Aberdeen Group plc Decreases Holdings in Casella Waste Systems, Inc. $CWST

Aberdeen Group plc cut its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 26.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 203,121 shares of the industrial products company’s stock after selling 73,419 shares during the quarter. Aberdeen Group plc’s holdings in Casella Waste Systems were worth $23,436,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Teacher Retirement System of Texas purchased a new stake in shares of Casella Waste Systems in the 1st quarter worth $1,480,000. GAMMA Investing LLC increased its stake in shares of Casella Waste Systems by 138.6% in the 1st quarter. GAMMA Investing LLC now owns 1,303 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 757 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of 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 worth $2,899,000 after purchasing an additional 2,979 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Casella Waste Systems by 0.4% in the 1st quarter. Mutual of America Capital Management LLC now owns 42,187 shares of the industrial products company’s stock worth $4,704,000 after purchasing an additional 174 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Casella Waste Systems in the 2nd quarter worth $246,000. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on CWST. Weiss Ratings restated a “sell (d+)” rating on shares of Casella Waste Systems in a research note on Wednesday, October 8th. Stifel Nicolaus began coverage on Casella Waste Systems in a research note on Monday, September 29th. They issued a “buy” rating and a $113.00 price objective for the company. Barclays assumed coverage on Casella Waste Systems in a research note on Friday, September 19th. They issued an “underweight” rating and a $88.00 price objective for the company. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Casella Waste Systems in a report on Monday, October 6th. Finally, Loop Capital raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $112.38.

Casella Waste Systems Stock Up 0.1%

CWST opened at $89.76 on Tuesday. The firm has a 50-day simple moving average of $94.55 and a two-hundred day simple moving average of $107.11. Casella Waste Systems, Inc. has a 52 week low of $85.21 and a 52 week high of $121.24. The company has a market capitalization of $5.70 billion, a PE ratio of 498.67 and a beta of 0.84. The company has a quick ratio of 1.61, a current ratio of 1.70 and a debt-to-equity ratio of 0.72.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.31 by $0.05. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.97%. The business had revenue of $465.33 million during the quarter, compared to the consensus estimate of $454.01 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The business’s revenue was up 23.4% on a year-over-year basis. Casella Waste Systems has set its FY 2025 guidance at EPS. Analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share 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.