Rhumbline Advisers Grows Position in Casella Waste Systems, Inc. $CWST

Rhumbline Advisers grew its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 5.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,720 shares of the industrial products company’s stock after buying an additional 4,862 shares during the period. Rhumbline Advisers owned 0.14% of Casella Waste Systems worth $10,228,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its stake in Casella Waste Systems by 301.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after buying an additional 184 shares during the period. NBC Securities Inc. purchased a new position in shares of Casella Waste Systems in the 1st quarter valued at $31,000. Opal Wealth Advisors LLC acquired a new stake in shares of Casella Waste Systems in the first quarter valued at approximately $34,000. Signaturefd LLC grew its position in Casella Waste Systems by 17.3% during the 1st quarter. Signaturefd LLC now owns 941 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 139 shares during the last quarter. Finally, Harbor Investment Advisory LLC raised its stake in Casella Waste Systems by 22.2% during the 1st quarter. Harbor Investment Advisory LLC now owns 975 shares of the industrial products company’s stock valued at $109,000 after acquiring an additional 177 shares during the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CWST has been the subject of several recent analyst reports. William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a research note on Tuesday, July 15th. Raymond James Financial set a $125.00 price target on Casella Waste Systems and gave the stock a “strong-buy” rating in a research note on Monday, August 4th. Finally, Cowen reissued a “buy” rating on shares of Casella Waste Systems in a research note on Friday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $123.17.

Casella Waste Systems Price Performance

Shares of Casella Waste Systems stock opened at $91.51 on Thursday. Casella Waste Systems, Inc. has a 52 week low of $90.74 and a 52 week high of $121.24. The company has a current ratio of 1.70, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. The stock has a market cap of $5.81 billion, a PE ratio of 508.39 and a beta of 0.84. The company’s 50-day moving average price is $103.45 and its two-hundred day moving average price is $110.30.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $454.01 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The firm’s revenue was up 23.4% compared to the same quarter last year. Casella Waste Systems has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate 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.