American Century Companies Inc. Purchases 154,870 Shares of Casella Waste Systems, Inc. $CWST

American Century Companies Inc. grew its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 19.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 942,543 shares of the industrial products company’s stock after acquiring an additional 154,870 shares during the period. American Century Companies Inc. owned about 1.48% of Casella Waste Systems worth $108,751,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Maseco LLP bought a new position in Casella Waste Systems during the second quarter valued at $25,000. Ameritas Advisory Services LLC bought a new stake in shares of Casella Waste Systems in the 2nd quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Casella Waste Systems by 325.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 217 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 166 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Casella Waste Systems by 301.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 184 shares during the last quarter. Finally, AlphaQuest LLC purchased a new stake in Casella Waste Systems during the 2nd quarter valued at $33,000. 99.51% of the stock is owned by hedge funds and other institutional investors.

Casella Waste Systems Trading Up 2.5%

NASDAQ CWST opened at $96.91 on Wednesday. The company’s 50-day moving average price is $89.50 and its 200-day moving average price is $101.48. 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 $6.15 billion, a PE ratio of 538.39 and a beta of 0.83. 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 announced its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. The company had revenue of $485.35 million during the quarter, compared to analyst estimates of $477.24 million. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.97%. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. Casella Waste Systems has set its FY 2025 guidance at EPS. Equities research analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Casella Waste Systems in a research note on Wednesday, October 8th. Barclays set a $95.00 target price on shares of Casella Waste Systems and gave the stock an “equal weight” rating in a report on Monday, November 3rd. Loop Capital upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Friday, September 19th. UBS Group raised their price objective on shares of Casella Waste Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, The Goldman Sachs Group dropped their target price on Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Casella Waste Systems presently has an average rating of “Moderate Buy” and an average price target of $113.75.

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.