Royal Bank of Canada Has $13.71 Million Stock Position in Casella Waste Systems, Inc. $CWST

Key Points

• Royal Bank of Canada reduced its holdings in Casella Waste Systems by 3.9%, selling 4,929 shares in the first quarter, resulting in ownership of 122,918 shares worth approximately $13.7 million.
• Analysts are generally positive about Casella Waste Systems, with a consensus rating of "Moderate Buy" and a price target averaging $123.17, highlighting a strong preference from multiple firms.
• Casella Waste Systems reported an earnings per share (EPS) of $0.36 for the last quarter, surpassing estimates, with a revenue increase of 23.4% compared to the same quarter last year.

Royal Bank of Canada reduced its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 3.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 122,918 shares of the industrial products company's stock after selling 4,929 shares during the quarter. Royal Bank of Canada owned approximately 0.19% of Casella Waste Systems worth $13,705,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. NBC Securities Inc. acquired a new stake in Casella Waste Systems during the first quarter worth about $31,000. Opal Wealth Advisors LLC acquired a new stake in shares of Casella Waste Systems during the 1st quarter worth approximately $34,000. Signaturefd LLC lifted its holdings in shares of Casella Waste Systems by 17.3% in the 1st quarter. Signaturefd LLC now owns 941 shares of the industrial products company's stock worth $105,000 after purchasing an additional 139 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in Casella Waste Systems by 22.2% during the 1st quarter. Harbor Investment Advisory LLC now owns 975 shares of the industrial products company's stock valued at $109,000 after purchasing an additional 177 shares during the period. Finally, GAMMA Investing LLC boosted its position in Casella Waste Systems by 138.6% during the 1st quarter. GAMMA Investing LLC now owns 1,303 shares of the industrial products company's stock valued at $145,000 after purchasing an additional 757 shares during the period. Institutional investors own 99.51% of the company's stock.

Casella Waste Systems Price Performance

CWST traded down $1.60 during trading on Friday, reaching $91.13. The stock had a trading volume of 299,287 shares, compared to its average volume of 473,474. The stock has a 50 day moving average of $102.55 and a two-hundred day moving average of $110.03. The company has a quick ratio of 1.61, a current ratio of 1.70 and a debt-to-equity ratio of 0.72. The firm 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 1-year low of $90.68 and a 1-year high of $121.24.

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CWST. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. Cowen restated a "buy" rating on shares of Casella Waste Systems in a research report 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 issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock 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.