Strs Ohio Purchases Shares of 7,300 Casella Waste Systems, Inc. $CWST

Key Points

• Strs Ohio has made a new investment of approximately $814,000 in Casella Waste Systems, purchasing 7,300 shares during the first quarter.
• Research firms have differing opinions on Casella Waste Systems, with Loop Capital upgrading it to a "buy" with an $88.00 target, while Raymond James Financial set a higher target of $125.00.
• CWST's earnings report indicated better-than-expected results, reporting $0.36 earnings per share for the quarter, surpassing the estimated $0.31.

Strs Ohio purchased a new stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,300 shares of the industrial products company's stock, valued at approximately $814,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sheets Smith Wealth Management boosted its stake in Casella Waste Systems by 3.9% during the first quarter. Sheets Smith Wealth Management now owns 2,767 shares of the industrial products company's stock worth $309,000 after buying an additional 103 shares in the last quarter. Moors & Cabot Inc. raised its holdings in 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 worth $275,000 after purchasing an additional 105 shares during the last quarter. Benjamin Edwards Inc. increased its stake in shares of Casella Waste Systems by 1.0% in 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 last quarter. Signaturefd LLC increased its stake 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 valued at $105,000 after acquiring an additional 139 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of Casella Waste Systems by 4.3% in the 4th quarter. Mackenzie Financial Corp now owns 3,516 shares of the industrial products company's stock valued at $372,000 after acquiring an additional 146 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.

Casella Waste Systems Trading Down 0.1%

Shares of Casella Waste Systems stock traded down $0.12 during midday trading on Tuesday, reaching $88.81. The company had a trading volume of 21,038 shares, compared to its average volume of 462,967. The stock has a fifty day moving average price of $99.73 and a 200 day moving average price of $109.05. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.70 and a quick ratio of 1.61. The firm has a market cap of $5.64 billion, a PE ratio of 493.36 and a beta of 0.84. Casella Waste Systems, Inc. has a fifty-two week low of $85.21 and a fifty-two week 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 analyst estimates of $454.01 million. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%.The firm's quarterly revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 earnings per share. Casella Waste Systems has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays started coverage on Casella Waste Systems in a research report on Friday. They issued an "underweight" rating and a $88.00 price objective for the company. Cowen reaffirmed a "buy" rating on shares of Casella Waste Systems in a research report on Friday, June 6th. Loop Capital raised Casella Waste Systems from a "hold" rating to a "buy" rating and set a $88.00 price objective for the company in a report on Friday. William Blair reissued 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 company a "strong-buy" rating in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $114.38.

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.