Envestnet Asset Management Inc. Grows Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Envestnet Asset Management Inc. lifted its position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 314,465 shares of the industrial products company's stock after buying an additional 2,346 shares during the quarter. Envestnet Asset Management Inc. owned about 0.50% of Casella Waste Systems worth $33,274,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Casella Waste Systems by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 6,110,529 shares of the industrial products company's stock valued at $646,555,000 after purchasing an additional 123,001 shares during the last quarter. Wellington Management Group LLP raised its position in Casella Waste Systems by 13.1% in the fourth quarter. Wellington Management Group LLP now owns 1,644,476 shares of the industrial products company's stock worth $174,002,000 after purchasing an additional 190,023 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Casella Waste Systems by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 1,446,875 shares of the industrial products company's stock valued at $153,129,000 after purchasing an additional 15,917 shares in the last quarter. State Street Corp grew its stake in shares of 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 period. Finally, Loomis Sayles & Co. L P raised its holdings in shares of Casella Waste Systems by 2.6% in the 4th quarter. Loomis Sayles & Co. L P now owns 871,344 shares of the industrial products company's stock worth $92,197,000 after buying an additional 22,368 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.

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Casella Waste Systems Stock Up 0.1 %

Shares of Casella Waste Systems stock traded up $0.06 during trading on Wednesday, reaching $118.10. 1,644,279 shares of the company traded hands, compared to its average volume of 354,453. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.00 and a quick ratio of 2.48. The firm has a market capitalization of $7.48 billion, a PE ratio of 513.48, a P/E/G ratio of 3.86 and a beta of 0.96. The company has a 50 day moving average price of $110.69 and a 200-day moving average price of $107.82. Casella Waste Systems, Inc. has a 1-year low of $86.41 and a 1-year high of $120.61.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, topping 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%. As a group, equities research analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on CWST. TD Cowen started coverage on Casella Waste Systems in a report on Wednesday, April 9th. They set a "buy" rating and a $130.00 target price on the stock. Jefferies Financial Group lowered shares of Casella Waste Systems from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. UBS Group increased their target price on shares of Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, April 11th. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Finally, Stifel Nicolaus lifted their target price on Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $122.67.

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.