Intech Investment Management LLC Boosts Stake 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 Form 13F filing with the Securities and Exchange Commission. The firm owned 25,994 shares of the industrial products company's stock after acquiring an additional 2,979 shares during the period. Intech Investment Management LLC's holdings in Casella Waste Systems were worth $2,899,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CWST. NBC Securities Inc. purchased a new stake in shares of Casella Waste Systems in the first quarter worth about $31,000. Opal Wealth Advisors LLC purchased a new stake in shares of Casella Waste Systems in the first quarter worth about $34,000. Signaturefd LLC boosted its position in shares of 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 buying an additional 139 shares during the period. Harbor Investment Advisory LLC boosted its position in shares of Casella Waste Systems by 22.2% in the first quarter. Harbor Investment Advisory LLC now owns 975 shares of the industrial products company's stock worth $109,000 after buying an additional 177 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Casella Waste Systems by 138.6% in the first quarter. GAMMA Investing LLC now owns 1,303 shares of the industrial products company's stock worth $145,000 after buying an additional 757 shares during the period. Hedge funds and other institutional investors own 99.51% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Raymond James Financial set a $125.00 price target on Casella Waste Systems and gave the stock a "strong-buy" rating in a research note on Monday, August 4th. Cowen reiterated a "buy" rating on shares of Casella Waste Systems in a research note on Friday, June 6th. Finally, William Blair reiterated an "outperform" rating on shares of Casella Waste Systems in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $123.17.

Casella Waste Systems Stock Down 1.7%

Shares of Casella Waste Systems stock opened at $91.13 on Monday. 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 business's 50 day simple moving average is $102.55 and its 200-day simple moving average is $110.05. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 506.28 and a beta of 0.84. Casella Waste Systems, Inc. has a twelve month low of $90.68 and a twelve month high of $121.24.

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 for the quarter, topping analysts' consensus estimates of $0.31 by $0.05. The business had revenue of $465.33 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 23.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS. Casella Waste Systems has set its FY 2025 guidance at EPS. Equities research analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current 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.

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