Genesee Capital Advisors LLC Acquires 382 Shares of Casella Waste Systems, Inc. $CWST

Genesee Capital Advisors LLC lifted its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 5.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,018 shares of the industrial products company’s stock after acquiring an additional 382 shares during the period. Genesee Capital Advisors LLC’s holdings in Casella Waste Systems were worth $810,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in CWST. Maseco LLP bought a new position in shares of Casella Waste Systems in the 2nd quarter worth about $25,000. Ameritas Advisory Services LLC bought a new stake in Casella Waste Systems in the 2nd quarter valued at about $25,000. Geneos Wealth Management Inc. increased its position in 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 valued at $27,000 after buying an additional 184 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in Casella Waste Systems in the 1st quarter valued at about $34,000. Finally, CWM LLC increased its position in Casella Waste Systems by 53.7% in the 2nd quarter. CWM LLC now owns 693 shares of the industrial products company’s stock valued at $80,000 after buying an additional 242 shares in the last quarter. 99.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CWST has been the subject of a number of research analyst reports. Stifel Nicolaus initiated coverage on Casella Waste Systems in a research report on Monday, September 29th. They issued a “buy” rating and a $113.00 target price for the company. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Casella Waste Systems in a research report on Monday, October 6th. William Blair reaffirmed an “outperform” rating on shares of Casella Waste Systems in a research report on Tuesday, July 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Casella Waste Systems in a research report on Wednesday, October 8th. 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 report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.38.

Casella Waste Systems Price Performance

Shares of NASDAQ CWST opened at $89.63 on Monday. Casella Waste Systems, Inc. has a twelve month low of $85.21 and a twelve month high of $121.24. The stock’s 50 day moving average price is $94.81 and its 200-day moving average price is $107.26. The company has a market capitalization of $5.69 billion, a PE ratio of 497.94 and a beta of 0.84. The company has a quick ratio of 1.61, a current ratio of 1.70 and a debt-to-equity ratio of 0.72.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, July 31st. The industrial products company reported $0.36 earnings per share for the quarter, topping 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 firm had revenue of $465.33 million for the quarter, compared to the consensus estimate of $454.01 million. During the same quarter in the previous year, the business earned $0.22 EPS. The company’s revenue was up 23.4% compared to the same quarter last year. Casella Waste Systems has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

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.