Summitry LLC Boosts Position in Casella Waste Systems, Inc. $CWST

Summitry LLC raised its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 27.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,189 shares of the industrial products company’s stock after acquiring an additional 693 shares during the period. Summitry LLC’s holdings in Casella Waste Systems were worth $368,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CWST. Cerity Partners LLC raised its holdings in shares of Casella Waste Systems by 11.9% during the first quarter. Cerity Partners LLC now owns 9,169 shares of the industrial products company’s stock worth $1,022,000 after purchasing an additional 976 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings 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 purchasing an additional 174 shares during the last quarter. New York State Common Retirement Fund grew its position in Casella Waste Systems by 13.8% during the 1st quarter. New York State Common Retirement Fund now owns 57,025 shares of the industrial products company’s stock worth $6,359,000 after purchasing an additional 6,927 shares during the period. Signaturefd LLC raised its stake in shares of Casella Waste Systems by 17.3% during the 1st quarter. Signaturefd LLC now owns 941 shares of the industrial products company’s stock valued at $105,000 after buying an additional 139 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in shares of Casella Waste Systems by 27.1% during the 1st quarter. Verdence Capital Advisors LLC now owns 4,189 shares of the industrial products company’s stock valued at $467,000 after buying an additional 894 shares during the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.

Casella Waste Systems Stock Performance

NASDAQ CWST opened at $89.20 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.70 and a quick ratio of 1.61. The stock’s 50 day simple moving average is $89.27 and its 200-day simple moving average is $102.84. The company has a market cap of $5.66 billion, a PE ratio of 495.56 and a beta of 0.83. Casella Waste Systems, Inc. has a 1-year low of $82.22 and a 1-year high of $121.24.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.33 by $0.09. The firm 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 firm’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 EPS. Casella Waste Systems has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays set a $95.00 target price on Casella Waste Systems and gave the stock an “equal weight” rating in a research note on Monday, November 3rd. Loop Capital upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research report on Friday, September 19th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $120.00 price objective on shares of Casella Waste Systems in a research note on Monday, November 3rd. UBS Group lifted their target price on shares of Casella Waste Systems from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Casella Waste Systems in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Casella Waste Systems presently has an average rating of “Moderate Buy” and a consensus price target of $113.75.

About Casella Waste Systems

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.