TD Asset Management Inc Sells 9,212 Shares of Casella Waste Systems, Inc. $CWST

TD Asset Management Inc lowered its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 35.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,100 shares of the industrial products company’s stock after selling 9,212 shares during the quarter. TD Asset Management Inc’s holdings in Casella Waste Systems were worth $1,973,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Teacher Retirement System of Texas bought a new stake in Casella Waste Systems during the first quarter valued at $1,480,000. GAMMA Investing LLC boosted its position in Casella Waste Systems by 138.6% during the first quarter. GAMMA Investing LLC now owns 1,303 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 757 shares during the last quarter. Intech Investment Management LLC boosted its position in 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 valued at $2,899,000 after acquiring an additional 2,979 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in Casella Waste Systems by 0.4% during the first quarter. Mutual of America Capital Management LLC now owns 42,187 shares of the industrial products company’s stock valued at $4,704,000 after acquiring an additional 174 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in Casella Waste Systems during the second quarter valued at $246,000. Institutional investors own 99.51% of the company’s stock.

Analyst Upgrades and Downgrades

CWST has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Casella Waste Systems in a research report on Wednesday, October 8th. Raymond James Financial reiterated a “strong-buy” rating on shares of Casella Waste Systems in a report on Monday, October 6th. UBS Group dropped their price objective on shares of Casella Waste Systems from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, October 16th. William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. Finally, Loop Capital upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Friday, September 19th. One research 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $112.38.

Casella Waste Systems Trading Up 1.5%

CWST opened at $87.22 on Wednesday. Casella Waste Systems, Inc. has a fifty-two week low of $84.50 and a fifty-two week high of $121.24. The firm has a market capitalization of $5.54 billion, a PE ratio of 484.56 and a beta of 0.84. 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 company’s 50-day moving average is $93.05 and its 200 day moving average is $106.09.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.36 earnings per share for the quarter, beating 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 analysts’ expectations of $454.01 million. During the same quarter last year, the firm earned $0.22 EPS. The firm’s revenue for the quarter 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, research analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share 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.