Credit Agricole S A Boosts Position in Casella Waste Systems, Inc. $CWST

Key Points

• Credit Agricole S A increased its holdings in Casella Waste Systems by 80.2%, acquiring an additional 7,640 shares to reach a total of 17,162 shares worth $1,914,000.
• Institutional investors dominate Casella Waste Systems, owning 99.51% of the company's stock, with other notable hedge funds also increasing their stakes in the company during the 1st quarter.
• Casella Waste Systems recently reported $0.36 earnings per share (EPS), exceeding analysts' estimates, alongside a 23.4% year-over-year revenue growth.

Credit Agricole S A lifted its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 80.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,162 shares of the industrial products company's stock after purchasing an additional 7,640 shares during the quarter. Credit Agricole S A's holdings in Casella Waste Systems were worth $1,914,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. grew its stake 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 worth $241,420,000 after purchasing an additional 334,790 shares during the period. Ameriprise Financial Inc. grew its stake 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 worth $148,380,000 after purchasing an additional 193,571 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of 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 worth $95,715,000 after purchasing an additional 30,153 shares during the period. American Century Companies Inc. grew its stake in shares of Casella Waste Systems by 10.0% during the 1st quarter. American Century Companies Inc. now owns 787,673 shares of the industrial products company's stock worth $87,834,000 after purchasing an additional 71,406 shares during the period. Finally, Northern Trust Corp grew its stake in shares of 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 purchasing an additional 64,185 shares during the period. Institutional investors and hedge funds own 99.51% of the company's stock.

Casella Waste Systems Price Performance

Shares of NASDAQ:CWST traded down $0.37 during midday trading on Friday, hitting $98.46. The company's stock had a trading volume of 115,968 shares, compared to its average volume of 456,506. The business's 50 day simple moving average is $107.10 and its 200 day simple moving average is $111.32. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 1.70. The company has a market cap of $6.25 billion, a P/E ratio of 547.50 and a beta of 0.83. Casella Waste Systems, Inc. has a 12-month low of $97.05 and a 12-month high of $121.24.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.05. The firm had revenue of $465.33 million for the quarter, compared to the consensus estimate of $454.01 million. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.97%. The company's revenue for the quarter was up 23.4% on a year-over-year basis. During the same period last year, the firm posted $0.22 earnings per share. Casella Waste Systems has set its FY 2025 guidance at EPS. On average, analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Analyst Ratings Changes

CWST has been the topic of a number of analyst reports. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a research note 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 company 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 issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $123.17.

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.