Inceptionr LLC Makes New Investment in Casella Waste Systems, Inc. $CWST

Inceptionr LLC acquired a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,500 shares of the industrial products company’s stock, valued at approximately $750,000.

A number of other large investors have also recently made changes to their positions in CWST. Invesco Ltd. increased its position in shares of Casella Waste Systems by 18.3% in the 1st quarter. Invesco Ltd. now owns 2,165,010 shares of the industrial products company’s stock valued at $241,420,000 after acquiring an additional 334,790 shares during the period. Westfield Capital Management Co. LP grew its stake in Casella Waste Systems by 2.9% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,552,307 shares of the industrial products company’s stock valued at $179,105,000 after purchasing an additional 44,464 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Casella Waste Systems by 0.8% in the second quarter. Geode Capital Management LLC now owns 1,500,083 shares of the industrial products company’s stock valued at $173,101,000 after purchasing an additional 12,016 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Casella Waste Systems by 5.5% in the first quarter. Ameriprise Financial Inc. now owns 1,479,896 shares of the industrial products company’s stock worth $165,023,000 after purchasing an additional 77,574 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of Casella Waste Systems by 13.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,419,799 shares of the industrial products company’s stock worth $158,322,000 after purchasing an additional 163,363 shares during the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CWST has been the topic of a number of recent research reports. The Goldman Sachs Group dropped their target price on Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Casella Waste Systems in a report on Wednesday, October 8th. Stifel Nicolaus started coverage on shares of 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. UBS Group raised their target price on shares of Casella Waste Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, Barclays set a $95.00 price target on shares of Casella Waste Systems and gave the company an “equal weight” rating in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Casella Waste Systems has an average rating of “Moderate Buy” and an average target price of $113.75.

Casella Waste Systems Price Performance

NASDAQ:CWST opened at $96.72 on Thursday. Casella Waste Systems, Inc. has a 52 week low of $82.22 and a 52 week high of $121.24. The company has a quick ratio of 1.61, a current ratio of 1.70 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $6.14 billion, a PE ratio of 537.33 and a beta of 0.83. The stock’s 50-day moving average price is $89.68 and its 200-day moving average price is $101.45.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly 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 company had revenue of $485.35 million during the quarter, compared to analysts’ expectations of $477.24 million. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%.Casella Waste Systems’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS. Casella Waste Systems has set its FY 2025 guidance at EPS. As a group, equities analysts expect 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.