Mutual of America Capital Management LLC Acquires 4,154 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Mutual of America Capital Management LLC grew its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 8.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,413 shares of the industrial products company’s stock after buying an additional 4,154 shares during the period. Mutual of America Capital Management LLC owned approximately 0.09% of Casella Waste Systems worth $5,200,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in Casella Waste Systems by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 861,463 shares of the industrial products company’s stock worth $85,476,000 after buying an additional 26,189 shares during the period. Williams Financial LLC bought a new stake in shares of Casella Waste Systems in the 2nd quarter worth about $2,427,000. Envestnet Asset Management Inc. raised its position in Casella Waste Systems by 1.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 316,833 shares of the industrial products company’s stock worth $31,436,000 after purchasing an additional 4,504 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in Casella Waste Systems by 34.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 71,543 shares of the industrial products company’s stock worth $7,098,000 after purchasing an additional 18,417 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of Casella Waste Systems by 36.1% during the second quarter. Federated Hermes Inc. now owns 11,374 shares of the industrial products company’s stock valued at $1,129,000 after buying an additional 3,019 shares during the period. 99.51% of the stock is currently owned by institutional investors.

Casella Waste Systems Trading Down 1.4 %

CWST opened at $99.83 on Friday. Casella Waste Systems, Inc. has a 52 week low of $72.97 and a 52 week high of $109.08. The company has a market capitalization of $5.79 billion, a P/E ratio of 322.03, a PEG ratio of 9.08 and a beta of 0.99. The stock’s fifty day moving average is $104.80 and its two-hundred day moving average is $99.51. The company has a quick ratio of 1.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.94.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.06). Casella Waste Systems had a net margin of 1.35% and a return on equity of 3.83%. The firm had revenue of $377.20 million for the quarter, compared to analysts’ expectations of $373.87 million. During the same quarter in the prior year, the business posted $0.36 EPS. The business’s quarterly revenue was up 30.2% on a year-over-year basis. Analysts forecast that Casella Waste Systems, Inc. will post 0.57 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on CWST shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $117.00 price objective (up previously from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Raymond James upped their price target on shares of Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $108.20.

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.