Axiom Investors LLC DE Sells 51,732 Shares of Casella Waste Systems, Inc. $CWST

Key Points

• Axiom Investors LLC DE sold 51,732 shares of Casella Waste Systems, Inc., reducing its stake by 29.9% to own 121,460 shares valued at approximately $13.5 million.
• Casella Waste Systems reported a 23.4% increase in quarterly revenue year-over-year, reaching approximately $465.33 million, with earnings per share (EPS) of $0.36, surpassing the consensus estimate.
• Several analysts have given Casella Waste Systems a consensus rating of "Moderate Buy" and a target price of $123.17, indicating positive growth expectations for the stock.

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

A number of other hedge funds have also recently added to or reduced their stakes in CWST. NBC Securities Inc. bought a new position in shares of Casella Waste Systems in the 1st quarter valued at about $31,000. Opal Wealth Advisors LLC bought a new position in shares of Casella Waste Systems in the 1st quarter valued at about $34,000. Signaturefd LLC boosted its stake in shares of Casella Waste Systems by 17.3% in the 1st quarter. Signaturefd LLC now owns 941 shares of the industrial products company's stock valued at $105,000 after purchasing an additional 139 shares during the last quarter. Harbor Investment Advisory LLC boosted its stake in shares of Casella Waste Systems by 22.2% in the 1st quarter. Harbor Investment Advisory LLC now owns 975 shares of the industrial products company's stock valued at $109,000 after purchasing an additional 177 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Casella Waste Systems by 138.6% in the 1st 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. Institutional investors own 99.51% of the company's stock.

Casella Waste Systems Stock Performance

Shares of CWST stock opened at $94.69 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 1.70. The company has a market capitalization of $6.01 billion, a P/E ratio of 526.06 and a beta of 0.84. The company's 50 day moving average price is $104.74 and its two-hundred day moving average price is $110.70. Casella Waste Systems, Inc. has a 52 week low of $93.63 and a 52 week high of $121.24.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Raymond James Financial set a $125.00 target price on shares of Casella Waste Systems and gave the company a "strong-buy" rating in a research note on Monday, August 4th. Cowen reaffirmed a "buy" rating on shares of Casella Waste Systems in a research note on Friday, June 6th. Finally, William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.

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