American Century Companies Inc. Purchases 138,229 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

American Century Companies Inc. grew its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 23.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 716,267 shares of the industrial products company's stock after buying an additional 138,229 shares during the quarter. American Century Companies Inc. owned 1.13% of Casella Waste Systems worth $75,788,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CWST. Mather Group LLC. increased its holdings 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 purchasing an additional 241 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of 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 last quarter. Eagle Bay Advisors LLC bought a new stake in Casella Waste Systems in the 4th quarter worth about $58,000. Harbor Investment Advisory LLC raised its position in Casella Waste Systems by 30.2% in the 4th 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 during the last quarter. Finally, Signaturefd LLC raised its position in Casella Waste Systems by 16.4% in the 4th quarter. Signaturefd LLC now owns 802 shares of the industrial products company's stock worth $85,000 after buying an additional 113 shares during the last quarter. Institutional investors own 99.51% of the company's stock.

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Casella Waste Systems Stock Performance

NASDAQ CWST traded up $0.05 on Thursday, reaching $110.74. 244,558 shares of the stock were exchanged, compared to its average volume of 319,302. The firm has a market capitalization of $7.02 billion, a PE ratio of 481.48, a PEG ratio of 3.86 and a beta of 1.05. Casella Waste Systems, Inc. has a one year low of $86.41 and a one year high of $116.31. The company's 50-day simple moving average is $109.74 and its two-hundred day simple moving average is $106.93. 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 - Get Free Report) last released its 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 net margin of 0.87% and a return on equity of 4.15%. Analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CWST shares. Jefferies Financial Group lowered shares of Casella Waste Systems from a "buy" rating to a "hold" rating and reduced their price target for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. William Blair reiterated an "outperform" rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Finally, Stifel Nicolaus increased their price target on Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $117.75.

About Casella Waste Systems

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.