Aberdeen Group plc Sells 73,419 Shares of Casella Waste Systems, Inc. $CWST

Key Points

• Aberdeen Group plc reduced its stake in Casella Waste Systems by 26.5% in the second quarter, selling 73,419 shares and now owning 203,121 shares valued at $23.4 million.
• Several institutional investors, including Invesco Ltd. and Bank of New York Mellon Corp, increased their positions in Casella Waste Systems during the first quarter of the year.
• Analysts currently have a consensus rating of Moderate Buy for Casella Waste Systems, with one Strong Buy, six Buy, two Hold, and two Sell ratings; the consensus price target is $112.38.

Aberdeen Group plc cut its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 26.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,121 shares of the industrial products company's stock after selling 73,419 shares during the quarter. Aberdeen Group plc owned approximately 0.32% of Casella Waste Systems worth $23,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the company. Invesco Ltd. boosted its position in Casella Waste Systems by 18.3% during the 1st quarter. Invesco Ltd. now owns 2,165,010 shares of the industrial products company's stock valued at $241,420,000 after acquiring an additional 334,790 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Casella Waste Systems by 5.5% during the 1st quarter. Ameriprise Financial Inc. now owns 1,479,896 shares of the industrial products company's stock valued at $165,023,000 after acquiring an additional 77,574 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Casella Waste Systems by 13.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,419,799 shares of the industrial products company's stock valued at $158,322,000 after acquiring an additional 163,363 shares in the last quarter. American Century Companies Inc. boosted its position in Casella Waste Systems by 10.0% during the 1st quarter. American Century Companies Inc. now owns 787,673 shares of the industrial products company's stock valued at $87,834,000 after acquiring an additional 71,406 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Casella Waste Systems by 157.6% during the 1st quarter. Bank of New York Mellon Corp now owns 740,000 shares of the industrial products company's stock valued at $82,517,000 after acquiring an additional 452,776 shares in the last quarter. 99.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CWST shares. Stifel Nicolaus started coverage on Casella Waste Systems in a research report on Monday, September 29th. They set a "buy" rating and a $113.00 price objective on the stock. Raymond James Financial reissued a "strong-buy" rating on shares of Casella Waste Systems in a research report on Monday, October 6th. Weiss Ratings reissued a "sell (d+)" rating on shares of Casella Waste Systems in a research report on Wednesday, October 8th. Barclays started coverage on Casella Waste Systems in a research report on Friday, September 19th. They issued an "underweight" rating and a $88.00 price target on the stock. Finally, Loop Capital raised Casella Waste Systems from a "hold" rating to a "buy" rating and set a $88.00 price target on the stock in a research report on Friday, September 19th. One investment 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, Casella Waste Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.38.

Casella Waste Systems Price Performance

Shares of NASDAQ CWST opened at $89.76 on Tuesday. Casella Waste Systems, Inc. has a twelve month low of $85.21 and a twelve month high of $121.24. The firm has a market cap of $5.70 billion, a P/E ratio of 498.67 and a beta of 0.84. The company has a 50 day moving average of $94.55 and a 200 day moving average of $107.11. The company has a quick ratio of 1.61, a current ratio of 1.70 and a debt-to-equity ratio of 0.72.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.05. The company had revenue of $465.33 million during the quarter, compared to analyst estimates of $454.01 million. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.97%. The firm's revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.22 EPS. Casella Waste Systems has set its FY 2025 guidance at EPS. As a group, research analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Casella Waste Systems 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.

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