3,300 Shares in Casella Waste Systems, Inc. $CWST Bought by Grimes & Company Inc.

Key Points

• Grimes & Company Inc. acquired 3,300 shares of Casella Waste Systems, Inc., valued at approximately $381,000, during the second quarter, along with other institutional investors increasing their stakes in the company.
• Casella Waste Systems reported a 23.4% revenue increase year-over-year for the last quarter, alongside an earnings per share (EPS) of $0.36, exceeding estimates.
• Brokerage ratings for Casella Waste Systems show mixed sentiments, with a consensus average rating of "Moderate Buy" and a price target of $112.38.

Grimes & Company Inc. bought a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,300 shares of the industrial products company's stock, valued at approximately $381,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Maseco LLP bought a new position in Casella Waste Systems during the second quarter worth $25,000. Ameritas Advisory Services LLC bought a new position in Casella Waste Systems during the second quarter worth $25,000. Geneos Wealth Management Inc. increased its holdings in Casella Waste Systems by 301.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company's stock valued at $27,000 after buying an additional 184 shares during the period. NBC Securities Inc. bought a new stake in Casella Waste Systems in the 1st quarter valued at $31,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Casella Waste Systems in the 1st quarter valued at $34,000. Institutional investors own 99.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CWST. Barclays began coverage on shares of Casella Waste Systems in a research note on Friday, September 19th. They issued an "underweight" rating and a $88.00 price objective for the company. Loop Capital upgraded shares of 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. Weiss Ratings restated a "sell (d+)" rating on shares of Casella Waste Systems in a research note on Saturday, September 27th. Stifel Nicolaus initiated 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, Raymond James Financial restated a "strong-buy" rating on shares of Casella Waste Systems in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $112.38.

Casella Waste Systems Stock Down 1.1%

Shares of NASDAQ:CWST opened at $91.90 on Wednesday. Casella Waste Systems, Inc. has a 52 week low of $85.21 and a 52 week high of $121.24. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 1.70. The company's fifty day moving average is $95.79 and its 200-day moving average is $107.72. The company has a market capitalization of $5.83 billion, a PE ratio of 510.56 and a beta of 0.84.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its earnings results on Thursday, July 31st. The industrial products company reported $0.36 EPS 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 company had revenue of $465.33 million for the quarter, compared to the consensus estimate of $454.01 million. During the same quarter in the previous year, the company 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. Equities 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.

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