Casella Waste Systems, Inc. $CWST Shares Sold by KBC Group NV

KBC Group NV trimmed its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 34.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,668 shares of the industrial products company’s stock after selling 877 shares during the period. KBC Group NV’s holdings in Casella Waste Systems were worth $192,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Invesco Ltd. increased its position in shares of Casella Waste Systems by 18.3% during the first quarter. Invesco Ltd. now owns 2,165,010 shares of the industrial products company’s stock worth $241,420,000 after purchasing an additional 334,790 shares in the last quarter. Select Equity Group L.P. increased its stake in Casella Waste Systems by 617.0% in the first quarter. Select Equity Group L.P. now owns 205,795 shares of the industrial products company’s stock valued at $22,948,000 after purchasing an additional 177,093 shares during the period. Voya Investment Management LLC boosted its stake in shares of Casella Waste Systems by 60.9% during the first quarter. Voya Investment Management LLC now owns 450,111 shares of the industrial products company’s stock worth $50,192,000 after buying an additional 170,368 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Casella Waste Systems by 112.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 318,035 shares of the industrial products company’s stock worth $35,464,000 after buying an additional 168,003 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its position in Casella Waste Systems by 13.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,419,799 shares of the industrial products company’s stock valued at $158,322,000 after acquiring an additional 163,363 shares during the period. Institutional investors and hedge funds own 99.51% of the company’s stock.

Analyst Ratings Changes

CWST has been the subject of a number of recent research reports. Raymond James Financial reaffirmed a “strong-buy” rating and set a $120.00 price objective on shares of Casella Waste Systems in a research report on Monday, November 3rd. Loop Capital upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Friday, September 19th. Barclays set a $95.00 target price on Casella Waste Systems and gave the stock an “equal weight” rating in a research report on Monday, November 3rd. The Goldman Sachs Group reduced their price target on Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Casella Waste Systems in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $113.75.

Casella Waste Systems Stock Performance

CWST opened at $91.21 on Wednesday. Casella Waste Systems, Inc. has a 1-year low of $82.22 and a 1-year high of $121.24. The stock has a market cap of $5.79 billion, a P/E ratio of 506.72 and a beta of 0.83. The stock’s 50 day simple moving average is $89.16 and its 200 day simple moving average is $102.35. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.70 and a quick ratio of 1.61.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.09. The firm had revenue of $485.35 million during the quarter, compared to analysts’ expectations of $477.24 million. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%.Casella Waste Systems’s revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. Casella Waste Systems has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate 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.