Casella Waste Systems, Inc. $CWST Stock Holdings Lifted by F m Investments LLC

F m Investments LLC lifted its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 10.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,185 shares of the industrial products company's stock after purchasing an additional 4,165 shares during the period. F m Investments LLC owned 0.07% of Casella Waste Systems worth $5,098,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CWST. Maseco LLP acquired a new position in Casella Waste Systems in the second quarter worth about $25,000. Ameritas Advisory Services LLC bought a new stake in shares of Casella Waste Systems in the 2nd quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Casella Waste Systems by 325.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 217 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 166 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Casella Waste Systems by 301.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company's stock worth $27,000 after buying an additional 184 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of Casella Waste Systems in the 2nd quarter worth approximately $33,000. Institutional investors own 99.51% of the company's stock.

Casella Waste Systems Stock Performance

Shares of Casella Waste Systems stock opened at $96.72 on Friday. 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 firm has a 50 day simple moving average of $89.85 and a 200 day simple moving average of $101.41. Casella Waste Systems, Inc. has a fifty-two week low of $82.22 and a fifty-two week high of $121.24. The firm has a market cap of $6.14 billion, a P/E ratio of 537.33 and a beta of 0.83.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its earnings results on Thursday, October 30th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.09. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.97%. The company had revenue of $485.35 million for the quarter, compared to the consensus estimate of $477.24 million. During the same period in the prior year, the company posted $0.27 EPS. The company's revenue was up 17.9% compared to the same quarter last year. Casella Waste Systems has set its FY 2025 guidance at EPS. Sell-side analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on CWST. Raymond James Financial reiterated a "strong-buy" rating and issued a $120.00 price target on shares of Casella Waste Systems in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Casella Waste Systems in a report on Wednesday, October 8th. UBS Group lifted their price target on shares of Casella Waste Systems from $135.00 to $140.00 and gave the company a "buy" rating in a 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 target on the stock in a research report on Friday, September 19th. Finally, Stifel Nicolaus initiated coverage on shares of Casella Waste Systems in a research note on Monday, September 29th. They set a "buy" rating and a $113.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Casella Waste Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $113.75.

Read Our Latest Research Report on CWST

Casella Waste Systems Company 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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