Casella Waste Systems, Inc. $CWST Shares Acquired by Mutual of America Capital Management LLC

Key Points

• Mutual of America Capital Management LLC increased its stake in Casella Waste Systems by 9.3%, owning approximately $5.32 million worth of shares after acquiring over 3,900 additional shares.
• Wall Street analysts have mixed opinions on Casella Waste Systems, with a consensus rating of "Moderate Buy" and target prices ranging from $88.00 to $140.00.
• Casella Waste Systems reported a quarterly earnings per share (EPS) of $0.36, which surpassed analysts' expectations, and experienced a 23.4% year-over-year revenue growth to $465.33 million.

Mutual of America Capital Management LLC increased its stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 9.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,106 shares of the industrial products company's stock after acquiring an additional 3,919 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.07% of Casella Waste Systems worth $5,320,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CWST. Maseco LLP acquired a new position in shares of Casella Waste Systems in the 2nd quarter worth $25,000. Ameritas Advisory Services LLC acquired a new position in shares of Casella Waste Systems in the 2nd quarter worth $25,000. Geneos Wealth Management Inc. grew its holdings in shares of Casella Waste Systems by 301.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company's stock worth $27,000 after acquiring an additional 184 shares during the last quarter. CWM LLC grew its holdings in shares of Casella Waste Systems by 53.7% in the 2nd quarter. CWM LLC now owns 693 shares of the industrial products company's stock worth $80,000 after acquiring an additional 242 shares during the last quarter. Finally, Signaturefd LLC grew its holdings 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 worth $105,000 after acquiring an additional 139 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CWST. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a research report on Monday, October 6th. UBS Group decreased their target price on Casella Waste Systems from $140.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, October 16th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Casella Waste Systems in a research report on Wednesday, October 8th. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a research report on Tuesday, July 15th. Finally, Barclays began coverage on Casella Waste Systems in a research report on Friday, September 19th. They issued an "underweight" rating and a $88.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Casella Waste Systems presently has a consensus rating of "Moderate Buy" and an average target price of $112.38.

Casella Waste Systems Price Performance

CWST opened at $87.22 on Wednesday. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of 484.56 and a beta of 0.84. Casella Waste Systems, Inc. has a 1 year low of $84.50 and a 1 year high of $121.24. The company has a current ratio of 1.70, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average price of $93.05 and a 200 day moving average price of $106.09.

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 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 for the quarter was up 23.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 earnings per share. Casella Waste Systems has set its FY 2025 guidance at EPS. Analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal 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.

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