Casella Waste Systems, Inc. $CWST Shares Bought by Liberty One Investment Management LLC

Liberty One Investment Management LLC grew its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 7.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,964 shares of the industrial products company’s stock after buying an additional 142 shares during the quarter. Liberty One Investment Management LLC’s holdings in Casella Waste Systems were worth $227,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Invesco Ltd. grew its stake in 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 valued at $241,420,000 after acquiring an additional 334,790 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of 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. T. Rowe Price Investment Management Inc. increased its stake in shares of Casella Waste Systems by 13.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,419,799 shares of the industrial products company’s stock worth $158,322,000 after purchasing an additional 163,363 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Casella Waste Systems by 10.0% during the 1st quarter. American Century Companies Inc. now owns 787,673 shares of the industrial products company’s stock worth $87,834,000 after purchasing an additional 71,406 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Casella Waste Systems by 157.6% during the 1st quarter. Bank of New York Mellon Corp now owns 740,000 shares of the industrial products company’s stock worth $82,517,000 after purchasing an additional 452,776 shares during the last quarter. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CWST shares. Raymond James Financial reiterated a “strong-buy” rating on shares of Casella Waste Systems in a report on Monday, October 6th. Barclays started coverage on Casella Waste Systems in a research report on Friday, September 19th. They issued an “underweight” rating and a $88.00 price objective on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Casella Waste Systems in a research report on Wednesday, October 8th. Loop Capital upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Friday, September 19th. Finally, William Blair reaffirmed an “outperform” rating on shares of Casella Waste Systems in a research note on Tuesday, July 15th. One equities 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.38.

Casella Waste Systems Stock Up 1.5%

Shares of NASDAQ:CWST opened at $87.22 on Wednesday. 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 firm has a market cap of $5.54 billion, a price-to-earnings ratio of 484.56 and a beta of 0.84. The stock’s 50-day moving average price is $93.05 and its two-hundred day moving average price is $106.09. Casella Waste Systems, Inc. has a 12-month low of $84.50 and a 12-month high of $121.24.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.36 earnings per share for the quarter, topping the consensus estimate 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 period in the prior year, the firm posted $0.22 EPS. The company’s revenue was up 23.4% on a year-over-year basis. Casella Waste Systems has set its FY 2025 guidance at EPS. On average, research analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current 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.