Casella Waste Systems, Inc. $CWST Stock Holdings Raised by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its stake in Casella Waste Systems by 112%, owning approximately 0.50% of the company, valued at $35.46 million.
• Casella Waste Systems reported a 23.4% year-over-year revenue increase, with an earnings per share (EPS) of $0.36, surpassing analyst expectations.
• The stock has a market cap of $5.73 billion and a consensus price target of $123.17 from analysts, reflecting a Moderate Buy average rating.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 112.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 318,035 shares of the industrial products company's stock after buying an additional 168,003 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.50% of Casella Waste Systems worth $35,464,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. NBC Securities Inc. purchased a new position in Casella Waste Systems during the first quarter valued at approximately $31,000. Opal Wealth Advisors LLC purchased a new position in shares of Casella Waste Systems during the 1st quarter valued at approximately $34,000. Signaturefd LLC boosted its stake 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 purchasing an additional 139 shares during the last quarter. Harbor Investment Advisory LLC lifted its position in Casella Waste Systems by 22.2% in the first quarter. Harbor Investment Advisory LLC now owns 975 shares of the industrial products company's stock valued at $109,000 after buying an additional 177 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings 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 buying an additional 757 shares in the last quarter. Institutional investors own 99.51% of the company's stock.

Analysts Set New Price Targets

CWST has been the topic of several research analyst reports. Loop Capital raised Casella Waste Systems from a "hold" rating to a "buy" rating and set a $88.00 price objective on the stock in a research note on Friday. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research report on Tuesday, July 15th. Barclays started coverage on Casella Waste Systems in a research note on Friday. They issued an "underweight" rating and a $88.00 price target on the stock. Cowen reissued a "buy" rating on shares of Casella Waste Systems in a research note on Friday, June 6th. Finally, Raymond James Financial set a $125.00 price objective on Casella Waste Systems and gave the company a "strong-buy" rating in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.38.

Casella Waste Systems Trading Down 2.0%

Shares of CWST traded down $1.77 during trading hours on Friday, hitting $86.69. The company had a trading volume of 1,023,933 shares, compared to its average volume of 453,522. The company has a quick ratio of 1.61, a current ratio of 1.70 and a debt-to-equity ratio of 0.72. The firm has a market cap of $5.50 billion, a P/E ratio of 481.61 and a beta of 0.84. Casella Waste Systems, Inc. has a 52-week low of $85.21 and a 52-week high of $121.24. The stock's 50 day moving average price is $100.19 and its 200 day moving average price is $109.24.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates 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%. The firm's revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.22 EPS. Casella Waste Systems has set its FY 2025 guidance at EPS. On average, research analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Casella Waste Systems 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.