Casella Waste Systems, Inc. $CWST Shares Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lifted its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 30.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,099 shares of the industrial products company’s stock after buying an additional 13,993 shares during the period. Mutual of America Capital Management LLC owned approximately 0.09% of Casella Waste Systems worth $5,702,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in Casella Waste Systems in the second quarter valued at $25,000. Caitong International Asset Management Co. Ltd boosted its position 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 valued at $25,000 after purchasing an additional 166 shares during the period. Geneos Wealth Management Inc. grew its stake in 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 worth $27,000 after buying an additional 184 shares during the last quarter. First Horizon Corp purchased a new position in Casella Waste Systems during the 3rd quarter worth approximately $31,000. Finally, AlphaQuest LLC acquired a new position in Casella Waste Systems during the second quarter worth approximately $33,000. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Casella Waste Systems Stock Down 1.4%

Shares of Casella Waste Systems stock opened at $104.39 on Thursday. Casella Waste Systems, Inc. has a one year low of $82.22 and a one year high of $121.24. The company has a market cap of $6.63 billion, a P/E ratio of 434.98 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.43 and a current ratio of 1.51. The firm has a fifty day moving average of $99.92 and a two-hundred day moving average of $96.77.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Thursday, October 30th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. The business had revenue of $485.35 million for the quarter, compared to analyst estimates of $477.24 million. Casella Waste Systems had a net margin of 0.85% and a return on equity of 5.63%. The business’s revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 earnings per share. On average, analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CWST has been the subject of several research analyst reports. Raymond James Financial reissued a “strong-buy” rating and issued a $120.00 price objective on shares of Casella Waste Systems in a report on Monday, November 3rd. JPMorgan Chase & Co. assumed coverage on shares of Casella Waste Systems in a research note on Thursday, December 11th. They set a “neutral” rating and a $112.00 price target for the company. Jefferies Financial Group set a $120.00 price objective on shares of Casella Waste Systems and gave the stock a “buy” rating in a research report on Tuesday, January 6th. UBS Group upped their target price on shares of Casella Waste Systems from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Finally, Barclays set a $95.00 target price on shares of Casella Waste Systems and gave the stock an “equal weight” rating in a research note on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Casella Waste Systems has a consensus rating of “Moderate Buy” and a consensus target price of $114.33.

Casella Waste Systems Profile

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.