Casella Waste Systems (NASDAQ:CWST) Receives Sell (D+) Rating from Weiss Ratings

Key Points

• Casella Waste Systems' stock has a sell (D+) rating from Weiss Ratings, with various analysts giving differing ratings ranging from "underweight" to "strong-buy".
• The company's recent earnings report showed an EPS of $0.36, beating estimates and marking a 23.4% year-over-year revenue increase.
• Institutional investors hold 99.51% of Casella Waste Systems' stock, with significant recent activity in buying and selling among hedge funds.

Casella Waste Systems (NASDAQ:CWST - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by equities researchers at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other equities analysts have also recently issued research reports about the stock. Barclays started coverage on shares of Casella Waste Systems in a research report on Friday, September 19th. They issued an "underweight" rating and a $88.00 price target for the company. Stifel Nicolaus started coverage on shares of Casella Waste Systems in a report on Monday, September 29th. They issued a "buy" rating and a $113.00 target price for the company. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research note on Tuesday, July 15th. Raymond James Financial restated a "strong-buy" rating on shares of Casella Waste Systems in a research note on Monday. Finally, Loop Capital upgraded Casella Waste Systems from a "hold" rating to a "buy" rating and set a $88.00 price target for the company in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $112.38.

Casella Waste Systems Trading Down 0.2%

Shares of CWST stock traded down $0.21 during trading hours on Wednesday, hitting $91.69. The company had a trading volume of 376,479 shares, compared to its average volume of 611,645. 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 stock has a market capitalization of $5.82 billion, a PE ratio of 509.39 and a beta of 0.84. The company's fifty day moving average is $95.79 and its 200 day moving average is $107.72. Casella Waste Systems has a fifty-two week low of $85.21 and a fifty-two week high of $121.24.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $0.36 earnings per share (EPS) 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 company had revenue of $465.33 million for the quarter, compared to analyst estimates of $454.01 million. During the same quarter in the previous year, the company earned $0.22 earnings per share. The firm's quarterly revenue was up 23.4% compared to the same quarter last year. Casella Waste Systems has set its FY 2025 guidance at EPS. Research analysts expect that Casella Waste Systems will post 1.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Casella Waste Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Maseco LLP purchased a new position in shares of Casella Waste Systems in the second quarter valued at $25,000. Ameritas Advisory Services LLC acquired a new stake in Casella Waste Systems during the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd increased its position in Casella Waste Systems by 325.5% during the second quarter. Caitong International Asset Management Co. Ltd now owns 217 shares of the industrial products company's stock worth $25,000 after buying an additional 166 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Casella Waste Systems by 301.6% in the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company's stock worth $27,000 after acquiring an additional 184 shares during the last quarter. Finally, NBC Securities Inc. purchased a new stake in shares of Casella Waste Systems in the first quarter valued at $31,000. 99.51% of the stock is owned by institutional investors and hedge funds.

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.

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