Congress Wealth Management LLC DE Lowers Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Congress Wealth Management LLC DE lowered its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,097 shares of the industrial products company’s stock after selling 570 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Casella Waste Systems were worth $328,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CWST. Advantage Alpha Capital Partners LP grew its holdings in Casella Waste Systems by 29.7% during the 4th quarter. Advantage Alpha Capital Partners LP now owns 52,735 shares of the industrial products company’s stock valued at $5,580,000 after buying an additional 12,082 shares in the last quarter. Summit Creek Advisors LLC grew its stake in Casella Waste Systems by 59.8% during the fourth quarter. Summit Creek Advisors LLC now owns 179,037 shares of the industrial products company’s stock valued at $18,944,000 after acquiring an additional 66,990 shares in the last quarter. Vanguard Group Inc. increased its holdings in Casella Waste Systems by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 6,110,529 shares of the industrial products company’s stock valued at $646,555,000 after acquiring an additional 123,001 shares during the last quarter. LPL Financial LLC lifted its stake in Casella Waste Systems by 37.9% in the 4th quarter. LPL Financial LLC now owns 25,067 shares of the industrial products company’s stock worth $2,652,000 after purchasing an additional 6,888 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Casella Waste Systems during the fourth quarter valued at about $1,693,000. Institutional investors own 99.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CWST. Jefferies Financial Group lowered Casella Waste Systems from a “buy” rating to a “hold” rating and dropped their price target for the company from $115.00 to $113.00 in a research note on Thursday, January 23rd. Stifel Nicolaus raised their target price 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. Finally, William Blair restated an “outperform” rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.75.

Casella Waste Systems Stock Performance

NASDAQ CWST opened at $110.70 on Friday. The business’s 50 day moving average price is $109.73 and its 200-day moving average price is $106.98. Casella Waste Systems, Inc. has a fifty-two week low of $86.41 and a fifty-two week high of $116.31. The company has a market cap of $7.01 billion, a P/E ratio of 481.30, a P/E/G ratio of 3.86 and a beta of 1.05. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data 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 0.87% and a return on equity of 4.15%. Sell-side 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.