Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC boosted its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 40.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,015 shares of the industrial products company’s stock after buying an additional 6,584 shares during the quarter. Intech Investment Management LLC’s holdings in Casella Waste Systems were worth $2,435,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CWST. Mather Group LLC. grew its position in Casella Waste Systems by 1,606.7% during the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company’s stock valued at $27,000 after buying an additional 241 shares during the period. Jones Financial Companies Lllp grew its position in Casella Waste Systems by 156.5% during the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company’s stock valued at $34,000 after buying an additional 194 shares during the period. Eagle Bay Advisors LLC acquired a new stake in Casella Waste Systems during the fourth quarter valued at $58,000. Harbor Investment Advisory LLC grew its position in Casella Waste Systems by 30.2% during the fourth quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company’s stock valued at $84,000 after buying an additional 185 shares during the period. Finally, Signaturefd LLC lifted its holdings in Casella Waste Systems by 16.4% during the fourth quarter. Signaturefd LLC now owns 802 shares of the industrial products company’s stock valued at $85,000 after purchasing an additional 113 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CWST. Stifel Nicolaus increased their price objective on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Jefferies Financial Group downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating and decreased their price objective for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. Finally, William Blair reaffirmed an “outperform” rating on shares of Casella Waste Systems in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.75.

Casella Waste Systems Stock Performance

NASDAQ:CWST opened at $110.79 on Friday. Casella Waste Systems, Inc. has a twelve month low of $86.41 and a twelve month high of $116.31. The company has a market cap of $7.02 billion, a P/E ratio of 481.70, a P/E/G ratio of 3.86 and a beta of 1.05. The company’s 50-day moving average price is $109.64 and its 200-day moving average price is $106.73. 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 (NASDAQ:CWST) last released its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. On average, sell-side analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal 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.