Wealth Enhancement Advisory Services LLC Trims Holdings in Casella Waste Systems, Inc. $CWST

Wealth Enhancement Advisory Services LLC decreased its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 4.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,882 shares of the industrial products company’s stock after selling 1,720 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.06% of Casella Waste Systems worth $4,636,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. lifted its position in Casella Waste Systems by 6.2% during the second quarter. Harbor Capital Advisors Inc. now owns 67,800 shares of the industrial products company’s stock worth $7,823,000 after buying an additional 3,942 shares in the last quarter. Voya Investment Management LLC lifted its position in 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 in the last quarter. Rhumbline Advisers lifted its position in Casella Waste Systems by 5.6% during the first quarter. Rhumbline Advisers now owns 91,720 shares of the industrial products company’s stock worth $10,228,000 after buying an additional 4,862 shares in the last quarter. Strs Ohio purchased a new position in Casella Waste Systems during the first quarter worth approximately $814,000. Finally, Geneos Wealth Management Inc. lifted its position 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 buying an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CWST shares. Raymond James Financial set a $125.00 price objective on Casella Waste Systems and gave the stock a “strong-buy” rating in a research report on Monday, August 4th. Barclays began coverage on Casella Waste Systems in a research note on Friday, September 19th. They set an “underweight” rating and a $88.00 target price for the company. William Blair reissued an “outperform” rating on shares of Casella Waste Systems in a research note on Tuesday, July 15th. Cowen reissued a “buy” rating on shares of Casella Waste Systems in a research note on Friday, June 6th. Finally, Loop Capital raised Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Casella Waste Systems presently has an average rating of “Moderate Buy” and a consensus target price of $114.38.

Casella Waste Systems Trading Down 2.8%

Shares of NASDAQ CWST opened at $88.21 on Friday. 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. The stock has a fifty day simple moving average of $98.50 and a 200-day simple moving average of $108.65. The stock has a market capitalization of $5.60 billion, a PE ratio of 490.06 and a beta of 0.84.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.36 earnings per share for the quarter, beating 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 business had revenue of $465.33 million during the quarter, compared to analysts’ expectations of $454.01 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The company’s revenue was up 23.4% on a year-over-year basis. Casella Waste Systems has set its FY 2025 guidance at EPS. On average, equities analysts forecast 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.