SG Americas Securities LLC Has $302,000 Stock Holdings in Casella Waste Systems, Inc. $CWST

SG Americas Securities LLC trimmed its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 86.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,614 shares of the industrial products company’s stock after selling 16,363 shares during the quarter. SG Americas Securities LLC’s holdings in Casella Waste Systems were worth $302,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Intech Investment Management LLC increased its position in shares of Casella Waste Systems by 12.9% during the first quarter. Intech Investment Management LLC now owns 25,994 shares of the industrial products company’s stock worth $2,899,000 after acquiring an additional 2,979 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Casella Waste Systems by 8.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,835 shares of the industrial products company’s stock valued at $442,000 after acquiring an additional 289 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in Casella Waste Systems by 0.4% in the 1st quarter. Mutual of America Capital Management LLC now owns 42,187 shares of the industrial products company’s stock worth $4,704,000 after purchasing an additional 174 shares during the period. Assenagon Asset Management S.A. bought a new position in Casella Waste Systems during the 2nd quarter worth about $246,000. Finally, Park Avenue Securities LLC bought a new position in Casella Waste Systems during the 2nd quarter worth about $898,000. Institutional investors own 99.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CWST. Barclays set a $95.00 price target on Casella Waste Systems and gave the company an “equal weight” rating in a report on Monday, November 3rd. Raymond James Financial restated a “strong-buy” rating and issued a $120.00 target price on shares of Casella Waste Systems in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Casella Waste Systems in a research report on Wednesday, October 8th. The Goldman Sachs Group decreased their price target on shares of Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Finally, Stifel Nicolaus initiated coverage on shares of Casella Waste Systems in a research report on Monday, September 29th. They issued a “buy” rating and a $113.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.75.

Casella Waste Systems Stock Down 0.3%

CWST stock opened at $96.43 on Friday. 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 business has a 50 day moving average price of $90.04 and a two-hundred day moving average price of $101.22. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 535.72 and a beta of 0.83. Casella Waste Systems, Inc. has a twelve month low of $82.22 and a twelve month high of $121.24.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. The company had revenue of $485.35 million for the quarter, compared to analysts’ expectations of $477.24 million. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%.During the same quarter in the prior year, the business posted $0.27 EPS. The business’s revenue was up 17.9% compared to the same quarter last year. Casella Waste Systems has set its FY 2025 guidance at EPS. 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.