Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Acquired by Wasatch Advisors LP

Wasatch Advisors LP increased its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 48.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,577,308 shares of the industrial products company’s stock after purchasing an additional 838,086 shares during the period. Casella Waste Systems makes up approximately 1.4% of Wasatch Advisors LP’s portfolio, making the stock its 18th largest position. Wasatch Advisors LP owned about 4.07% of Casella Waste Systems worth $272,705,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CWST. FMR LLC lifted its holdings in shares of Casella Waste Systems by 37.4% in the 3rd quarter. FMR LLC now owns 6,846 shares of the industrial products company’s stock valued at $681,000 after buying an additional 1,863 shares during the period. HighTower Advisors LLC raised its position in Casella Waste Systems by 20.2% in the third quarter. HighTower Advisors LLC now owns 4,581 shares of the industrial products company’s stock worth $453,000 after acquiring an additional 769 shares in the last quarter. Stifel Financial Corp lifted its holdings in Casella Waste Systems by 22.9% in the third quarter. Stifel Financial Corp now owns 31,563 shares of the industrial products company’s stock valued at $3,140,000 after acquiring an additional 5,888 shares during the period. MML Investors Services LLC boosted its position in shares of Casella Waste Systems by 10.1% during the 3rd quarter. MML Investors Services LLC now owns 20,368 shares of the industrial products company’s stock worth $2,026,000 after purchasing an additional 1,861 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Casella Waste Systems by 29.0% during the 3rd quarter. Barclays PLC now owns 131,906 shares of the industrial products company’s stock worth $13,122,000 after purchasing an additional 29,686 shares during the period. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Price Performance

Shares of NASDAQ:CWST opened at $118.04 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00. The business’s fifty day moving average price is $110.69 and its two-hundred day moving average price is $107.82. The stock has a market cap of $7.48 billion, a PE ratio of 513.22, a price-to-earnings-growth ratio of 3.86 and a beta of 0.96. Casella Waste Systems, Inc. has a one year low of $86.41 and a one year high of $118.19.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 EPS 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, analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. TD Cowen began coverage on shares of Casella Waste Systems in a research report on Wednesday, April 9th. They set a “buy” rating and a $130.00 price target for the company. Jefferies Financial Group cut Casella Waste Systems from a “buy” rating to a “hold” rating and lowered their price target for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. UBS Group lifted their price objective on Casella Waste Systems from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, April 11th. Finally, William Blair restated an “outperform” rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $122.67.

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.