UniSuper Management Pty Ltd Takes Position in Casella Waste Systems, Inc. $CWST

Key Points

• UniSuper Management Pty Ltd acquired 27,145 shares of Casella Waste Systems, Inc., valued at approximately $3,027,000, during the first quarter.
• A variety of institutional investors have increased their stakes in Casella Waste Systems, with Select Equity Group L.P. raising its holdings by 617% to own 205,795 shares valued at $22,948,000.
• Casella Waste Systems reported a 23.4% year-over-year revenue growth of $465.33 million and an earnings per share of $0.36, surpassing analysts' expectations for the quarter.

UniSuper Management Pty Ltd acquired a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 27,145 shares of the industrial products company's stock, valued at approximately $3,027,000.

A number of other hedge funds have also recently added to or reduced their stakes in CWST. Sheets Smith Wealth Management lifted its stake in shares of Casella Waste Systems by 3.9% in 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 in the last quarter. Moors & Cabot Inc. raised its holdings 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 buying an additional 105 shares during the period. Benjamin Edwards Inc. raised its holdings 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 buying an additional 110 shares during the period. Signaturefd LLC raised its holdings 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 buying an additional 139 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in shares of Casella Waste Systems by 4.3% during the 4th quarter. Mackenzie Financial Corp now owns 3,516 shares of the industrial products company's stock valued at $372,000 after buying an additional 146 shares during the period. 99.51% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems Stock Down 1.7%

CWST stock traded down $1.60 during midday trading on Friday, hitting $91.13. 299,287 shares of the company's stock were exchanged, compared to its average volume of 473,474. The company has a current ratio of 1.70, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. Casella Waste Systems, Inc. has a 12-month low of $90.68 and a 12-month high of $121.24. The firm has a 50 day moving average price of $102.55 and a 200-day moving average price of $110.04. The stock 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 (NASDAQ:CWST - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.36 earnings per share 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 business had revenue of $465.33 million during the quarter, compared to the consensus estimate of $454.01 million. During the same period in the previous year, the business earned $0.22 EPS. The business's quarterly revenue was up 23.4% on a year-over-year basis. Casella Waste Systems has set its FY 2025 guidance at EPS. On average, analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on CWST. Raymond James Financial set a $125.00 target price on Casella Waste Systems and gave the company a "strong-buy" rating in a report on Monday, August 4th. Cowen reiterated a "buy" rating on shares of Casella Waste Systems in a report on Friday, June 6th. Finally, William Blair reiterated an "outperform" rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $123.17.

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.