Citigroup Inc. Trims Position in Casella Waste Systems, Inc. $CWST

Key Points

• Citigroup Inc. has reduced its stake in Casella Waste Systems by 6.5%, now owning 70,008 shares valued at approximately $7.81 million.
• Institutional investors currently hold 99.51% of Casella Waste Systems' stock, indicating strong institutional interest.
• Wall Street analysts have a positive outlook, with an average price target of $123.17 and a range of ratings from "buy" to "strong buy."

Citigroup Inc. decreased its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,008 shares of the industrial products company's stock after selling 4,830 shares during the quarter. Citigroup Inc. owned about 0.11% of Casella Waste Systems worth $7,807,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Ameriprise Financial Inc. lifted its holdings in 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 worth $148,380,000 after purchasing an additional 193,571 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Casella Waste Systems by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 904,598 shares of the industrial products company's stock valued at $95,715,000 after acquiring an additional 30,153 shares during the period. Northern Trust Corp boosted its holdings 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 valued at $83,217,000 after acquiring an additional 64,185 shares during the period. Bank of New York Mellon Corp lifted its holdings in Casella Waste Systems by 157.6% in the 1st 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. Finally, Comerica Bank lifted its stake in shares of Casella Waste Systems by 38.1% in the 4th quarter. Comerica Bank now owns 432,896 shares of the industrial products company's stock valued at $45,805,000 after purchasing an additional 119,461 shares during the period. Institutional investors own 99.51% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CWST. William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. Cowen reiterated a "buy" rating on shares of Casella Waste Systems in a research report on Friday, June 6th. Finally, Raymond James Financial set a $125.00 target price on Casella Waste Systems and gave the stock a "strong-buy" rating in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Casella Waste Systems presently has a consensus rating of "Moderate Buy" and an average target price of $123.17.

Casella Waste Systems Price Performance

Casella Waste Systems stock traded up $0.52 during midday trading on Thursday, reaching $101.62. The company had a trading volume of 702,739 shares, compared to its average volume of 592,915. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.70 and a quick ratio of 1.61. The firm's fifty day simple moving average is $108.81 and its 200-day simple moving average is $111.61. Casella Waste Systems, Inc. has a 12-month low of $97.05 and a 12-month high of $121.24. The company has a market capitalization of $6.45 billion, a P/E ratio of 564.56, a P/E/G ratio of 4.15 and a beta of 0.83.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.31 by $0.05. The firm had revenue of $465.33 million for 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 business'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 company earned $0.22 EPS. Casella Waste Systems has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS for the current 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.