Global Alpha Capital Management Ltd. grew its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 392,345 shares of the industrial products company's stock after purchasing an additional 17,133 shares during the quarter. Casella Waste Systems accounts for about 3.0% of Global Alpha Capital Management Ltd.'s holdings, making the stock its 10th biggest holding. Global Alpha Capital Management Ltd. owned about 0.62% of Casella Waste Systems worth $41,514,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in Casella Waste Systems during the 4th quarter worth $31,326,000. Arizona State Retirement System grew its position in shares of Casella Waste Systems by 9.9% during the fourth quarter. Arizona State Retirement System now owns 18,070 shares of the industrial products company's stock worth $1,912,000 after buying an additional 1,622 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Casella Waste Systems by 12.4% during the fourth quarter. Verdence Capital Advisors LLC now owns 3,295 shares of the industrial products company's stock worth $349,000 after buying an additional 363 shares during the period. Victory Capital Management Inc. raised its holdings in Casella Waste Systems by 3.1% in the fourth quarter. Victory Capital Management Inc. now owns 47,396 shares of the industrial products company's stock valued at $5,015,000 after acquiring an additional 1,415 shares in the last quarter. Finally, Keybank National Association OH lifted its stake in Casella Waste Systems by 3.1% in the fourth quarter. Keybank National Association OH now owns 12,461 shares of the industrial products company's stock worth $1,318,000 after acquiring an additional 375 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.
Casella Waste Systems Stock Performance
Shares of CWST stock traded down $2.17 during mid-day trading on Wednesday, hitting $105.14. 422,391 shares of the stock were exchanged, compared to its average volume of 361,257. The stock's fifty day simple moving average is $109.32 and its two-hundred day simple moving average is $106.66. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00. Casella Waste Systems, Inc. has a 12-month low of $86.41 and a 12-month high of $116.31. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of 457.13, a P/E/G ratio of 3.86 and a beta of 1.05.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping 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 year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in 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 report on Tuesday, February 18th. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Finally, Jefferies Financial Group cut Casella Waste Systems from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $117.75.
Check Out Our Latest Stock Analysis on CWST
Casella Waste Systems Profile
(
Free Report)
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.
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