Dynamic Technology Lab Private Ltd Takes $935,000 Position in Casella Waste Systems, Inc. $CWST

Key Points

• Dynamic Technology Lab Private Ltd acquired 8,390 shares of Casella Waste Systems, Inc. in Q1, valued at approximately $935,000.
• Institutional investors now hold a significant 99.51% of Casella Waste Systems' stock, indicating strong institutional interest.
• Casella Waste Systems reported earnings of $0.36 EPS for the last quarter, surpassing analysts' expectations and showing a 23.4% increase in revenue year-over-year.

Dynamic Technology Lab Private Ltd bought a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 8,390 shares of the industrial products company's stock, valued at approximately $935,000.

A number of other large investors have also recently bought and sold shares of the stock. NBC Securities Inc. acquired a new stake in shares of Casella Waste Systems during the first quarter worth $31,000. Opal Wealth Advisors LLC acquired a new stake in shares of Casella Waste Systems during the first quarter worth $34,000. Signaturefd LLC boosted its holdings in shares of Casella Waste Systems by 17.3% during the first quarter. Signaturefd LLC now owns 941 shares of the industrial products company's stock worth $105,000 after purchasing an additional 139 shares during the last quarter. Harbor Investment Advisory LLC boosted its holdings in shares of Casella Waste Systems by 22.2% during the first quarter. Harbor Investment Advisory LLC now owns 975 shares of the industrial products company's stock worth $109,000 after purchasing an additional 177 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of 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 worth $145,000 after purchasing an additional 757 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.

Casella Waste Systems Stock Down 1.7%

NASDAQ:CWST traded down $1.60 during mid-day trading on Friday, hitting $91.13. The company had a trading volume of 299,287 shares, compared to its average volume of 461,894. The business has a fifty day simple moving average of $102.55 and a 200-day simple moving average of $110.05. The company has a current ratio of 1.70, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. Casella Waste Systems, Inc. has a 1 year low of $90.68 and a 1 year high of $121.24. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of 506.28 and a beta of 0.84.

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 for the quarter, beating the consensus estimate of $0.31 by $0.05. The company had revenue of $465.33 million during the quarter, compared to the consensus estimate of $454.01 million. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%.The company's revenue was up 23.4% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share. Casella Waste Systems has set its FY 2025 guidance at EPS. Equities analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. Cowen reaffirmed a "buy" rating on shares of Casella Waste Systems in a research report on Friday, June 6th. Finally, Raymond James Financial set a $125.00 target price on Casella Waste Systems and gave the stock a "strong-buy" rating in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $123.17.

Casella Waste Systems Company Profile

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.