Wellington Management Group LLP Sells 267,492 Shares of Casella Waste Systems, Inc. $CWST

Wellington Management Group LLP reduced its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 16.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,376,984 shares of the industrial products company’s stock after selling 267,492 shares during the period. Wellington Management Group LLP’s holdings in Casella Waste Systems were worth $153,547,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CWST. Quarry LP bought a new position in Casella Waste Systems during the 4th quarter valued at about $30,000. NBC Securities Inc. bought a new position in Casella Waste Systems during the 1st quarter valued at about $31,000. Opal Wealth Advisors LLC bought a new position in Casella Waste Systems during the 1st quarter valued at about $34,000. Johnson Financial Group Inc. bought a new position in Casella Waste Systems during the 4th quarter valued at about $44,000. Finally, Signaturefd LLC lifted its holdings in Casella Waste Systems by 17.3% during the 1st quarter. Signaturefd LLC now owns 941 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 139 shares during the last quarter. 99.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on CWST shares. William Blair restated an “outperform” rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. Raymond James Financial set a $125.00 target price on Casella Waste Systems and gave the stock a “strong-buy” rating in a report on Monday, August 4th. Finally, Cowen restated a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Casella Waste Systems currently has an average rating of “Moderate Buy” and an average target price of $123.17.

Casella Waste Systems Stock Performance

CWST stock opened at $101.10 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.70 and a quick ratio of 1.61. The company has a 50 day moving average price of $109.14 and a 200 day moving average price of $111.66. Casella Waste Systems, Inc. has a fifty-two week low of $97.05 and a fifty-two week high of $121.24. The stock has a market capitalization of $6.42 billion, a PE ratio of 561.67, a price-to-earnings-growth ratio of 4.08 and a beta of 0.83.

Casella Waste Systems (NASDAQ:CWST) last posted 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 firm had revenue of $465.33 million during the quarter, compared to analysts’ expectations of $454.01 million. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.97%. Casella Waste Systems’s revenue was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.22 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 year.

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.