Northern Trust Corp Sells 6,833 Shares of Casella Waste Systems, Inc. $CWST

Key Points

• Northern Trust Corp reduced its holdings in Casella Waste Systems by 0.9%, resulting in ownership of approximately 779,645 shares worth about $86.9 million.
• Casella Waste Systems reported a 23.4% year-over-year increase in revenue, reaching $465.33 million, and exceeded EPS estimates with $0.36 for the last quarter.
• Consensus among analysts for Casella Waste Systems is a "Moderate Buy" rating, with an average target price of $123.17 per share.

Northern Trust Corp lessened its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 0.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 779,645 shares of the industrial products company's stock after selling 6,833 shares during the quarter. Northern Trust Corp owned about 1.23% of Casella Waste Systems worth $86,938,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Invesco Ltd. lifted its position in Casella Waste Systems by 18.3% in the 1st quarter. Invesco Ltd. now owns 2,165,010 shares of the industrial products company's stock worth $241,420,000 after buying an additional 334,790 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Casella Waste Systems by 16.0% during the fourth quarter. Ameriprise Financial Inc. now owns 1,402,322 shares of the industrial products company's stock valued at $148,380,000 after buying an additional 193,571 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Casella Waste Systems by 3.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 904,598 shares of the industrial products company's stock valued at $95,715,000 after buying an additional 30,153 shares during the period. American Century Companies Inc. increased its stake in shares of Casella Waste Systems by 10.0% during 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 period. Finally, Bank of New York Mellon Corp increased its stake in shares of Casella Waste Systems by 157.6% during the first quarter. Bank of New York Mellon Corp now owns 740,000 shares of the industrial products company's stock valued at $82,517,000 after buying an additional 452,776 shares during the period. Institutional investors own 99.51% of the company's stock.

Casella Waste Systems Stock Down 0.2%

Casella Waste Systems stock traded down $0.23 during mid-day trading on Friday, hitting $98.59. The company had a trading volume of 325,610 shares, compared to its average volume of 457,809. 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 stock's 50 day moving average price is $107.10 and its two-hundred day moving average price is $111.32. Casella Waste Systems, Inc. has a 12 month low of $97.05 and a 12 month high of $121.24. The company has a market capitalization of $6.26 billion, a PE ratio of 547.81 and a beta of 0.83.

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. 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 for the quarter, compared to the consensus estimate of $454.01 million. During the same period in the previous year, the company posted $0.22 earnings per share. The company's revenue for the quarter 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, sell-side analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CWST has been the topic of several research analyst reports. Cowen reissued a "buy" rating on shares of Casella Waste Systems in a research note on Friday, June 6th. Raymond James Financial set a $125.00 target price on Casella Waste Systems and gave the company a "strong-buy" rating in a research note on Monday, August 4th. Finally, William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a research note on Tuesday, July 15th. One investment 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.