National Bank of Canada FI Raises Stake in Casella Waste Systems, Inc. $CWST

Key Points

• National Bank of Canada FI increased its holdings in Casella Waste Systems by 120.6%, owning a total of 33,878 shares worth approximately $3.8 million as of the latest SEC filing.
• Casella Waste Systems reported quarterly earnings of $0.36 EPS, exceeding analysts' expectations, with a year-over-year revenue increase of 23.4%.
• Analysts maintain a consensus rating of "Moderate Buy" for Casella Waste Systems, with an average price target of $123.17.

National Bank of Canada FI raised its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 120.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 33,878 shares of the industrial products company's stock after buying an additional 18,519 shares during the period. National Bank of Canada FI owned about 0.05% of Casella Waste Systems worth $3,777,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Associated Banc Corp increased its stake in shares of Casella Waste Systems by 18.0% in the 1st quarter. Associated Banc Corp now owns 2,482 shares of the industrial products company's stock worth $277,000 after purchasing an additional 378 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of Casella Waste Systems by 403.4% in the 1st quarter. Blair William & Co. IL now owns 152,021 shares of the industrial products company's stock valued at $16,952,000 after acquiring an additional 121,825 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in shares of Casella Waste Systems by 4.4% in the 1st 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 during the last quarter. US Bancorp DE raised its position in Casella Waste Systems by 49.0% in the 1st quarter. US Bancorp DE now owns 1,663 shares of the industrial products company's stock worth $185,000 after purchasing an additional 547 shares during the period. Finally, Mackenzie Financial Corp raised its position in Casella Waste Systems by 8.8% in the 1st quarter. Mackenzie Financial Corp now owns 3,826 shares of the industrial products company's stock worth $427,000 after purchasing an additional 310 shares during the period. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Casella Waste Systems Stock Performance

NASDAQ:CWST traded up $1.4170 during trading hours on Tuesday, reaching $98.9270. 49,956 shares of the company's stock were exchanged, compared to its average volume of 454,021. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 549.28, a P/E/G ratio of 4.08 and a beta of 0.83. The company has a 50-day moving average of $109.81 and a 200 day moving average of $111.82. The company has a quick ratio of 1.61, a current ratio of 1.70 and a debt-to-equity ratio of 0.72. Casella Waste Systems, Inc. has a 1-year low of $97.05 and a 1-year high of $121.24.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its earnings results on Thursday, July 31st. The industrial products company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.31 by $0.05. The company had revenue of $465.33 million during the quarter, compared to analysts' expectations of $454.01 million. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.97%. The business's revenue was up 23.4% on a year-over-year basis. During the same quarter last year, the business earned $0.22 EPS. Casella Waste Systems has set its FY 2025 guidance at EPS. Research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CWST shares. William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. Cowen reaffirmed a "buy" rating on shares of Casella Waste Systems in a report on Friday, June 6th. Finally, Raymond James Financial set a $125.00 target price on shares of Casella Waste Systems and gave the stock a "strong-buy" rating in a research note on Monday, August 4th. One research 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $123.17.

Casella Waste Systems Company 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.