Invesco Ltd. raised its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,830,220 shares of the industrial products company's stock after buying an additional 13,678 shares during the period. Invesco Ltd. owned about 2.89% of Casella Waste Systems worth $193,656,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of the stock. Mather Group LLC. grew its stake in shares of Casella Waste Systems by 1,606.7% in the 4th quarter. Mather Group LLC. now owns 256 shares of the industrial products company's stock worth $27,000 after acquiring an additional 241 shares in the last quarter. Jones Financial Companies Lllp lifted 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 worth $34,000 after buying an additional 194 shares in the last quarter. Huntington National Bank grew its holdings in shares of Casella Waste Systems by 171.6% in the fourth quarter. Huntington National Bank now owns 364 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 230 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Casella Waste Systems during the fourth quarter valued at approximately $58,000. Finally, Harbor Investment Advisory LLC lifted its holdings in Casella Waste Systems by 30.2% during the fourth quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company's stock worth $84,000 after acquiring an additional 185 shares during the period. Institutional investors own 99.51% of the company's stock.
Analyst Ratings Changes
CWST has been the topic of a number of research analyst reports. UBS Group boosted their price target 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 raised their price target on shares of Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. William Blair reiterated an "outperform" rating on shares of Casella Waste Systems in a research note on Friday, February 14th. TD Cowen initiated coverage on Casella Waste Systems in a research note on Wednesday, April 9th. They issued a "buy" rating and a $130.00 target price on the stock. Finally, Jefferies Financial Group downgraded Casella Waste Systems from a "buy" rating to a "hold" rating and cut their price target for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Casella Waste Systems presently has an average rating of "Moderate Buy" and an average target price of $122.67.
Get Our Latest Report on Casella Waste Systems
Casella Waste Systems Price Performance
NASDAQ CWST traded up $0.81 on Tuesday, reaching $118.04. 521,041 shares of the company's stock traded hands, compared to its average volume of 348,292. The stock has a market cap of $7.48 billion, a PE ratio of 513.22, a P/E/G ratio of 3.86 and a beta of 0.96. Casella Waste Systems, Inc. has a 12 month low of $86.41 and a 12 month high of $118.63. The stock has a 50-day simple moving average of $110.50 and a 200 day simple moving average of $107.75. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.00 and a quick ratio of 2.48.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share 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%. As a group, research analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.
About Casella Waste Systems
(
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.
Featured Articles
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
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
