Intech Investment Management LLC boosted its stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 40.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,015 shares of the industrial products company's stock after purchasing an additional 6,584 shares during the period. Intech Investment Management LLC's holdings in Casella Waste Systems were worth $2,435,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in CWST. Zimmer Partners LP bought a new position in shares of Casella Waste Systems in the 3rd quarter worth approximately $50,854,000. Wellington Management Group LLP boosted its stake in shares of 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 worth $144,704,000 after acquiring an additional 487,661 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Casella Waste Systems in the 4th quarter worth $31,326,000. Maven Securities LTD purchased a new stake in shares of Casella Waste Systems in the 3rd quarter worth $19,898,000. Finally, Loomis Sayles & Co. L P lifted its position in shares of Casella Waste Systems by 21.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 848,976 shares of the industrial products company's stock valued at $84,465,000 after buying an additional 151,744 shares in the last quarter. 99.51% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts have weighed in on CWST shares. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a report on Friday, February 14th. Jefferies Financial Group cut shares of Casella Waste Systems from a "buy" rating to a "hold" rating and lowered their target price for the company from $115.00 to $113.00 in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus increased their price target 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 analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $117.75.
Check Out Our Latest Stock Analysis on CWST
Casella Waste Systems Price Performance
Shares of CWST stock traded up $1.91 during mid-day trading on Tuesday, hitting $112.73. The company had a trading volume of 446,202 shares, compared to its average volume of 318,161. 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 stock's 50 day moving average price is $109.75 and its 200-day moving average price is $106.82. Casella Waste Systems, Inc. has a 52-week low of $86.41 and a 52-week high of $116.31. The company has a market capitalization of $7.14 billion, a P/E ratio of 490.13, a P/E/G ratio of 3.86 and a beta of 1.05.
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 the consensus estimate of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. Equities research analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.
Casella Waste Systems Company 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.
See Also
Before you consider Casella Waste Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Casella Waste Systems wasn't on the list.
While Casella Waste Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
