Visualize Group LP Acquires Shares of 48,875 Casella Waste Systems, Inc. $CWST

Key Points

• Visualize Group LP has acquired a new position in Casella Waste Systems, purchasing 48,875 shares valued at approximately $5.45 million, making it 2.9% of their total holdings.
• Analysts have generally rated Casella Waste Systems positively, with William Blair and Raymond James Financial both issuing "buy" ratings and a target price of $125.00.
• For the latest quarter, Casella Waste Systems reported an earnings per share (EPS) of $0.36, exceeding expectations, with revenue up 23.4% year-over-year.

Visualize Group LP purchased a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 48,875 shares of the industrial products company's stock, valued at approximately $5,450,000. Casella Waste Systems makes up about 2.9% of Visualize Group LP's portfolio, making the stock its 10th largest holding. Visualize Group LP owned approximately 0.08% of Casella Waste Systems as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Quarry LP bought a new stake in Casella Waste Systems in the 4th quarter worth approximately $30,000. NBC Securities Inc. bought a new position in Casella Waste Systems in the 1st quarter worth $31,000. Opal Wealth Advisors LLC purchased a new stake in Casella Waste Systems in the 1st quarter worth $34,000. Signaturefd LLC lifted its stake in Casella Waste Systems by 17.3% in the 1st quarter. Signaturefd LLC now owns 941 shares of the industrial products company's stock worth $105,000 after purchasing an additional 139 shares in the last quarter. Finally, Harbor Investment Advisory LLC lifted its stake in Casella Waste Systems by 22.2% in the 1st quarter. Harbor Investment Advisory LLC now owns 975 shares of the industrial products company's stock worth $109,000 after purchasing an additional 177 shares in the last quarter. Institutional investors own 99.51% of the company's stock.

Casella Waste Systems Stock Performance

Shares of NASDAQ:CWST traded down $0.89 during trading on Friday, hitting $94.69. The stock had a trading volume of 490,610 shares, compared to its average volume of 488,338. 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 has a 50-day simple moving average of $104.74 and a two-hundred day simple moving average of $110.77. Casella Waste Systems, Inc. has a 12-month low of $93.63 and a 12-month high of $121.24. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of 526.06 and a beta of 0.84.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its earnings results on Thursday, July 31st. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.05. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.97%. The firm had revenue of $465.33 million during the quarter, compared to analysts' expectations of $454.01 million. During the same quarter last year, the company 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, equities research analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Raymond James Financial set a $125.00 target price on shares of Casella Waste Systems and gave the company a "strong-buy" rating in a research 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 restated an "outperform" rating on shares of Casella Waste Systems in a research note on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $123.17.

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.