Valmark Advisers Inc. Has $1.53 Million Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Valmark Advisers Inc. boosted its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 1.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,499 shares of the industrial products company’s stock after acquiring an additional 225 shares during the quarter. Valmark Advisers Inc.’s holdings in Casella Waste Systems were worth $1,534,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Creative Planning raised its holdings in Casella Waste Systems by 16.4% in the third quarter. Creative Planning now owns 18,071 shares of the industrial products company’s stock worth $1,798,000 after purchasing an additional 2,541 shares during the period. Raymond James & Associates raised its holdings in Casella Waste Systems by 2.8% in the third quarter. Raymond James & Associates now owns 223,992 shares of the industrial products company’s stock worth $22,285,000 after purchasing an additional 6,206 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Casella Waste Systems by 108.0% in the third quarter. Harbor Capital Advisors Inc. now owns 66,129 shares of the industrial products company’s stock worth $6,579,000 after purchasing an additional 34,340 shares during the period. Asset Management One Co. Ltd. raised its holdings in Casella Waste Systems by 4.9% in the third quarter. Asset Management One Co. Ltd. now owns 154,422 shares of the industrial products company’s stock worth $15,303,000 after purchasing an additional 7,185 shares during the period. Finally, Amalgamated Bank raised its holdings in Casella Waste Systems by 6.4% in the third quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock worth $210,000 after purchasing an additional 126 shares during the period. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CWST has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Jefferies Financial Group downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. William Blair reissued an “outperform” rating on shares of Casella Waste Systems in a research report on Friday. Finally, Stifel Nicolaus increased their price objective on shares of Casella Waste Systems from $117.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Casella Waste Systems presently has a consensus rating of “Moderate Buy” and an average target price of $113.80.

Casella Waste Systems Stock Up 4.3 %

Casella Waste Systems stock opened at $111.36 on Monday. The company has a market cap of $7.05 billion, a P/E ratio of 928.00, a price-to-earnings-growth ratio of 3.89 and a beta of 1.04. Casella Waste Systems, Inc. has a 1-year low of $84.45 and a 1-year high of $114.88. The company has a fifty day simple moving average of $107.60 and a 200 day simple moving average of $105.75. The company has a current ratio of 2.55, a quick ratio of 2.48 and a debt-to-equity ratio of 0.68.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. Research analysts anticipate that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal 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.