Lindenwold Advisors INC Sells 210 Shares of Casella Waste Systems, Inc. $CWST

Lindenwold Advisors INC decreased its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 6.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,948 shares of the industrial products company’s stock after selling 210 shares during the quarter. Lindenwold Advisors INC’s holdings in Casella Waste Systems were worth $340,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Sheets Smith Wealth Management grew its holdings in shares of Casella Waste Systems by 3.9% in the 1st quarter. Sheets Smith Wealth Management now owns 2,767 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 103 shares during the last quarter. Moors & Cabot Inc. grew its holdings in Casella Waste Systems by 4.4% during the 1st quarter. Moors & Cabot Inc. now owns 2,469 shares of the industrial products company’s stock worth $275,000 after acquiring an additional 105 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in Casella Waste Systems by 1.0% during the 1st quarter. Benjamin Edwards Inc. now owns 10,998 shares of the industrial products company’s stock worth $1,226,000 after acquiring an additional 110 shares during the last quarter. Signaturefd LLC grew its holdings 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 acquiring an additional 139 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its holdings in Casella Waste Systems by 0.4% during the 1st quarter. Mutual of America Capital Management LLC now owns 42,187 shares of the industrial products company’s stock worth $4,704,000 after acquiring an additional 174 shares during the last quarter. Institutional investors own 99.51% of the company’s stock.

Wall Street Analyst Weigh In

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

Casella Waste Systems Stock Performance

Casella Waste Systems stock opened at $89.63 on Friday. 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 $85.21 and a 1 year high of $121.24. The company has a market cap of $5.69 billion, a PE ratio of 497.94 and a beta of 0.84. The company’s 50-day moving average is $94.81 and its two-hundred day moving average is $107.31.

Casella Waste Systems (NASDAQ:CWST) last released its 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 company had revenue of $465.33 million for the quarter, compared to the consensus estimate of $454.01 million. During the same period in the prior year, the company posted $0.22 EPS. The company’s revenue was up 23.4% compared to the same quarter last year. Casella Waste Systems has set its FY 2025 guidance at EPS. Equities analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current 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.