Sei Investments Co. Raises Holdings in Casella Waste Systems, Inc. $CWST

Key Points

• Sei Investments Co. increased its stake in Casella Waste Systems by 1.2%, acquiring an additional 5,275 shares during the first quarter, now totaling 455,259 shares valued at around $48 million.
• Analysts have given Casella Waste Systems a consensus rating of "Moderate Buy", with a target price averaging $123.17, reflecting optimistic expectations for the company's stock performance.
• For the most recent quarter, Casella reported an EPS of $0.36, exceeding estimates and marking a 23.4% increase in revenue year-over-year, reaching approximately $465 million.

Sei Investments Co. increased its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 1.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 455,259 shares of the industrial products company's stock after acquiring an additional 5,275 shares during the quarter. Sei Investments Co. owned about 0.72% of Casella Waste Systems worth $48,375,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CWST. Sheets Smith Wealth Management grew its stake in shares of Casella Waste Systems by 3.9% during the 1st quarter. Sheets Smith Wealth Management now owns 2,767 shares of the industrial products company's stock valued at $309,000 after purchasing an additional 103 shares during the period. Moors & Cabot Inc. grew its stake in shares of Casella Waste Systems by 4.4% during 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 period. Benjamin Edwards Inc. grew its stake in shares of Casella Waste Systems by 1.0% during the 1st quarter. Benjamin Edwards Inc. now owns 10,998 shares of the industrial products company's stock valued at $1,226,000 after acquiring an additional 110 shares during the period. Summit Investment Advisors Inc. grew its stake in shares of Casella Waste Systems by 2.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,388 shares of the industrial products company's stock valued at $676,000 after acquiring an additional 134 shares during the period. Finally, Signaturefd LLC grew its stake in shares of Casella Waste Systems by 17.3% during the 1st quarter. Signaturefd LLC now owns 941 shares of the industrial products company's stock valued at $105,000 after acquiring an additional 139 shares during the period. Hedge funds and other institutional investors own 99.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CWST. Cowen reaffirmed a "buy" rating on shares of Casella Waste Systems in a report on Friday, June 6th. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. Finally, Raymond James Financial set a $125.00 price objective on Casella Waste Systems and gave the stock a "strong-buy" rating in a report on Monday, August 4th. One equities research 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 company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $123.17.

Casella Waste Systems Stock Up 1.5%

Shares of CWST traded up $1.4650 during midday trading on Tuesday, reaching $98.9750. 99,895 shares of the stock were exchanged, compared to its average volume of 454,374. Casella Waste Systems, Inc. has a 52 week low of $97.05 and a 52 week high of $121.24. 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 company's 50 day moving average is $109.81 and its two-hundred day moving average is $111.82. The company has a market capitalization of $6.28 billion, a P/E ratio of 549.86, a PEG ratio of 4.08 and a beta of 0.83.

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. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%.The company had revenue of $465.33 million during the quarter, compared to analysts' expectations of $454.01 million. During the same period last year, the business posted $0.22 earnings per share. The firm's revenue was up 23.4% compared to the same quarter last year. Casella Waste Systems has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

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.