Russell Investments Group Ltd. Decreases Stock Holdings in Casella Waste Systems, Inc. $CWST

Russell Investments Group Ltd. cut its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 4.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 133,346 shares of the industrial products company’s stock after selling 6,192 shares during the period. Russell Investments Group Ltd. owned approximately 0.21% of Casella Waste Systems worth $15,386,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Invesco Ltd. grew its holdings in shares of 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 worth $241,420,000 after acquiring an additional 334,790 shares during the period. Westfield Capital Management Co. LP boosted its position in Casella Waste Systems by 2.9% during the second quarter. Westfield Capital Management Co. LP now owns 1,552,307 shares of the industrial products company’s stock worth $179,105,000 after purchasing an additional 44,464 shares in the last quarter. Geode Capital Management LLC boosted its position in Casella Waste Systems by 0.8% during the second quarter. Geode Capital Management LLC now owns 1,500,083 shares of the industrial products company’s stock worth $173,101,000 after purchasing an additional 12,016 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Casella Waste Systems by 5.5% in the first quarter. Ameriprise Financial Inc. now owns 1,479,896 shares of the industrial products company’s stock valued at $165,023,000 after purchasing an additional 77,574 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its position in shares of Casella Waste Systems by 13.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,419,799 shares of the industrial products company’s stock valued at $158,322,000 after buying an additional 163,363 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on CWST. Weiss Ratings reiterated a “sell (d+)” rating on shares of Casella Waste Systems in a research report on Wednesday, October 8th. Barclays set a $95.00 price target on shares of Casella Waste Systems and gave the company an “equal weight” rating in a report on Monday, November 3rd. Loop Capital raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Friday, September 19th. The Goldman Sachs Group cut their price objective on Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Finally, Stifel Nicolaus began coverage on Casella Waste Systems in a research note on Monday, September 29th. They issued a “buy” rating and a $113.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Casella Waste Systems has an average rating of “Moderate Buy” and an average price target of $113.75.

Casella Waste Systems Stock Performance

Shares of NASDAQ CWST opened at $96.43 on Monday. The company has a 50-day simple moving average of $90.04 and a 200-day simple moving average of $101.16. 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 has a market cap of $6.12 billion, a PE ratio of 535.72 and a beta of 0.83. Casella Waste Systems, Inc. has a 12 month low of $82.22 and a 12 month high of $121.24.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Thursday, October 30th. The industrial products company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.33 by $0.09. The firm had revenue of $485.35 million during the quarter, compared to analysts’ expectations of $477.24 million. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.97%. Casella Waste Systems’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS. Casella Waste Systems has set its FY 2025 guidance at EPS. On average, 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.