American Century Companies Inc. Acquires 71,406 Shares of Casella Waste Systems, Inc. $CWST

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

American Century Companies Inc. boosted its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 10.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 787,673 shares of the industrial products company's stock after buying an additional 71,406 shares during the period. American Century Companies Inc. owned approximately 1.24% of Casella Waste Systems worth $87,834,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Invesco Ltd. lifted its holdings in Casella Waste Systems by 18.3% in the first quarter. Invesco Ltd. now owns 2,165,010 shares of the industrial products company's stock valued at $241,420,000 after buying an additional 334,790 shares during the period. Ameriprise Financial Inc. raised its holdings in Casella Waste Systems by 16.0% in the fourth quarter. Ameriprise Financial Inc. now owns 1,402,322 shares of the industrial products company's stock worth $148,380,000 after purchasing an additional 193,571 shares during the period. Dimensional Fund Advisors LP raised its holdings in Casella Waste Systems by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 904,598 shares of the industrial products company's stock worth $95,715,000 after purchasing an additional 30,153 shares during the period. Northern Trust Corp raised its holdings in Casella Waste Systems by 8.9% in the fourth quarter. Northern Trust Corp now owns 786,478 shares of the industrial products company's stock worth $83,217,000 after purchasing an additional 64,185 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Casella Waste Systems by 157.6% in the first quarter. Bank of New York Mellon Corp now owns 740,000 shares of the industrial products company's stock worth $82,517,000 after purchasing an additional 452,776 shares during the period. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Casella Waste Systems Stock Up 0.9%

Shares of CWST stock traded up $0.9350 during trading hours on Friday, hitting $102.5550. 337,560 shares of the company were exchanged, compared to its average volume of 457,324. The business has a 50 day moving average of $108.81 and a two-hundred day moving average of $111.61. 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 52 week low of $97.05 and a 52 week high of $121.24. The company has a market capitalization of $6.51 billion, a PE ratio of 569.75, a PEG ratio of 4.15 and a beta of 0.83.

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

Analyst Upgrades and Downgrades

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

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.