Creative Planning Has $4.15 Million Stake in Casella Waste Systems, Inc. $CWST

Creative Planning raised its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 24.5% in the second quarter, HoldingsChannel.com reports. The firm owned 35,956 shares of the industrial products company’s stock after purchasing an additional 7,074 shares during the quarter. Creative Planning’s holdings in Casella Waste Systems were worth $4,149,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CWST. Intech Investment Management LLC increased its holdings in Casella Waste Systems by 12.9% in the 1st quarter. Intech Investment Management LLC now owns 25,994 shares of the industrial products company’s stock valued at $2,899,000 after buying an additional 2,979 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Casella Waste Systems by 8.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,835 shares of the industrial products company’s stock worth $442,000 after acquiring an additional 289 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in Casella Waste Systems by 0.4% in the first quarter. Mutual of America Capital Management LLC now owns 42,187 shares of the industrial products company’s stock valued at $4,704,000 after acquiring an additional 174 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Casella Waste Systems during the second quarter valued at approximately $246,000. Finally, Harbor Capital Advisors Inc. lifted its stake in Casella Waste Systems by 6.2% during the second quarter. Harbor Capital Advisors Inc. now owns 67,800 shares of the industrial products company’s stock worth $7,823,000 after purchasing an additional 3,942 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Wall Street Analyst Weigh In

CWST has been the topic of several recent analyst reports. Stifel Nicolaus assumed coverage on Casella Waste Systems in a research note on Monday, September 29th. They issued a “buy” rating and a $113.00 price target on the stock. Raymond James Financial reiterated a “strong-buy” rating and issued a $120.00 target price on shares of Casella Waste Systems in a research report on Monday, November 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Casella Waste Systems in a research note on Wednesday, October 8th. The Goldman Sachs Group reduced their price target on shares of Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, Loop Capital raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $113.75.

Casella Waste Systems Stock Up 2.2%

Shares of NASDAQ CWST opened at $95.05 on Friday. The company has a 50 day simple moving average of $89.25 and a 200 day simple moving average of $102.06. 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 1 year low of $82.22 and a 1 year high of $121.24. The firm has a market cap of $6.04 billion, a PE ratio of 528.06 and a beta of 0.83.

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. The firm had revenue of $485.35 million for the quarter, compared to analyst estimates of $477.24 million. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.97%. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 EPS. Casella Waste Systems has set its FY 2025 guidance at EPS. On average, research analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

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.