 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. Weiss Ratings reissued a “sell (d+)” rating on shares of Casella Waste Systems in a research note on Wednesday, October 8th. William Blair reissued an “outperform” rating on shares of Casella Waste Systems in a research note on Tuesday, July 15th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Casella Waste Systems presently has an average rating of “Moderate Buy” and an average target price 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.