XTX Topco Ltd Acquires New Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

XTX Topco Ltd bought a new position in Casella Waste Systems, Inc. (NASDAQ:CWST) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,689 shares of the industrial products company’s stock, valued at approximately $366,000.

Several other large investors also recently made changes to their positions in CWST. Principal Financial Group Inc. grew its holdings in Casella Waste Systems by 1.8% in the 2nd quarter. Principal Financial Group Inc. now owns 7,730 shares of the industrial products company’s stock worth $767,000 after buying an additional 135 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Casella Waste Systems by 76.4% in the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 139 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Casella Waste Systems by 1.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 16,286 shares of the industrial products company’s stock valued at $1,610,000 after purchasing an additional 160 shares during the period. Harbor Investment Advisory LLC raised its stake in shares of Casella Waste Systems by 38.1% during the first quarter. Harbor Investment Advisory LLC now owns 613 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 169 shares in the last quarter. Finally, Lindenwold Advisors INC lifted its holdings in Casella Waste Systems by 4.4% in the first quarter. Lindenwold Advisors INC now owns 4,671 shares of the industrial products company’s stock worth $462,000 after purchasing an additional 195 shares during the period. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Stock Down 1.7 %

NASDAQ CWST opened at $98.26 on Friday. Casella Waste Systems, Inc. has a 12 month low of $72.97 and a 12 month high of $109.08. The company has a market capitalization of $5.71 billion, a P/E ratio of 316.97, a PEG ratio of 7.89 and a beta of 0.99. The company’s 50 day simple moving average is $104.29 and its 200 day simple moving average is $99.64. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 1.51.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Thursday, August 1st. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). The company had revenue of $377.20 million during the quarter, compared to analyst estimates of $373.87 million. Casella Waste Systems had a return on equity of 3.83% and a net margin of 1.35%. The business’s revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 earnings per share. Equities research analysts expect that Casella Waste Systems, Inc. will post 0.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CWST shares. Stifel Nicolaus reissued a “buy” rating and set a $117.00 target price (up previously from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. Raymond James boosted their target price on Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 19th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $108.20.

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.