Bank of Montreal Can Raises Stock Position in Casella Waste Systems, Inc. $CWST

Bank of Montreal Can grew its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 26.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,550 shares of the industrial products company’s stock after acquiring an additional 1,575 shares during the period. Bank of Montreal Can’s holdings in Casella Waste Systems were worth $871,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Maseco LLP purchased a new position in Casella Waste Systems during the 2nd quarter worth $25,000. Ameritas Advisory Services LLC bought a new position in shares of Casella Waste Systems during the 2nd quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Casella Waste Systems by 325.5% during the second quarter. Caitong International Asset Management Co. Ltd now owns 217 shares of the industrial products company’s stock valued at $25,000 after buying 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 first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 184 shares in the last quarter. Finally, AlphaQuest LLC bought a new stake in shares of Casella Waste Systems in the second quarter valued at about $33,000. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Price Performance

NASDAQ CWST opened at $89.20 on Friday. The firm’s fifty day simple moving average is $89.27 and its two-hundred day simple moving average is $102.84. The firm has a market capitalization of $5.66 billion, a P/E ratio of 495.56 and a beta of 0.83. The company has a current ratio of 1.70, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. Casella Waste Systems, Inc. has a 12-month low of $82.22 and a 12-month high of $121.24.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.33 by $0.09. The firm had revenue of $485.35 million during the quarter, compared to analyst estimates of $477.24 million. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%.The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 EPS. Casella Waste Systems has set its FY 2025 guidance at EPS. Analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on CWST shares. Loop Capital upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Friday, September 19th. Raymond James Financial reaffirmed 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. UBS Group increased their price objective on shares of Casella Waste Systems from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Stifel Nicolaus began coverage on shares of Casella Waste Systems in a research note on Monday, September 29th. They issued a “buy” rating and a $113.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Casella Waste Systems in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $113.75.

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.