Casella Waste Systems, Inc. $CWST Shares Sold by Advantage Alpha Capital Partners LP

Key Points

• Advantage Alpha Capital Partners LP sold 8,972 shares of Casella Waste Systems, reducing its holdings by 17.0%.
• A number of institutional investors have increased their stakes in Casella Waste Systems, with Bank of New York Mellon Corp boosting its holdings by 157.6% in the first quarter.
• Casella Waste Systems reported earnings of $0.36 EPS for the last quarter, exceeding expectations and achieving 23.4% revenue growth year-over-year.

Advantage Alpha Capital Partners LP lowered its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 17.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,763 shares of the industrial products company's stock after selling 8,972 shares during the period. Advantage Alpha Capital Partners LP owned 0.07% of Casella Waste Systems worth $4,880,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Mariner LLC grew its position in Casella Waste Systems by 10.1% during the fourth quarter. Mariner LLC now owns 3,671 shares of the industrial products company's stock valued at $388,000 after acquiring an additional 338 shares during the period. NewEdge Advisors LLC grew its position in Casella Waste Systems by 279.3% during the fourth quarter. NewEdge Advisors LLC now owns 3,061 shares of the industrial products company's stock valued at $324,000 after acquiring an additional 2,254 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Casella Waste Systems during the fourth quarter valued at about $1,048,000. Dimensional Fund Advisors LP grew its position in Casella Waste Systems by 3.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 904,598 shares of the industrial products company's stock valued at $95,715,000 after acquiring an additional 30,153 shares during the period. Finally, MetLife Investment Management LLC grew its position in Casella Waste Systems by 6.8% during the fourth quarter. MetLife Investment Management LLC now owns 37,450 shares of the industrial products company's stock valued at $3,963,000 after acquiring an additional 2,392 shares during the period. Hedge funds and other institutional investors own 99.51% of the company's stock.

Analysts Set New Price Targets

CWST has been the subject of a number of research reports. William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a research report on Tuesday, July 15th. Cowen reissued 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 price objective on Casella Waste Systems and gave the stock a "strong-buy" rating in a research note 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $123.17.

Casella Waste Systems Stock Up 0.3%

CWST traded up $0.32 on Wednesday, reaching $99.87. The company's stock had a trading volume of 80,459 shares, compared to its average volume of 457,458. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 554.83 and a beta of 0.83. Casella Waste Systems, Inc. has a 1 year low of $97.05 and a 1 year high of $121.24. 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 business's 50 day moving average is $107.82 and its 200 day moving average is $111.46.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.36 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 firm had revenue of $465.33 million during the quarter, compared to the consensus estimate of $454.01 million. During the same quarter in the prior year, the business posted $0.22 earnings per share. Casella Waste Systems's revenue for the quarter was up 23.4% on a year-over-year basis. Casella Waste Systems has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

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.