Casella Waste Systems, Inc. $CWST Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP reduced its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 23.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,442 shares of the industrial products company’s stock after selling 10,321 shares during the quarter. Advantage Alpha Capital Partners LP owned about 0.05% of Casella Waste Systems worth $3,859,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CWST. Ameritas Advisory Services LLC bought a new stake in shares of Casella Waste Systems during the 2nd quarter worth about $25,000. Maseco LLP acquired a new position in shares of Casella Waste Systems during the second quarter valued at approximately $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 acquiring an additional 166 shares during the period. Geneos Wealth Management Inc. raised its holdings 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 purchasing an additional 184 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in Casella Waste Systems in the second quarter worth approximately $33,000. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Trading Down 0.2%

Shares of NASDAQ CWST opened at $96.72 on Friday. 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, Inc. has a 12 month low of $82.22 and a 12 month high of $121.24. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 537.33 and a beta of 0.83. The business has a fifty day simple moving average of $89.85 and a 200-day simple moving average of $101.41.

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

Wall Street Analyst Weigh In

CWST has been the topic of several research analyst reports. The Goldman Sachs Group lowered their price target on Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Loop Capital raised 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. Stifel Nicolaus assumed coverage on shares of Casella Waste Systems in a research report on Monday, September 29th. They issued a “buy” rating and a $113.00 price target on the stock. UBS Group raised 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 report on Monday, November 3rd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Casella Waste Systems in a report on Wednesday, October 8th. One 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 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 $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.