Prudential Financial Inc. decreased its position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 45.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,452 shares of the industrial products company's stock after selling 3,730 shares during the period. Prudential Financial Inc.'s holdings in Casella Waste Systems were worth $474,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. Signaturefd LLC grew its holdings in Casella Waste Systems by 16.4% in the 4th quarter. Signaturefd LLC now owns 802 shares of the industrial products company's stock worth $85,000 after buying an additional 113 shares in the last quarter. Integrated Investment Consultants LLC grew its stake in shares of Casella Waste Systems by 2.2% in the fourth quarter. Integrated Investment Consultants LLC now owns 7,607 shares of the industrial products company's stock worth $805,000 after purchasing an additional 165 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in shares of 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 valued at $84,000 after purchasing an additional 185 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Casella Waste Systems by 156.5% during the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 194 shares during the period. Finally, Principal Securities Inc. raised its stake in shares of Casella Waste Systems by 11.0% during the fourth quarter. Principal Securities Inc. now owns 1,979 shares of the industrial products company's stock valued at $209,000 after purchasing an additional 196 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.
Casella Waste Systems Stock Up 0.6 %
NASDAQ CWST traded up $0.75 during trading on Tuesday, reaching $117.98. The company's stock had a trading volume of 42,047 shares, compared to its average volume of 346,436. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $7.47 billion, a PE ratio of 511.22, a PEG ratio of 3.86 and a beta of 0.96. Casella Waste Systems, Inc. has a 1-year low of $86.41 and a 1-year high of $118.63. The business has a 50-day moving average price of $110.50 and a 200-day moving average price of $107.75.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.
Analyst Ratings Changes
CWST has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted 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 report on Tuesday, February 18th. TD Cowen assumed 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. UBS Group boosted their price objective on Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Finally, Jefferies Financial Group cut Casella Waste Systems from a "buy" rating to a "hold" rating and decreased their target price for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Casella Waste Systems has a consensus rating of "Moderate Buy" and a consensus price target of $122.67.
Read Our Latest Stock Report on Casella Waste Systems
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.
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