Strs Ohio Makes New $814,000 Investment in Casella Waste Systems, Inc. $CWST

Strs Ohio purchased a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,300 shares of the industrial products company’s stock, valued at approximately $814,000.

Other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas purchased a new position in Casella Waste Systems during the 1st quarter worth approximately $1,480,000. GAMMA Investing LLC raised its position in Casella Waste Systems by 138.6% during the 1st quarter. GAMMA Investing LLC now owns 1,303 shares of the industrial products company’s stock worth $145,000 after buying an additional 757 shares during the last quarter. Intech Investment Management LLC raised its position in Casella Waste Systems by 12.9% during the 1st quarter. Intech Investment Management LLC now owns 25,994 shares of the industrial products company’s stock worth $2,899,000 after buying an additional 2,979 shares during the last quarter. Mutual of America Capital Management LLC raised its position in Casella Waste Systems by 0.4% during the 1st quarter. Mutual of America Capital Management LLC now owns 42,187 shares of the industrial products company’s stock worth $4,704,000 after buying an additional 174 shares during the last quarter. Finally, TD Asset Management Inc raised its position in Casella Waste Systems by 30.1% during the 1st quarter. TD Asset Management Inc now owns 26,312 shares of the industrial products company’s stock worth $2,934,000 after buying an additional 6,086 shares during the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.

Casella Waste Systems Trading Down 2.0%

Shares of CWST stock opened at $86.69 on Friday. The company’s 50-day moving average price is $100.19 and its 200-day moving average price is $109.24. The company has a current ratio of 1.70, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 481.61 and a beta of 0.84. Casella Waste Systems, Inc. has a twelve month low of $85.21 and a twelve month high of $121.24.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.05. The firm had revenue of $465.33 million for the quarter, compared to analysts’ expectations 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 company posted $0.22 EPS. Casella Waste Systems has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on CWST. Loop Capital raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Friday. William Blair reaffirmed an “outperform” rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. Barclays began coverage on shares of Casella Waste Systems in a report on Friday. They set an “underweight” rating and a $88.00 target price for the company. 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 report on Monday, August 4th. Finally, Cowen reaffirmed a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $114.38.

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.