Visualize Group LP Makes New $8.81 Million Investment in Casella Waste Systems, Inc. $CWST

Key Points

• Visualize Group LP invested approximately $8.81 million in Casella Waste Systems, Inc., acquiring 78,966 shares, which now represent 2.9% of its portfolio.
• Casella Waste Systems reported $0.36 earnings per share for the last quarter, exceeding analysts' expectations, and its revenue was up 23.4% compared to the same quarter last year.
• Analysts maintain a consensus rating of "Moderate Buy" for Casella Waste Systems, with a target price of $123.17, indicating optimism for its growth potential.

Visualize Group LP bought a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 78,966 shares of the industrial products company's stock, valued at approximately $8,805,000. Casella Waste Systems comprises approximately 2.9% of Visualize Group LP's investment portfolio, making the stock its 9th biggest holding. Visualize Group LP owned 0.12% of Casella Waste Systems at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CWST. NBC Securities Inc. acquired a new position in shares of Casella Waste Systems in the 1st quarter valued at $31,000. Opal Wealth Advisors LLC acquired a new position in shares of Casella Waste Systems in the 1st quarter valued at $34,000. Signaturefd LLC raised 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 buying an additional 139 shares in the last quarter. Harbor Investment Advisory LLC raised its stake in shares of 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 valued at $109,000 after buying an additional 177 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Casella Waste Systems by 138.6% in the 1st quarter. GAMMA Investing LLC now owns 1,303 shares of the industrial products company's stock valued at $145,000 after buying an additional 757 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CWST has been the subject of a number of recent research reports. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research note on Tuesday, July 15th. Cowen restated a "buy" rating on shares of Casella Waste Systems in a research note on Friday, June 6th. Finally, Raymond James Financial set a $125.00 price objective on shares of Casella Waste Systems and gave the company a "strong-buy" rating in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $123.17.

Casella Waste Systems Price Performance

Shares of Casella Waste Systems stock traded down $1.60 during mid-day trading on Friday, reaching $91.13. 299,287 shares of the stock were exchanged, compared to its average volume of 473,474. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 506.28 and a beta of 0.84. 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 firm has a 50-day simple moving average of $102.55 and a 200 day simple moving average of $110.03. Casella Waste Systems, Inc. has a fifty-two week low of $90.68 and a fifty-two week high of $121.24.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.05. The business had revenue of $465.33 million during the quarter, compared to analysts' expectations of $454.01 million. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.97%. The firm's revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter last year, the company posted $0.22 EPS. Casella Waste Systems has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

About Casella Waste Systems

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.