Nicholas Company Inc. Buys Shares of 47,683 Casella Waste Systems, Inc. (NASDAQ:CWST)

Nicholas Company Inc. acquired a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 47,683 shares of the industrial products company’s stock, valued at approximately $5,045,000. Nicholas Company Inc. owned 0.08% of Casella Waste Systems at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CWST. Zimmer Partners LP acquired a new position in shares of Casella Waste Systems during the third quarter worth about $50,854,000. Wellington Management Group LLP boosted its position in shares of Casella Waste Systems by 50.4% during the third quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company’s stock worth $144,704,000 after buying an additional 487,661 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Casella Waste Systems during the fourth quarter worth about $31,326,000. Maven Securities LTD acquired a new position in shares of Casella Waste Systems during the third quarter worth about $19,898,000. Finally, Loomis Sayles & Co. L P boosted its position in Casella Waste Systems by 21.8% during the third quarter. Loomis Sayles & Co. L P now owns 848,976 shares of the industrial products company’s stock valued at $84,465,000 after purchasing an additional 151,744 shares during the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CWST. William Blair reissued an “outperform” rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Stifel Nicolaus upped their price objective on Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group lowered Casella Waste Systems from a “buy” rating to a “hold” rating and dropped their price objective for the company from $115.00 to $113.00 in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Casella Waste Systems has a consensus rating of “Moderate Buy” and a consensus price target of $117.75.

Casella Waste Systems Price Performance

Shares of NASDAQ CWST opened at $107.50 on Friday. The firm has a market cap of $6.81 billion, a P/E ratio of 467.39, a price-to-earnings-growth ratio of 3.86 and a beta of 1.05. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70. Casella Waste Systems, Inc. has a 1-year low of $86.41 and a 1-year high of $116.31. The business’s 50 day moving average is $109.39 and its 200-day moving average is $106.66.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.25. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. Equities research analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

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.