Conestoga Capital Advisors LLC Sells 8,573 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Conestoga Capital Advisors LLC decreased its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,235,127 shares of the industrial products company's stock after selling 8,573 shares during the quarter. Casella Waste Systems comprises 4.5% of Conestoga Capital Advisors LLC's investment portfolio, making the stock its 2nd largest holding. Conestoga Capital Advisors LLC owned 5.11% of Casella Waste Systems worth $342,309,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Wasatch Advisors LP boosted its stake in shares of Casella Waste Systems by 0.3% during the 3rd quarter. Wasatch Advisors LP now owns 1,739,222 shares of the industrial products company's stock worth $173,035,000 after purchasing an additional 4,462 shares during the last quarter. Wellington Management Group LLP boosted its stake in Casella Waste Systems by 50.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company's stock valued at $144,704,000 after acquiring an additional 487,661 shares during the last quarter. Geode Capital Management LLC increased its stake in Casella Waste Systems by 8.3% during the third quarter. Geode Capital Management LLC now owns 1,430,958 shares of the industrial products company's stock valued at $142,393,000 after purchasing an additional 109,288 shares during the last quarter. State Street Corp lifted its position in Casella Waste Systems by 5.7% in the 3rd quarter. State Street Corp now owns 1,387,662 shares of the industrial products company's stock valued at $138,058,000 after purchasing an additional 75,352 shares during the last quarter. Finally, Geneva Capital Management LLC grew its holdings in Casella Waste Systems by 0.4% in the 3rd quarter. Geneva Capital Management LLC now owns 1,040,619 shares of the industrial products company's stock worth $103,531,000 after buying an additional 4,324 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.

Casella Waste Systems Stock Performance

Shares of CWST traded down $1.08 during midday trading on Thursday, reaching $108.52. 229,186 shares of the stock were exchanged, compared to its average volume of 287,829. The company has a market cap of $6.87 billion, a P/E ratio of 904.33, a PEG ratio of 3.85 and a beta of 1.04. Casella Waste Systems, Inc. has a twelve month low of $84.45 and a twelve month high of $114.88. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68. The stock's 50 day simple moving average is $108.13 and its 200 day simple moving average is $105.54.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CWST shares. Jefferies Financial Group cut Casella Waste Systems from a "buy" rating to a "hold" rating and reduced their price objective for the company from $115.00 to $113.00 in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. Finally, Stifel Nicolaus lifted their target price on shares of Casella Waste Systems from $117.00 to $127.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Casella Waste Systems presently has an average rating of "Moderate Buy" and a consensus target price of $113.80.

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.