Loomis Sayles & Co. L P Sells 136,452 Shares of Casella Waste Systems, Inc. $CWST

Loomis Sayles & Co. L P lowered its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 16.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 716,556 shares of the industrial products company’s stock after selling 136,452 shares during the period. Loomis Sayles & Co. L P owned 1.13% of Casella Waste Systems worth $82,676,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Casella Waste Systems during the second quarter worth about $55,948,000. Invesco Ltd. lifted its holdings in Casella Waste Systems by 18.3% during the 1st quarter. Invesco Ltd. now owns 2,165,010 shares of the industrial products company’s stock worth $241,420,000 after purchasing an additional 334,790 shares in the last quarter. Select Equity Group L.P. grew its holdings in Casella Waste Systems by 617.0% during the 1st quarter. Select Equity Group L.P. now owns 205,795 shares of the industrial products company’s stock valued at $22,948,000 after buying an additional 177,093 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Casella Waste Systems by 60.9% in the first quarter. Voya Investment Management LLC now owns 450,111 shares of the industrial products company’s stock worth $50,192,000 after buying an additional 170,368 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Casella Waste Systems by 112.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 318,035 shares of the industrial products company’s stock valued at $35,464,000 after acquiring an additional 168,003 shares in the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Trading Down 0.3%

Casella Waste Systems stock opened at $96.43 on Friday. Casella Waste Systems, Inc. has a 12 month low of $82.22 and a 12 month high of $121.24. The company has a current ratio of 1.70, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. The business’s fifty day simple moving average is $90.04 and its two-hundred day simple moving average is $101.30. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 535.72 and a beta of 0.83.

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

Wall Street Analyst Weigh In

CWST has been the subject of several recent analyst reports. UBS Group boosted their target price on Casella Waste Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. The Goldman Sachs Group decreased 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 report on Monday, November 3rd. Loop Capital upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Friday, September 19th. Raymond James Financial reissued a “strong-buy” rating and issued a $120.00 target price on shares of Casella Waste Systems in a research note on Monday, November 3rd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Casella Waste Systems in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.75.

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.