Envestnet Portfolio Solutions Inc. Boosts Stock Holdings in Casella Waste Systems, Inc. $CWST

Envestnet Portfolio Solutions Inc. boosted its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 8.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,835 shares of the industrial products company’s stock after buying an additional 289 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Casella Waste Systems were worth $442,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Teacher Retirement System of Texas purchased a new stake in Casella Waste Systems during the 1st quarter worth approximately $1,480,000. GAMMA Investing LLC increased its stake 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 in the last quarter. Intech Investment Management LLC increased its stake 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 in the last quarter. Mutual of America Capital Management LLC increased its stake 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 in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Casella Waste Systems during the 2nd quarter worth approximately $246,000. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CWST has been the topic of several recent research reports. UBS Group lowered their target price on Casella Waste Systems from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, October 16th. William Blair restated an “outperform” rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. Stifel Nicolaus initiated coverage on Casella Waste Systems in a report on Monday, September 29th. They set a “buy” rating and a $113.00 target price on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Casella Waste Systems in a report on Wednesday, October 8th. Finally, Barclays initiated coverage on Casella Waste Systems in a report on Friday, September 19th. They set an “underweight” rating and a $88.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.38.

Casella Waste Systems Trading Up 3.2%

Shares of Casella Waste Systems stock opened at $89.99 on Thursday. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 499.94 and a beta of 0.84. Casella Waste Systems, Inc. has a fifty-two week low of $84.50 and a fifty-two week high of $121.24. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 1.70. The stock has a 50 day moving average of $92.86 and a 200 day moving average of $105.98.

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, topping the consensus estimate of $0.31 by $0.05. The company had revenue of $465.33 million during the quarter, compared to analyst estimates of $454.01 million. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%.The firm’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 earnings per share. Casella Waste Systems has set its FY 2025 guidance at EPS. As a group, research analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current 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.