Casella Waste Systems, Inc. $CWST Shares Purchased by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. significantly increased its stake in Casella Waste Systems by 153.3% in Q1, acquiring an additional 84,447 shares, bringing their total holdings to 139,538 shares valued at approximately $15.56 million.
• Casella Waste Systems reported a quarterly earnings per share (EPS) of $0.36, exceeding expectations, and achieved revenues of $465.33 million, showing a 23.4% increase year-over-year.
• Wall Street analysts maintain a positive outlook on Casella Waste Systems, with a consensus average target price of $123.17 and multiple analysts rating the stock as a "Moderate Buy."

Russell Investments Group Ltd. lifted its stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 153.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 139,538 shares of the industrial products company's stock after acquiring an additional 84,447 shares during the period. Russell Investments Group Ltd. owned approximately 0.22% of Casella Waste Systems worth $15,560,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CWST. Teacher Retirement System of Texas acquired a new position in Casella Waste Systems in the 1st quarter valued at approximately $1,480,000. GAMMA Investing LLC raised its holdings in Casella Waste Systems by 138.6% in the 1st quarter. GAMMA Investing LLC now owns 1,303 shares of the industrial products company's stock valued at $145,000 after acquiring an additional 757 shares in the last quarter. Bank of Montreal Can raised its holdings in Casella Waste Systems by 71.7% in the 4th quarter. Bank of Montreal Can now owns 5,200 shares of the industrial products company's stock valued at $550,000 after acquiring an additional 2,172 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Casella Waste Systems by 0.4% during the 1st quarter. Mutual of America Capital Management LLC now owns 42,187 shares of the industrial products company's stock valued at $4,704,000 after acquiring an additional 174 shares in the last quarter. Finally, TD Asset Management Inc boosted its position in shares of Casella Waste Systems by 30.1% during the 1st quarter. TD Asset Management Inc now owns 26,312 shares of the industrial products company's stock valued at $2,934,000 after acquiring an additional 6,086 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.

Casella Waste Systems Stock Performance

Casella Waste Systems stock traded up $1.39 during trading on Friday, hitting $103.01. The stock had a trading volume of 88,685 shares, compared to its average volume of 455,878. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of 573.08, a price-to-earnings-growth ratio of 4.15 and a beta of 0.83. 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 stock's 50 day moving average is $108.81 and its two-hundred day moving average is $111.61. 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 quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.05. The firm had revenue of $465.33 million during the quarter, compared to analyst estimates 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 for the quarter was up 23.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.22 EPS. Casella Waste Systems has set its FY 2025 guidance at EPS. As a group, analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a research note on Tuesday, July 15th. 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. Finally, Cowen reissued a "buy" rating on shares of Casella Waste Systems in a report on Friday, June 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $123.17.

About Casella Waste Systems

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.