Blair William & Co. IL Has $20.02 Million Position in Casella Waste Systems, Inc. $CWST

Blair William & Co. IL increased its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 14.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 173,525 shares of the industrial products company’s stock after buying an additional 21,504 shares during the period. Blair William & Co. IL owned 0.27% of Casella Waste Systems worth $20,021,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sheets Smith Wealth Management increased its holdings in Casella Waste Systems by 3.9% in the first quarter. Sheets Smith Wealth Management now owns 2,767 shares of the industrial products company’s stock worth $309,000 after buying an additional 103 shares during the last quarter. Moors & Cabot Inc. increased its holdings in Casella Waste Systems by 4.4% in the first quarter. Moors & Cabot Inc. now owns 2,469 shares of the industrial products company’s stock worth $275,000 after buying an additional 105 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in Casella Waste Systems by 1.0% in the first quarter. Benjamin Edwards Inc. now owns 10,998 shares of the industrial products company’s stock worth $1,226,000 after buying an additional 110 shares during the last quarter. Signaturefd LLC increased its holdings in Casella Waste Systems by 17.3% in the first quarter. Signaturefd LLC now owns 941 shares of the industrial products company’s stock worth $105,000 after buying an additional 139 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased 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 worth $4,704,000 after buying an additional 174 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Trading Up 0.2%

Shares of CWST stock opened at $89.63 on Friday. Casella Waste Systems, Inc. has a 12 month low of $85.21 and a 12 month high of $121.24. The company has a quick ratio of 1.61, a current ratio of 1.70 and a debt-to-equity ratio of 0.72. The company has a market cap of $5.69 billion, a PE ratio of 497.94 and a beta of 0.84. The business’s 50 day moving average is $94.81 and its two-hundred day moving average is $107.31.

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

Analysts Set New Price Targets

CWST has been the topic of a number of research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Casella Waste Systems in a report on Wednesday. Raymond James Financial restated a “strong-buy” rating on shares of Casella Waste Systems in a report on Monday. Stifel Nicolaus began coverage on Casella Waste Systems in a report on Monday, September 29th. They set a “buy” rating and a $113.00 price target on the stock. William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. Finally, Barclays began coverage on Casella Waste Systems in a report on Friday, September 19th. They set an “underweight” rating and a $88.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Casella Waste Systems currently has a consensus rating of “Moderate Buy” and an average price target of $112.38.

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.