Kraematon Investment Advisors Inc. Sells 7,500 Shares of Casella Waste Systems, Inc. $CWST

Key Points

• Kraematon Investment Advisors Inc. decreased its stake in Casella Waste Systems by 16.7%, selling 7,500 shares and now holding 37,533 shares worth $4.33 million, which represents 4.1% of its investment portfolio.
• Analysts have diverse ratings on Casella Waste Systems, with one giving a strong buy rating at a target price of $125.00 while others set targets ranging from $88.00 to $113.00.
• Casella Waste Systems reported a 23.4% year-over-year revenue increase with earnings of $0.36 per share, surpassing analyst expectations and indicating continued growth potential.

Kraematon Investment Advisors Inc. reduced its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 16.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,533 shares of the industrial products company's stock after selling 7,500 shares during the period. Casella Waste Systems makes up approximately 4.1% of Kraematon Investment Advisors Inc.'s investment portfolio, making the stock its 3rd biggest holding. Kraematon Investment Advisors Inc. owned 0.06% of Casella Waste Systems worth $4,331,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Invesco Ltd. lifted its position in Casella Waste Systems by 18.3% during the 1st quarter. Invesco Ltd. now owns 2,165,010 shares of the industrial products company's stock worth $241,420,000 after acquiring an additional 334,790 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Casella Waste Systems by 5.5% during the first quarter. Ameriprise Financial Inc. now owns 1,479,896 shares of the industrial products company's stock worth $165,023,000 after purchasing an additional 77,574 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Casella Waste Systems by 13.0% during the first 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 during the period. American Century Companies Inc. boosted its position in Casella Waste Systems by 10.0% in the first quarter. American Century Companies Inc. now owns 787,673 shares of the industrial products company's stock valued at $87,834,000 after buying an additional 71,406 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings 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 buying an additional 452,776 shares during the period. 99.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Raymond James Financial set a $125.00 price objective on shares of Casella Waste Systems and gave the company a "strong-buy" rating in a research note on Monday, August 4th. Stifel Nicolaus started coverage on shares of Casella Waste Systems in a report on Monday, September 29th. They issued a "buy" rating and a $113.00 price target on the stock. Barclays started coverage on Casella Waste Systems in a research report on Friday, September 19th. They set an "underweight" rating and a $88.00 price target on the stock. Weiss Ratings reissued a "sell (d+)" rating on shares of Casella Waste Systems in a report on Saturday, September 27th. Finally, Loop Capital raised Casella Waste Systems from a "hold" rating to a "buy" rating and set a $88.00 target price on the stock in a report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Casella Waste Systems currently has a consensus rating of "Moderate Buy" and an average target price of $112.38.

Casella Waste Systems Stock Up 1.3%

Shares of CWST opened at $91.78 on Friday. The stock has a 50 day moving average price of $96.49 and a 200 day moving average price of $107.98. Casella Waste Systems, Inc. has a one year low of $85.21 and a one year high of $121.24. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 1.70. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 509.89 and a beta of 0.84.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its 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 company had revenue of $465.33 million for the quarter, compared to analysts' expectations of $454.01 million. During the same quarter in the previous year, the company posted $0.22 EPS. The firm's quarterly revenue was up 23.4% on a year-over-year basis. 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 fiscal year.

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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