Summit Creek Advisors LLC Purchases 8,072 Shares of Casella Waste Systems, Inc. $CWST

Summit Creek Advisors LLC grew its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 4.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 187,109 shares of the industrial products company’s stock after purchasing an additional 8,072 shares during the period. Casella Waste Systems makes up 3.0% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 4th biggest holding. Summit Creek Advisors LLC owned about 0.29% of Casella Waste Systems worth $21,589,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in shares of Casella Waste Systems during the second quarter valued at about $25,000. Maseco LLP acquired a new position in shares of Casella Waste Systems during the second quarter valued at about $25,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Casella Waste Systems by 325.5% during the second quarter. Caitong International Asset Management Co. Ltd now owns 217 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 166 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Casella Waste Systems by 301.6% during the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 184 shares during the period. Finally, AlphaQuest LLC acquired a new position in shares of Casella Waste Systems during the second quarter valued at about $33,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Trading Up 0.1%

CWST opened at $90.00 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.70 and a quick ratio of 1.61. Casella Waste Systems, Inc. has a fifty-two week low of $82.22 and a fifty-two week high of $121.24. The firm has a market capitalization of $5.71 billion, a PE ratio of 500.00 and a beta of 0.84. The company’s 50-day moving average is $90.49 and its 200 day moving average is $104.16.

Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Thursday, October 30th. The industrial products company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.97%. The company had revenue of $485.35 million for the quarter, compared to analyst estimates of $477.24 million. During the same quarter in the prior year, the business posted $0.27 EPS. The firm’s revenue was up 17.9% compared to the same quarter last year. Casella Waste Systems has set its FY 2025 guidance at EPS. As a group, research analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Casella Waste Systems in a report on Monday, September 29th. They set a “buy” rating and a $113.00 price objective on the stock. The Goldman Sachs Group dropped their price objective on shares of Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating on the stock in a report on Monday. Loop Capital upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Friday, September 19th. UBS Group upped their price objective on shares of Casella Waste Systems from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Casella Waste Systems in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $113.75.

Casella Waste Systems 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.