MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 1,620 Shares of Casella Waste Systems, Inc. $CWST

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 4.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,179 shares of the industrial products company’s stock after acquiring an additional 1,620 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Casella Waste Systems were worth $4,146,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. NBC Securities Inc. bought a new stake in shares of Casella Waste Systems in the first quarter worth about $31,000. Opal Wealth Advisors LLC bought a new stake in shares of Casella Waste Systems in the first quarter worth about $34,000. Signaturefd LLC increased its holdings in shares of Casella Waste Systems by 17.3% in the first quarter. Signaturefd LLC now owns 941 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 139 shares during the last quarter. Harbor Investment Advisory LLC increased its holdings in shares of Casella Waste Systems by 22.2% in the first quarter. Harbor Investment Advisory LLC now owns 975 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 177 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Casella Waste Systems by 138.6% in the first quarter. GAMMA Investing LLC now owns 1,303 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 757 shares during the last quarter. 99.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CWST shares. Cowen reaffirmed a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 6th. 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, William Blair reaffirmed an “outperform” rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $123.17.

Casella Waste Systems Trading Up 1.3%

CWST opened at $92.73 on Friday. The firm has a market cap of $5.89 billion, a P/E ratio of 515.17 and a beta of 0.84. Casella Waste Systems, Inc. has a 12 month low of $90.74 and a 12 month high of $121.24. 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 50-day moving average of $103.02 and a 200 day moving average of $110.17.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.31 by $0.05. The company had revenue of $465.33 million during the quarter, compared to analyst estimates of $454.01 million. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%.The firm’s revenue was up 23.4% on a year-over-year basis. During the same quarter last year, the business posted $0.22 earnings per share. Casella Waste Systems has set its FY 2025 guidance at EPS. As a group, research 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.