Hilltop National Bank Takes Position in Casella Waste Systems, Inc. $CWST

Key Points

• Hilltop National Bank has acquired a new stake in Casella Waste Systems, purchasing 2,992 shares valued at approximately $345,000 in the second quarter.
• Casella Waste Systems reported an earnings per share (EPS) of $0.36 for the last quarter, exceeding the consensus estimate of $0.31, with revenue up 23.4% year-over-year.
• Analysts have mixed ratings on Casella Waste Systems, with a consensus rating of "Moderate Buy" and an average price target of $112.38.

Hilltop National Bank purchased a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,992 shares of the industrial products company's stock, valued at approximately $345,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Maseco LLP acquired a new position in shares of Casella Waste Systems during the second quarter valued at $25,000. Geneos Wealth Management Inc. boosted its holdings in shares of Casella Waste Systems by 301.6% during the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 184 shares during the period. NBC Securities Inc. acquired a new position in shares of Casella Waste Systems during the first quarter valued at $31,000. Opal Wealth Advisors LLC acquired a new position in shares of Casella Waste Systems during the first quarter valued at $34,000. Finally, Signaturefd LLC lifted its holdings in Casella Waste Systems by 17.3% in the first 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 period. Institutional investors and hedge funds own 99.51% of the company's stock.

Casella Waste Systems Price Performance

Shares of Casella Waste Systems stock opened at $91.78 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. The company's 50-day moving average price is $96.49 and its two-hundred day moving average price is $108.00. Casella Waste Systems, Inc. has a 52 week low of $85.21 and a 52 week high of $121.24. The stock has a market cap of $5.83 billion, a PE ratio of 509.89 and a beta of 0.84.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.36 earnings per share (EPS) 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 return on equity of 4.97% and a net margin of 0.64%.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, sell-side analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Analysts Set New Price Targets

CWST has been the subject of several research analyst reports. Barclays initiated coverage on shares of Casella Waste Systems in a report on Friday, September 19th. They issued an "underweight" rating and a $88.00 price objective for the company. Loop Capital raised shares of Casella Waste Systems from a "hold" rating to a "buy" rating and set a $88.00 price objective for the company in a report on Friday, September 19th. 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 reaffirmed a "buy" rating on shares of Casella Waste Systems in a report on Friday, June 6th. Finally, Stifel Nicolaus initiated coverage on shares of Casella Waste Systems in a report on Monday. They issued a "buy" rating and a $113.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $112.38.

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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