Avior Wealth Management LLC Increases Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Avior Wealth Management LLC lifted its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 3,354.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,971 shares of the industrial products company's stock after buying an additional 2,885 shares during the period. Avior Wealth Management LLC's holdings in Casella Waste Systems were worth $314,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC raised its position in Casella Waste Systems by 115.5% during the 4th quarter. SG Americas Securities LLC now owns 19,860 shares of the industrial products company's stock worth $2,101,000 after buying an additional 10,646 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Casella Waste Systems by 69.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the industrial products company's stock worth $158,000 after buying an additional 611 shares during the last quarter. Harbor Investment Advisory LLC grew its holdings 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 acquiring an additional 185 shares during the period. Integrated Investment Consultants LLC raised its position in Casella Waste Systems by 2.2% during the fourth quarter. Integrated Investment Consultants LLC now owns 7,607 shares of the industrial products company's stock valued at $805,000 after acquiring an additional 165 shares in the last quarter. Finally, Yarbrough Capital LLC acquired a new position in Casella Waste Systems in the fourth quarter valued at approximately $347,000. 99.51% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems Price Performance

NASDAQ CWST traded up $1.88 during trading hours on Monday, hitting $106.91. 447,305 shares of the company's stock traded hands, compared to its average volume of 294,019. The company has a market capitalization of $6.77 billion, a PE ratio of 890.88, a PEG ratio of 3.85 and a beta of 1.03. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.55 and a quick ratio of 2.48. Casella Waste Systems, Inc. has a 52-week low of $84.45 and a 52-week high of $114.88. The firm's 50-day moving average is $108.69 and its 200-day moving average is $105.37.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The firm had revenue of $411.63 million for the quarter, compared to analyst estimates of $412.59 million. During the same period in the previous year, the firm posted $0.35 EPS. The company's revenue was up 16.7% compared to the same quarter last year. Equities analysts forecast that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CWST. William Blair assumed coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They set an "outperform" rating for the company. Stifel Nicolaus raised their target price on Casella Waste Systems from $117.00 to $127.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Jefferies Financial Group cut shares of Casella Waste Systems from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $115.00 to $113.00 in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating for the company in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $113.80.

Insider Activity

In other news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $106.81, for a total transaction of $184,781.30. Following the completion of the sale, the senior vice president now directly owns 21,085 shares of the company's stock, valued at approximately $2,252,088.85. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.24% of the company's stock.

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.