Liberty One Investment Management LLC Boosts Stake in Casella Waste Systems, Inc. $CWST

Liberty One Investment Management LLC raised its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 7.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,964 shares of the industrial products company’s stock after purchasing 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 hedge funds and other institutional investors have also modified their holdings of the company. Ameritas Advisory Services LLC acquired a new stake in Casella Waste Systems during the 2nd quarter worth approximately $25,000. Maseco LLP purchased a new stake in Casella Waste Systems during the second quarter worth approximately $25,000. Geneos Wealth Management Inc. grew its stake in Casella Waste Systems by 301.6% during the first 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. CWM LLC increased its position in shares of Casella Waste Systems by 53.7% in the second quarter. CWM LLC now owns 693 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 242 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Casella Waste Systems by 17.3% in the 1st quarter. Signaturefd LLC now owns 941 shares of the industrial products company’s stock valued at $105,000 after acquiring an additional 139 shares during the period. 99.51% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems Stock Up 1.5%

Shares of NASDAQ CWST opened at $87.22 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 1.70. Casella Waste Systems, Inc. has a 1 year low of $84.50 and a 1 year high of $121.24. The stock’s 50-day simple moving average is $93.05 and its 200-day simple moving average is $106.09. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 484.56 and a beta of 0.84.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data 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 firm had revenue of $465.33 million during the quarter, compared to analyst estimates of $454.01 million. During the same quarter last year, the firm earned $0.22 EPS. Casella Waste Systems’s quarterly revenue was up 23.4% on a year-over-year basis. Casella Waste Systems has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CWST. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Casella Waste Systems in a research report on Monday, October 6th. Barclays assumed coverage on Casella Waste Systems in a research report on Friday, September 19th. They issued an “underweight” rating and a $88.00 target price for the company. Stifel Nicolaus began coverage on Casella Waste Systems in a report on Monday, September 29th. They set a “buy” rating and a $113.00 target price on the stock. William Blair reissued an “outperform” rating on shares of Casella Waste Systems in a research report on Tuesday, July 15th. Finally, 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 report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $112.38.

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.