Blair William & Co. IL Has $16.95 Million Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Key Points

• Blair William & Co. IL significantly increased its stake in Casella Waste Systems by 403.4%, acquiring an additional 121,825 shares, bringing their total to approximately 152,021 shares valued at $16.95 million.
• Casella Waste Systems' stock recently experienced a decline of 3.3%, trading at $99.20, with a market capitalization of $6.30 billion and a PE ratio of 551.11.
• The company's Q2 earnings report showed a $0.36 EPS, exceeding analysts' expectations, alongside a 23.4% increase in revenue compared to the previous year.

Blair William & Co. IL increased its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 403.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 152,021 shares of the industrial products company's stock after purchasing an additional 121,825 shares during the quarter. Blair William & Co. IL owned 0.24% of Casella Waste Systems worth $16,952,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Covestor Ltd boosted its stake in shares of Casella Waste Systems by 124.4% during the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock worth $29,000 after acquiring an additional 153 shares in the last quarter. NBC Securities Inc. purchased a new position in Casella Waste Systems in the 1st quarter worth about $31,000. Quarry LP acquired a new stake in Casella Waste Systems during the 4th quarter worth about $30,000. Opal Wealth Advisors LLC purchased a new stake in Casella Waste Systems during the first quarter valued at about $34,000. Finally, Huntington National Bank boosted its holdings in shares of Casella Waste Systems by 171.6% in the fourth quarter. Huntington National Bank now owns 364 shares of the industrial products company's stock worth $39,000 after buying an additional 230 shares during the period. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CWST shares. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. UBS Group increased their target price on Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a report on Friday, April 11th. Raymond James Financial set a $125.00 price target on Casella Waste Systems and gave the company a "strong-buy" rating in a report on Monday. Finally, Cowen reissued a "buy" rating on shares of Casella Waste Systems in a research report on Friday, June 6th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Casella Waste Systems has an average rating of "Moderate Buy" and an average price target of $123.17.

Casella Waste Systems Stock Up 0.1%

Shares of NASDAQ CWST traded up $0.11 during mid-day trading on Friday, reaching $99.46. The company had a trading volume of 316,201 shares, compared to its average volume of 450,594. The stock has a market capitalization of $6.31 billion, a PE ratio of 553.78, a price-to-earnings-growth ratio of 4.09 and a beta of 0.83. The stock's 50 day moving average is $112.25 and its 200-day moving average is $112.16. Casella Waste Systems, Inc. has a twelve month low of $97.05 and a twelve month high of $121.24. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.87 and a current ratio of 1.70.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its quarterly 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. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%. The company had revenue of $465.33 million for the quarter, compared to the consensus estimate of $454.01 million. During the same period in the previous year, the business posted $0.22 EPS. The company's revenue for the quarter was up 23.4% on a year-over-year basis. As a group, equities analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal 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.