William Blair Investment Management LLC Has $207.70 Million Stock Holdings in Casella Waste Systems, Inc. $CWST

Key Points

• William Blair Investment Management LLC reduced its holdings in Casella Waste Systems by 18.8% to $207.70 million, owning 1,800,155 shares after selling 416,110 shares in the second quarter.
• Analysts have mixed ratings on Casella Waste Systems, with a consensus rating of "Moderate Buy" and a price target average of $112.38.
• Casella Waste Systems reported earnings of $0.36 per share in its last quarterly report, surpassing expectations, with revenues of $465.33 million, up 23.4% year-over-year.

William Blair Investment Management LLC lessened its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 18.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,800,155 shares of the industrial products company's stock after selling 416,110 shares during the quarter. William Blair Investment Management LLC owned 2.84% of Casella Waste Systems worth $207,702,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Sheets Smith Wealth Management boosted its holdings 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. boosted 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 acquiring an additional 105 shares in the last quarter. Benjamin Edwards Inc. boosted 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 acquiring an additional 110 shares in the last quarter. Signaturefd LLC boosted 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 acquiring an additional 139 shares in the last quarter. Finally, Moran Wealth Management LLC boosted its holdings in shares of Casella Waste Systems by 2.5% during the 2nd quarter. Moran Wealth Management LLC now owns 5,894 shares of the industrial products company's stock valued at $680,000 after acquiring an additional 145 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CWST shares. Stifel Nicolaus started coverage on Casella Waste Systems in a report on Monday, September 29th. They set a "buy" rating and a $113.00 price objective on the stock. Weiss Ratings reissued a "sell (d+)" rating on shares of Casella Waste Systems in a report on Wednesday, October 8th. Barclays began coverage on Casella Waste Systems in a report on Friday, September 19th. They set an "underweight" rating and a $88.00 price objective on the stock. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. Finally, Loop Capital upgraded Casella Waste Systems from a "hold" rating to a "buy" rating and set a $88.00 price target on the stock in a research report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $112.38.

Casella Waste Systems Price Performance

Shares of CWST opened at $85.76 on Friday. Casella Waste Systems, Inc. has a 1 year low of $84.60 and a 1 year 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 company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 476.44 and a beta of 0.84. The business has a 50-day moving average of $93.58 and a 200-day moving average of $106.49.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its quarterly earnings data 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. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%.The company had revenue of $465.33 million during the quarter, compared to the consensus estimate of $454.01 million. During the same period last year, the company earned $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. As a group, equities research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

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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