Visualize Group LP Invests $8.81 Million 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 purchased 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 and Exchange Commission. The firm purchased 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 portfolio, making the stock its 9th biggest holding. Visualize Group LP owned approximately 0.12% of Casella Waste Systems as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of CWST. Schonfeld Strategic Advisors LLC purchased a new position in shares of Casella Waste Systems during the 4th quarter worth $278,000. Captrust Financial Advisors lifted its stake in shares of Casella Waste Systems by 1.3% during the 4th quarter. Captrust Financial Advisors now owns 12,267 shares of the industrial products company's stock valued at $1,298,000 after buying an additional 156 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Casella Waste Systems by 44.0% during the 4th quarter. Deutsche Bank AG now owns 55,006 shares of the industrial products company's stock valued at $5,820,000 after buying an additional 16,820 shares in the last quarter. Focus Partners Wealth lifted its stake in shares of Casella Waste Systems by 1.9% during the 4th quarter. Focus Partners Wealth now owns 38,969 shares of the industrial products company's stock valued at $4,123,000 after buying an additional 717 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Casella Waste Systems by 5.2% during the 4th 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 buying an additional 1,763 shares in the last quarter. Hedge funds and other institutional investors own 99.51% of the company's stock.

Casella Waste Systems Stock Performance

Shares of NASDAQ CWST opened at $94.69 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 1.70. The company has a market cap of $6.01 billion, a P/E ratio of 526.06 and a beta of 0.84. The firm's fifty day moving average is $104.74 and its two-hundred day moving average is $110.70. Casella Waste Systems, Inc. has a 52-week low of $93.63 and a 52-week high of $121.24.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research note on Tuesday, July 15th. 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 note on Monday, August 4th. Finally, Cowen restated a "buy" rating on shares of Casella Waste Systems in a research note on Friday, June 6th. One 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's stock. Based on data from MarketBeat.com, Casella Waste Systems has a consensus rating of "Moderate Buy" and a consensus target price 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.

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