Hardy Reed LLC Sells 120 Shares of Casella Waste Systems, Inc. $CWST

Hardy Reed LLC reduced its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 4.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,360 shares of the industrial products company’s stock after selling 120 shares during the quarter. Hardy Reed LLC’s holdings in Casella Waste Systems were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its position in Casella Waste Systems by 157.6% during the first quarter. Bank of New York Mellon Corp now owns 740,000 shares of the industrial products company’s stock worth $82,517,000 after buying an additional 452,776 shares in the last quarter. Invesco Ltd. lifted its position 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. Select Equity Group L.P. grew its holdings in shares of Casella Waste Systems by 617.0% during the 1st quarter. Select Equity Group L.P. now owns 205,795 shares of the industrial products company’s stock worth $22,948,000 after purchasing an additional 177,093 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Casella Waste Systems by 60.9% during the 1st quarter. Voya Investment Management LLC now owns 450,111 shares of the industrial products company’s stock worth $50,192,000 after purchasing an additional 170,368 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Casella Waste Systems by 112.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 318,035 shares of the industrial products company’s stock valued at $35,464,000 after purchasing an additional 168,003 shares during the period. 99.51% of the stock is owned by institutional investors.

Casella Waste Systems Trading Up 1.2%

Shares of CWST stock opened at $92.91 on Tuesday. The company has a market capitalization of $5.90 billion, a P/E ratio of 516.17 and a beta of 0.84. Casella Waste Systems, Inc. has a 12-month low of $85.21 and a 12-month high of $121.24. The company has a quick ratio of 1.61, a current ratio of 1.70 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $96.18 and a 200 day moving average price of $107.83.

Casella Waste Systems (NASDAQ:CWST) last posted 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 company had revenue of $465.33 million during the quarter, compared to analyst estimates of $454.01 million. During the same quarter last year, the business posted $0.22 earnings per share. 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. Research analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. 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. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Casella Waste Systems in a report on Saturday, September 27th. William Blair reissued an “outperform” rating on shares of Casella Waste Systems in a research note on Tuesday, July 15th. Stifel Nicolaus assumed coverage on shares of Casella Waste Systems in a research note on Monday, September 29th. They set a “buy” rating and a $113.00 price target for the company. Finally, Loop Capital upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Friday, September 19th. One 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 company has an average rating of “Moderate Buy” and an average target price 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.