National Bank of Canada FI Sells 19,058 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

National Bank of Canada FI cut its position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 55.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,359 shares of the industrial products company's stock after selling 19,058 shares during the quarter. National Bank of Canada FI's holdings in Casella Waste Systems were worth $1,627,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. lifted its holdings in shares of Casella Waste Systems by 1,606.7% in the fourth 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 last quarter. Jones Financial Companies Lllp boosted its position in 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 buying an additional 194 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Casella Waste Systems during the fourth quarter worth $58,000. Harbor Investment Advisory LLC increased its holdings in shares of 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 lifted its stake in shares of 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 acquiring an additional 113 shares during the last quarter. Institutional investors own 99.51% of the company's stock.

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Analyst Upgrades and Downgrades

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

Casella Waste Systems Trading Up 0.4 %

CWST stock traded up $0.51 during midday trading on Monday, hitting $115.59. The stock had a trading volume of 27,287 shares, compared to its average volume of 346,070. 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 business has a fifty day moving average price of $110.35 and a two-hundred day moving average price of $107.62. Casella Waste Systems, Inc. has a 1-year low of $86.41 and a 1-year high of $116.31. The firm has a market cap of $7.32 billion, a P/E ratio of 502.54, a price-to-earnings-growth ratio of 3.86 and a beta of 0.96.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 EPS for the quarter, beating the consensus estimate 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, sell-side analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Casella Waste Systems 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.