Kodai Capital Management LP Sells 29,344 Shares of Casella Waste Systems, Inc. $CWST

Key Points

• Kodai Capital Management LP sold 29,344 shares of Casella Waste Systems, reducing its holdings by 54.2% to 24,758 shares, valued at approximately $2.76 million.
• Casella Waste Systems reported earnings of $0.36 per share for the last quarter, surpassing estimates, with revenue increasing by 23.4% year-over-year to $465.33 million.
• Analysts have a consensus rating of "Moderate Buy" for Casella Waste Systems, with a price target of $123.17 per share, following reaffirmed ratings and a new price target from various research firms.

Kodai Capital Management LP lowered its position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 54.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,758 shares of the industrial products company's stock after selling 29,344 shares during the period. Kodai Capital Management LP's holdings in Casella Waste Systems were worth $2,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Sheets Smith Wealth Management raised its stake in shares of Casella Waste Systems by 3.9% during the first quarter. Sheets Smith Wealth Management now owns 2,767 shares of the industrial products company's stock valued at $309,000 after acquiring an additional 103 shares in the last quarter. Moors & Cabot Inc. raised its stake in shares of Casella Waste Systems by 4.4% during the first quarter. Moors & Cabot Inc. now owns 2,469 shares of the industrial products company's stock valued at $275,000 after acquiring an additional 105 shares in the last quarter. Benjamin Edwards Inc. raised its stake in shares of Casella Waste Systems by 1.0% during the first quarter. Benjamin Edwards Inc. now owns 10,998 shares of the industrial products company's stock valued at $1,226,000 after acquiring an additional 110 shares in the last quarter. Signaturefd LLC raised its stake in shares of Casella Waste Systems by 17.3% during the first quarter. Signaturefd LLC now owns 941 shares of the industrial products company's stock valued at $105,000 after acquiring an additional 139 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Casella Waste Systems by 4.3% during the fourth quarter. Mackenzie Financial Corp now owns 3,516 shares of the industrial products company's stock valued at $372,000 after acquiring an additional 146 shares in the last quarter. Institutional investors own 99.51% of the company's stock.

Casella Waste Systems Price Performance

NASDAQ CWST opened at $98.56 on Friday. The firm's fifty day simple moving average is $106.75 and its two-hundred day simple moving average is $111.26. The company has a current ratio of 1.70, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. Casella Waste Systems, Inc. has a 12-month low of $97.05 and a 12-month high of $121.24. The firm has a market capitalization of $6.26 billion, a P/E ratio of 547.56 and a beta of 0.83.

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

Analysts Set New Price Targets

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

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