Blair William & Co. IL Acquires 21,504 Shares of Casella Waste Systems, Inc. $CWST

Blair William & Co. IL grew its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 14.1% in the 2nd quarter, Holdings Channel reports. The fund owned 173,525 shares of the industrial products company’s stock after purchasing an additional 21,504 shares during the quarter. Blair William & Co. IL’s holdings in Casella Waste Systems were worth $20,021,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Maseco LLP bought a new position in Casella Waste Systems in the second quarter worth $25,000. Ameritas Advisory Services LLC bought a new position in Casella Waste Systems in the second quarter worth $25,000. Geneos Wealth Management Inc. lifted its position in Casella Waste Systems by 301.6% in the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 184 shares during the period. NBC Securities Inc. bought a new position in Casella Waste Systems in the first quarter worth $31,000. Finally, Opal Wealth Advisors LLC bought a new position in Casella Waste Systems in the first quarter worth $34,000. 99.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CWST. Loop Capital raised Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Friday, September 19th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Casella Waste Systems in a research report on Wednesday. William Blair reaffirmed an “outperform” rating on shares of Casella Waste Systems in a research report on Tuesday, July 15th. Barclays started coverage on Casella Waste Systems in a research note on Friday, September 19th. They set an “underweight” rating and a $88.00 price objective for the company. Finally, Stifel Nicolaus started coverage on Casella Waste Systems in a research note on Monday, September 29th. They set a “buy” rating and a $113.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $112.38.

Casella Waste Systems Stock Performance

Casella Waste Systems stock opened at $89.63 on Friday. 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 stock has a fifty day moving average price of $94.81 and a two-hundred day moving average price of $107.31. Casella Waste Systems, Inc. has a 52-week low of $85.21 and a 52-week high of $121.24. The firm has a market capitalization of $5.69 billion, a P/E ratio of 497.94 and a beta of 0.84.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, July 31st. The industrial products company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%.The company had revenue of $465.33 million during the quarter, compared to analyst estimates of $454.01 million. During the same period last year, the company posted $0.22 earnings per share. The firm’s quarterly 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, analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

About Casella Waste Systems

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.