Casella Waste Systems, Inc. $CWST Holdings Reduced by Kraematon Investment Advisors Inc.

Kraematon Investment Advisors Inc. lowered its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 16.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,533 shares of the industrial products company’s stock after selling 7,500 shares during the period. Casella Waste Systems accounts for 4.1% of Kraematon Investment Advisors Inc.’s investment portfolio, making the stock its 3rd largest position. Kraematon Investment Advisors Inc.’s holdings in Casella Waste Systems were worth $4,331,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Maseco LLP purchased a new position in shares of Casella Waste Systems during the 2nd quarter worth $25,000. Ameritas Advisory Services LLC purchased a new position in Casella Waste Systems during the second quarter worth about $25,000. Geneos Wealth Management Inc. raised its stake in Casella Waste Systems by 301.6% during the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 184 shares during the period. NBC Securities Inc. acquired a new position in Casella Waste Systems in the 1st quarter valued at about $31,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Casella Waste Systems in the 1st quarter valued at approximately $34,000. 99.51% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems Price Performance

Shares of CWST opened at $91.78 on Friday. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 509.89 and a beta of 0.84. The firm’s fifty day simple moving average is $96.49 and its 200-day simple moving average is $107.98. Casella Waste Systems, Inc. has a twelve month low of $85.21 and a twelve month high of $121.24. The company has a current ratio of 1.70, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Thursday, July 31st. The industrial products company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. The firm had revenue of $465.33 million during 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%. The company’s revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 earnings per share. Casella Waste Systems has set its FY 2025 guidance at EPS. Equities analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CWST. William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. Stifel Nicolaus assumed coverage on Casella Waste Systems in a research note on Monday, September 29th. They issued a “buy” rating and a $113.00 price target on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Casella Waste Systems in a research report on Saturday, September 27th. Loop Capital upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Friday, September 19th. Finally, Raymond James Financial set a $125.00 target price on shares of Casella Waste Systems and gave the stock a “strong-buy” rating in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $112.38.

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.