National Bank of Canada FI Has $1.63 Million Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

National Bank of Canada FI lessened its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 55.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,359 shares of the industrial products company’s stock after selling 19,058 shares during the period. National Bank of Canada FI’s holdings in Casella Waste Systems were worth $1,627,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. lifted its position in shares of Casella Waste Systems by 1,606.7% in the 4th quarter. Mather Group LLC. now owns 256 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 241 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Casella Waste Systems by 156.5% in the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 194 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in Casella Waste Systems in the fourth quarter worth $58,000. Harbor Investment Advisory LLC boosted its stake 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 worth $84,000 after buying an additional 185 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in Casella Waste Systems by 16.4% in the 4th quarter. Signaturefd LLC now owns 802 shares of the industrial products company’s stock valued at $85,000 after buying an additional 113 shares during the period. 99.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. William Blair reiterated 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 downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and cut their target price for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Casella Waste Systems has an average rating of “Moderate Buy” and an average price target of $117.75.

Casella Waste Systems Stock Performance

NASDAQ CWST opened at $103.78 on Wednesday. Casella Waste Systems, Inc. has a 1-year low of $86.41 and a 1-year high of $116.31. The company has a 50 day moving average of $109.98 and a 200-day moving average of $107.25. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of 451.22, a PEG ratio of 3.86 and a beta of 0.96.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly 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 return on equity of 4.15% and a net margin of 0.87%. On average, equities 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.