Bessemer Group Inc. Reduces Holdings in Casella Waste Systems, Inc. $CWST

Bessemer Group Inc. trimmed its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 6.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 269,509 shares of the industrial products company’s stock after selling 18,915 shares during the quarter. Bessemer Group Inc. owned 0.42% of Casella Waste Systems worth $31,096,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas bought a new stake in shares of Casella Waste Systems during the first quarter worth $1,480,000. GAMMA Investing LLC lifted its position in shares of Casella Waste Systems by 138.6% during the first quarter. GAMMA Investing LLC now owns 1,303 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 757 shares during the last quarter. Intech Investment Management LLC lifted its position in shares of Casella Waste Systems by 12.9% during the first quarter. Intech Investment Management LLC now owns 25,994 shares of the industrial products company’s stock worth $2,899,000 after purchasing an additional 2,979 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Casella Waste Systems by 8.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,835 shares of the industrial products company’s stock worth $442,000 after purchasing an additional 289 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in shares of Casella Waste Systems by 0.4% during 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 purchasing an additional 174 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Stifel Nicolaus assumed coverage on Casella Waste Systems in a research report on Monday, September 29th. They set a “buy” rating and a $113.00 target price for the company. William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a research report on Tuesday, July 15th. Raymond James Financial reiterated a “strong-buy” rating on shares of Casella Waste Systems in a research report on Monday, October 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Casella Waste Systems in a report on Wednesday, October 8th. Finally, Loop Capital upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $112.38.

Casella Waste Systems Stock Performance

CWST stock opened at $88.85 on Tuesday. 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 business has a 50-day moving average price of $92.31 and a 200 day moving average price of $105.60. The company has a market capitalization of $5.64 billion, a P/E ratio of 493.61 and a beta of 0.84. Casella Waste Systems, Inc. has a 1-year low of $84.50 and a 1-year high of $121.24.

Casella Waste Systems (NASDAQ:CWST) last released 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. The firm had revenue of $465.33 million during the quarter, compared to the consensus estimate of $454.01 million. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%.The firm’s quarterly revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 earnings per share. Casella Waste Systems has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS 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.