Intech Investment Management LLC Has $2.90 Million Position in Casella Waste Systems, Inc. $CWST

Key Points

• Intech Investment Management LLC increased its stake in Casella Waste Systems by 12.9%, owning a total of 25,994 shares valued at approximately $2.9 million as of the latest reporting period.
• Several analysts have a consensus rating of "Moderate Buy" on CWST, with an average price target set at $123.17, reflecting positive sentiment from the market.
• Casella Waste Systems reported $0.36 earnings per share in its latest quarterly results, exceeding analysts' expectations, and experienced a 23.4% year-over-year increase in revenue.

Intech Investment Management LLC raised its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 12.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,994 shares of the industrial products company's stock after purchasing an additional 2,979 shares during the quarter. Intech Investment Management LLC's holdings in Casella Waste Systems were worth $2,899,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CWST. Deutsche Bank AG boosted its stake in Casella Waste Systems by 44.0% during the 4th quarter. Deutsche Bank AG now owns 55,006 shares of the industrial products company's stock valued at $5,820,000 after purchasing an additional 16,820 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Casella Waste Systems by 5.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,559 shares of the industrial products company's stock valued at $3,762,000 after purchasing an additional 1,763 shares in the last quarter. ProShare Advisors LLC boosted its stake in Casella Waste Systems by 50.7% during the 4th quarter. ProShare Advisors LLC now owns 17,587 shares of the industrial products company's stock valued at $1,861,000 after purchasing an additional 5,920 shares in the last quarter. State of Wyoming boosted its stake in Casella Waste Systems by 7.4% during the 4th quarter. State of Wyoming now owns 2,276 shares of the industrial products company's stock valued at $241,000 after purchasing an additional 156 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in Casella Waste Systems during the 4th quarter valued at $12,173,000. 99.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CWST. Raymond James Financial set a $125.00 price objective on Casella Waste Systems and gave the stock a "strong-buy" rating in a research note on Monday, August 4th. Cowen reissued a "buy" rating on shares of Casella Waste Systems in a research note on Friday, June 6th. Loop Capital raised Casella Waste Systems from a "hold" rating to a "buy" rating and set a $88.00 price objective for the company in a research note on Friday. Barclays began coverage on Casella Waste Systems in a research note on Friday. They set an "underweight" rating and a $88.00 price objective for the company. Finally, William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Casella Waste Systems currently has an average rating of "Moderate Buy" and a consensus price target of $114.38.

Casella Waste Systems Stock Down 2.0%

Shares of NASDAQ:CWST traded down $1.77 during midday trading on Friday, hitting $86.69. 1,023,933 shares of the stock were exchanged, compared to its average volume of 453,522. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 1.70. Casella Waste Systems, Inc. has a 52-week low of $85.21 and a 52-week high of $121.24. The business's fifty day simple moving average is $100.19 and its two-hundred day simple moving average is $109.24. The company has a market capitalization of $5.50 billion, a PE ratio of 481.61 and a beta of 0.84.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced 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. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%.The business had revenue of $465.33 million during the quarter, compared to analyst estimates of $454.01 million. During the same period last year, the company earned $0.22 earnings per share. Casella Waste Systems's quarterly revenue was up 23.4% compared to the same quarter last year. Casella Waste Systems has set its FY 2025 guidance at EPS. As a group, research analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

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.