Bessemer Group Inc. Raises Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Bessemer Group Inc. increased its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 223,720 shares of the industrial products company's stock after acquiring an additional 7,451 shares during the period. Bessemer Group Inc. owned approximately 0.35% of Casella Waste Systems worth $23,671,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. increased its position 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 purchasing an additional 241 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Casella Waste Systems by 156.5% during the 4th 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. Huntington National Bank lifted its holdings in shares of Casella Waste Systems by 171.6% during the 4th quarter. Huntington National Bank now owns 364 shares of the industrial products company's stock worth $39,000 after acquiring an additional 230 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in Casella Waste Systems in the fourth quarter worth $58,000. Finally, Harbor Investment Advisory LLC increased its stake in Casella Waste Systems by 30.2% in the fourth quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company's stock valued at $84,000 after acquiring an additional 185 shares during the last quarter. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

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Casella Waste Systems Trading Up 0.7 %

NASDAQ:CWST traded up $0.81 during mid-day trading on Tuesday, reaching $118.04. 521,040 shares of the company's stock traded hands, compared to its average volume of 348,291. Casella Waste Systems, Inc. has a 12-month low of $86.41 and a 12-month high of $118.63. 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 company has a 50 day moving average price of $110.50 and a 200-day moving average price of $107.75. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 513.22, a PEG ratio of 3.86 and a beta of 0.96.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Jefferies Financial Group lowered 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. TD Cowen assumed coverage on shares of Casella Waste Systems in a research report on Wednesday, April 9th. They set a "buy" rating and a $130.00 price target on the stock. UBS Group boosted their price objective on shares of Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Friday. Stifel Nicolaus increased their target price 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. Finally, William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. 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 company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.