Axiom Investors LLC DE Has $13.54 Million Stock Position in Casella Waste Systems, Inc. $CWST

Key Points

• Axiom Investors LLC DE reduced its stake in Casella Waste Systems, Inc. by 29.9% during the first quarter, selling 51,732 shares and retaining approximately 0.19% ownership valued at $13.54 million.
• Casella Waste Systems reported $0.36 earnings per share for the quarter, exceeding analysts' expectations of $0.31, with quarterly revenue up 23.4% year-over-year.
• Analysts have set a consensus target price of $123.17 for the stock, with Raymond James Financial initiating a price objective of $125.00 and giving a "strong-buy" rating.

Axiom Investors LLC DE trimmed its position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 29.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,460 shares of the industrial products company's stock after selling 51,732 shares during the quarter. Axiom Investors LLC DE owned 0.19% of Casella Waste Systems worth $13,544,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Teacher Retirement System of Texas acquired a new position in shares of Casella Waste Systems in the 1st quarter worth approximately $1,480,000. GAMMA Investing LLC lifted 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 valued at $145,000 after purchasing an additional 757 shares during the last quarter. Mutual of America Capital Management LLC raised its position in Casella Waste Systems by 0.4% during the first quarter. Mutual of America Capital Management LLC now owns 42,187 shares of the industrial products company's stock valued at $4,704,000 after buying an additional 174 shares during the period. TD Asset Management Inc increased its position in Casella Waste Systems by 30.1% in the 1st quarter. TD Asset Management Inc now owns 26,312 shares of the industrial products company's stock worth $2,934,000 after purchasing an additional 6,086 shares during the last quarter. Finally, Rhumbline Advisers increased its position in Casella Waste Systems by 5.6% in the 1st quarter. Rhumbline Advisers now owns 91,720 shares of the industrial products company's stock worth $10,228,000 after purchasing an additional 4,862 shares during the last quarter. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Casella Waste Systems Price Performance

CWST stock traded down $1.34 during midday trading on Thursday, reaching $98.82. 385,492 shares of the company's stock traded hands, compared to its average volume of 458,551. The company has a 50-day simple moving average of $107.47 and a two-hundred day simple moving average of $111.38. 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 $6.27 billion, a price-to-earnings ratio of 549.00 and a beta of 0.83. 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 released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.05. The firm had revenue of $465.33 million during the quarter, compared to analysts' expectations of $454.01 million. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%.The business's revenue was up 23.4% on a year-over-year basis. During the same period last year, the firm posted $0.22 EPS. Casella Waste Systems has set its FY 2025 guidance at EPS. On average, analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current 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.