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 cut its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 29.9% during the 1st quarter, according to the company in its most recent 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 period. Axiom Investors LLC DE owned about 0.19% of Casella Waste Systems worth $13,544,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CWST. NBC Securities Inc. acquired a new stake in Casella Waste Systems during the 1st quarter worth approximately $31,000. Opal Wealth Advisors LLC acquired a new stake in Casella Waste Systems during the 1st quarter worth approximately $34,000. Signaturefd LLC boosted its position in Casella Waste Systems by 17.3% during the 1st quarter. Signaturefd LLC now owns 941 shares of the industrial products company's stock worth $105,000 after buying an additional 139 shares during the period. Harbor Investment Advisory LLC boosted its position in Casella Waste Systems by 22.2% during the 1st quarter. Harbor Investment Advisory LLC now owns 975 shares of the industrial products company's stock worth $109,000 after buying an additional 177 shares during the period. Finally, GAMMA Investing LLC boosted its position in Casella Waste Systems by 138.6% during the 1st quarter. GAMMA Investing LLC now owns 1,303 shares of the industrial products company's stock worth $145,000 after buying an additional 757 shares during the period. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on CWST. 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 research report on Monday, August 4th. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. Finally, Cowen restated a "buy" rating on shares of Casella Waste Systems in a report on Friday, June 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.17.

Casella Waste Systems Trading Down 1.7%

Shares of NASDAQ:CWST traded down $1.60 during mid-day trading on Friday, hitting $91.13. The company had a trading volume of 299,287 shares, compared to its average volume of 473,474. The firm has a fifty day moving average price of $102.55 and a 200 day moving average price of $110.03. The company has a market capitalization of $5.79 billion, a PE ratio of 506.28 and a beta of 0.84. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.70 and a quick ratio of 1.61. Casella Waste Systems, Inc. has a one year low of $90.68 and a one year high of $121.24.

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 for the quarter, beating the consensus estimate of $0.31 by $0.05. The company had revenue of $465.33 million during the quarter, compared to analyst estimates of $454.01 million. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.97%. Casella Waste Systems's revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 EPS. 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 year.

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.