Geode Capital Management LLC Has $173.10 Million Holdings in Casella Waste Systems, Inc. $CWST

Geode Capital Management LLC lifted its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 0.8% in the 2nd quarter, Holdings Channel reports. The fund owned 1,500,083 shares of the industrial products company’s stock after buying an additional 12,016 shares during the period. Geode Capital Management LLC’s holdings in Casella Waste Systems were worth $173,101,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Maseco LLP acquired a new stake in Casella Waste Systems during the 2nd quarter valued at $25,000. Ameritas Advisory Services LLC acquired a new position in Casella Waste Systems during the second quarter valued at $25,000. Caitong International Asset Management Co. Ltd raised its position in Casella Waste Systems by 325.5% during the second quarter. Caitong International Asset Management Co. Ltd now owns 217 shares of the industrial products company’s stock valued at $25,000 after buying an additional 166 shares during the period. Geneos Wealth Management Inc. lifted its stake in Casella Waste Systems by 301.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 184 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in Casella Waste Systems during the 2nd quarter worth about $33,000. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Casella Waste Systems Stock Up 2.5%

Casella Waste Systems stock opened at $91.21 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. Casella Waste Systems, Inc. has a 1-year low of $82.22 and a 1-year high of $121.24. The firm’s fifty day simple moving average is $89.16 and its 200-day simple moving average is $102.35. The company has a market capitalization of $5.79 billion, a P/E ratio of 506.72 and a beta of 0.83.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CWST shares. Loop Capital upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Friday, September 19th. UBS Group boosted their price objective on shares of Casella Waste Systems from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. The Goldman Sachs Group cut their target price on shares of Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of Casella Waste Systems in a report on Wednesday, October 8th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $120.00 price objective on shares of Casella Waste Systems in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.