Atria Investments Inc Cuts Holdings in Casella Waste Systems, Inc. $CWST

Atria Investments Inc lessened its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 42.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,557 shares of the industrial products company’s stock after selling 3,423 shares during the quarter. Atria Investments Inc’s holdings in Casella Waste Systems were worth $526,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CWST. Maseco LLP acquired a new stake in Casella Waste Systems in the second quarter valued at approximately $25,000. Ameritas Advisory Services LLC purchased a new stake in shares of Casella Waste Systems in the 2nd quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Casella Waste Systems by 325.5% in the 2nd 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 in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Casella Waste Systems by 301.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 184 shares during the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of Casella Waste Systems during the second quarter worth $33,000. 99.51% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems Trading Down 0.3%

NASDAQ:CWST opened at $88.08 on Monday. The company has a market capitalization of $5.59 billion, a PE ratio of 489.33 and a beta of 0.83. Casella Waste Systems, Inc. has a 52-week low of $82.22 and a 52-week high of $121.24. The stock’s 50 day moving average price is $90.07 and its 200 day moving average price is $103.73. 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 posted its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.09. The business had revenue of $485.35 million during the quarter, compared to the consensus estimate of $477.24 million. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%.The company’s revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 earnings per share. Casella Waste Systems has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CWST. Barclays set a $95.00 price target on Casella Waste Systems and gave the company an “equal weight” rating in a research note on Monday, November 3rd. UBS Group raised 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. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $120.00 price target on shares of Casella Waste Systems in a report on Monday, November 3rd. The Goldman Sachs Group cut 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, November 3rd. Finally, Loop Capital upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.