Casella Waste Systems, Inc. $CWST Shares Acquired by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. recently increased its stake in Casella Waste Systems by 5.5%, owning approximately 2.34% of the company's shares worth about $165 million.
• Casella Waste Systems reported a quarterly earnings per share (EPS) of $0.36, surpassing analysts' expectations of $0.31, and its revenue increased by 23.4% compared to the same quarter last year.
• Analysts maintain a positive outlook on CWST, with Raymond James Financial setting a price target of $125.00 and a consensus average target price of $123.17 among various investment analysts.

Ameriprise Financial Inc. lifted its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 5.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,479,896 shares of the industrial products company's stock after acquiring an additional 77,574 shares during the quarter. Ameriprise Financial Inc. owned 2.34% of Casella Waste Systems worth $165,023,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Invesco Ltd. increased its position in shares of Casella Waste Systems by 18.3% during the first quarter. Invesco Ltd. now owns 2,165,010 shares of the industrial products company's stock worth $241,420,000 after acquiring an additional 334,790 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of Casella Waste Systems by 13.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,419,799 shares of the industrial products company's stock worth $158,322,000 after acquiring an additional 163,363 shares during the period. Dimensional Fund Advisors LP increased its position in shares of 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 worth $95,715,000 after acquiring an additional 30,153 shares during the period. American Century Companies Inc. increased its holdings in Casella Waste Systems by 10.0% in the first quarter. American Century Companies Inc. now owns 787,673 shares of the industrial products company's stock valued at $87,834,000 after buying an additional 71,406 shares during the last quarter. Finally, Northern Trust Corp increased 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 valued at $83,217,000 after buying an additional 64,185 shares during the last quarter. Hedge funds and other institutional investors own 99.51% of the company's stock.

Casella Waste Systems Stock Performance

NASDAQ CWST traded down $0.37 during trading hours on Friday, hitting $98.46. The company had a trading volume of 115,968 shares, compared to its average volume of 456,506. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 1.70. Casella Waste Systems, Inc. has a 1-year low of $97.05 and a 1-year high of $121.24. The company has a market cap of $6.25 billion, a PE ratio of 547.50 and a beta of 0.83. The business has a 50 day moving average of $107.10 and a 200-day moving average of $111.32.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.36 earnings per share (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 during the quarter, compared to the consensus estimate of $454.01 million. During the same quarter in the prior year, the firm 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, equities research analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on CWST. Cowen reissued a "buy" rating on shares of Casella Waste Systems in a report on Friday, June 6th. William Blair reissued 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 Casella Waste Systems and gave the company a "strong-buy" rating in a report on Monday, August 4th. One equities 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.