Aberdeen Group plc Grows Stock Position in Casella Waste Systems, Inc. $CWST

Key Points

• Aberdeen Group plc increased its stake in Casella Waste Systems by 47.2% during the first quarter, owning approximately 276,540 shares valued at $30.8 million.
• Casella Waste Systems reported a 23.4% year-over-year revenue increase, reaching $465.33 million, and exceeded EPS estimates with earnings of $0.36 for the last quarter.
• Equities analysts have a consensus rating of "Moderate Buy" for Casella Waste Systems, with a target price averaging around $123.17.

Aberdeen Group plc grew its position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 47.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 276,540 shares of the industrial products company's stock after purchasing an additional 88,724 shares during the quarter. Aberdeen Group plc owned approximately 0.44% of Casella Waste Systems worth $30,837,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. increased its position in shares of Casella Waste Systems by 18.3% during the 1st quarter. Invesco Ltd. now owns 2,165,010 shares of the industrial products company's stock valued at $241,420,000 after purchasing an additional 334,790 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Casella Waste Systems by 16.0% during the 4th quarter. Ameriprise Financial Inc. now owns 1,402,322 shares of the industrial products company's stock valued at $148,380,000 after purchasing an additional 193,571 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Casella Waste Systems by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 904,598 shares of the industrial products company's stock worth $95,715,000 after purchasing an additional 30,153 shares during the last quarter. Northern Trust Corp grew its position in Casella Waste Systems by 8.9% during the 4th quarter. Northern Trust Corp now owns 786,478 shares of the industrial products company's stock worth $83,217,000 after acquiring an additional 64,185 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Casella Waste Systems by 157.6% in the first quarter. Bank of New York Mellon Corp now owns 740,000 shares of the industrial products company's stock worth $82,517,000 after buying an additional 452,776 shares during the period. 99.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CWST has been the topic of a number of recent research reports. Raymond James Financial set a $125.00 price objective on shares of Casella Waste Systems and gave the stock a "strong-buy" rating in a report on Monday, August 4th. Cowen reiterated a "buy" rating on shares of Casella Waste Systems in a research report on Friday, June 6th. Finally, William Blair restated an "outperform" rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $123.17.

Casella Waste Systems Stock Up 1.3%

Casella Waste Systems stock traded up $1.2750 during trading hours on Friday, reaching $102.8950. The stock had a trading volume of 116,884 shares, compared to its average volume of 456,038. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 571.64, a PEG ratio of 4.15 and a beta of 0.83. The business's 50 day moving average price is $108.81 and its 200-day moving average price is $111.61. Casella Waste Systems, Inc. has a 52 week low of $97.05 and a 52 week high of $121.24. 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 (NASDAQ:CWST - Get Free Report) last released its earnings results on Thursday, July 31st. The industrial products company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.05. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.97%. The company had revenue of $465.33 million during the quarter, compared to analysts' expectations of $454.01 million. During the same period last year, the business earned $0.22 EPS. Casella Waste Systems's revenue for the quarter was up 23.4% on a year-over-year basis. Casella Waste Systems has set its FY 2025 guidance at EPS. Sell-side analysts anticipate 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.