Casella Waste Systems, Inc. $CWST Stock Position Trimmed by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 36.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 109,020 shares of the industrial products company’s stock after selling 61,683 shares during the quarter. Asset Management One Co. Ltd. owned about 0.17% of Casella Waste Systems worth $12,578,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CWST. Bank of New York Mellon Corp lifted its position in Casella Waste Systems by 157.6% in the 1st quarter. Bank of New York Mellon Corp now owns 740,000 shares of the industrial products company’s stock valued at $82,517,000 after purchasing an additional 452,776 shares during the last quarter. Invesco Ltd. lifted its position in Casella Waste Systems by 18.3% in the 1st quarter. Invesco Ltd. now owns 2,165,010 shares of the industrial products company’s stock valued at $241,420,000 after purchasing an additional 334,790 shares during the last quarter. Select Equity Group L.P. lifted its position in Casella Waste Systems by 617.0% in the 1st quarter. Select Equity Group L.P. now owns 205,795 shares of the industrial products company’s stock valued at $22,948,000 after purchasing an additional 177,093 shares during the last quarter. Voya Investment Management LLC lifted its position in Casella Waste Systems by 60.9% in the 1st quarter. Voya Investment Management LLC now owns 450,111 shares of the industrial products company’s stock valued at $50,192,000 after purchasing an additional 170,368 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Casella Waste Systems by 112.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 318,035 shares of the industrial products company’s stock valued at $35,464,000 after purchasing an additional 168,003 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CWST shares. UBS Group cut their price objective on shares of Casella Waste Systems from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, October 16th. William Blair restated an “outperform” rating on shares of Casella Waste Systems in a research report on Tuesday, July 15th. Barclays assumed coverage on shares of Casella Waste Systems in a research report on Friday, September 19th. They set an “underweight” rating and a $88.00 price target on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Casella Waste Systems in a research report on Friday. Finally, Loop Capital upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $112.38.

Casella Waste Systems Stock Down 2.6%

NASDAQ CWST opened at $88.49 on Monday. 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 company’s 50 day simple moving average is $92.49 and its 200 day simple moving average is $105.76. Casella Waste Systems, Inc. has a 12 month low of $84.50 and a 12 month high of $121.24. The company has a market capitalization of $5.62 billion, a P/E ratio of 491.61 and a beta of 0.84.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Thursday, July 31st. The industrial products company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $454.01 million. During the same period in the previous year, the firm earned $0.22 EPS. The business’s revenue for the quarter was up 23.4% on a year-over-year basis. Casella Waste Systems has set its FY 2025 guidance at EPS. Equities research analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

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.