27,145 Shares in Casella Waste Systems, Inc. $CWST Acquired by UniSuper Management Pty Ltd

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 position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 27,145 shares of the industrial products company's stock, valued at approximately $3,027,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CWST. Schonfeld Strategic Advisors LLC acquired a new stake in Casella Waste Systems during the fourth quarter worth about $278,000. Captrust Financial Advisors increased its stake in shares of Casella Waste Systems by 1.3% in the fourth quarter. Captrust Financial Advisors now owns 12,267 shares of the industrial products company's stock valued at $1,298,000 after purchasing an additional 156 shares during the period. Deutsche Bank AG increased its stake in shares of Casella Waste Systems by 44.0% in the fourth quarter. Deutsche Bank AG now owns 55,006 shares of the industrial products company's stock valued at $5,820,000 after purchasing an additional 16,820 shares during the period. Focus Partners Wealth increased its stake in shares of Casella Waste Systems by 1.9% in the fourth quarter. Focus Partners Wealth now owns 38,969 shares of the industrial products company's stock valued at $4,123,000 after purchasing an additional 717 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Casella Waste Systems by 5.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,559 shares of the industrial products company's stock valued at $3,762,000 after purchasing an additional 1,763 shares during the period. Institutional investors and hedge funds own 99.51% of the company's stock.

Wall Street Analyst Weigh In

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

Casella Waste Systems Price Performance

Shares of NASDAQ CWST traded down $0.55 during mid-day trading on Monday, reaching $90.59. 65,582 shares of the company traded hands, compared to its average volume of 457,327. Casella Waste Systems, Inc. has a fifty-two week low of $90.68 and a fifty-two week high of $121.24. 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 $5.75 billion, a PE ratio of 503.94 and a beta of 0.84. The stock has a fifty day simple moving average of $102.55 and a 200-day simple moving average of $110.05.

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, beating analysts' consensus estimates of $0.31 by $0.05. The business had revenue of $465.33 million for 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 quarter last year, the business earned $0.22 earnings per share. Casella Waste Systems has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal 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.