Harbor Capital Advisors Inc. Buys 3,942 Shares of Casella Waste Systems, Inc. $CWST

Key Points

• Harbor Capital Advisors Inc. increased its stake in Casella Waste Systems by 6.2%, acquiring an additional 3,942 shares, resulting in total holdings of approximately 67,800 shares valued at $7.8 million.
• Casella Waste Systems reported a quarterly earnings per share (EPS) of $0.36, surpassing analysts' estimates by $0.05, with a year-over-year revenue growth of 23.4%.
• Market analysts have a consensus "Moderate Buy" rating for Casella Waste Systems, with a price target averaging $123.17 and a high target set by Raymond James at $125.00.

Harbor Capital Advisors Inc. lifted its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 6.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,800 shares of the industrial products company's stock after acquiring an additional 3,942 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.11% of Casella Waste Systems worth $7,823,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CWST. Invesco Ltd. lifted its stake in Casella Waste Systems by 18.3% in the first quarter. Invesco Ltd. now owns 2,165,010 shares of the industrial products company's stock valued at $241,420,000 after acquiring an additional 334,790 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Casella Waste Systems by 5.5% during the 1st quarter. Ameriprise Financial Inc. now owns 1,479,896 shares of the industrial products company's stock worth $165,023,000 after buying an additional 77,574 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Casella Waste Systems by 13.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,419,799 shares of the industrial products company's stock worth $158,322,000 after purchasing an additional 163,363 shares in the last quarter. American Century Companies Inc. raised its stake in Casella Waste Systems by 10.0% in 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its stake 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 purchasing an additional 452,776 shares in the last quarter. Institutional investors own 99.51% of the company's stock.

Casella Waste Systems Price Performance

Shares of NASDAQ:CWST opened at $90.26 on Tuesday. Casella Waste Systems, Inc. has a twelve month low of $89.75 and a twelve month high of $121.24. The firm has a market capitalization of $5.73 billion, a PE ratio of 501.44 and a beta of 0.84. 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 company has a 50-day moving average price of $102.09 and a two-hundred day moving average price of $109.90.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 in the prior year, the firm posted $0.22 earnings per share. Casella Waste Systems has set its FY 2025 guidance at EPS. Equities analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on CWST shares. 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 shares of Casella Waste Systems and gave the company a "strong-buy" rating in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Casella Waste Systems presently has an average rating of "Moderate Buy" and a consensus price target of $123.17.

About Casella Waste Systems

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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