Cibc World Markets Corp Makes New Investment in Casella Waste Systems, Inc. (NASDAQ:CWST)

Cibc World Markets Corp purchased a new position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,843 shares of the industrial products company's stock, valued at approximately $618,000.

Several other large investors also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Casella Waste Systems by 87.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 78,549 shares of the industrial products company's stock worth $7,815,000 after purchasing an additional 36,573 shares during the period. Geode Capital Management LLC boosted its stake in Casella Waste Systems by 8.3% during the third quarter. Geode Capital Management LLC now owns 1,430,958 shares of the industrial products company's stock worth $142,393,000 after buying an additional 109,288 shares during the period. Loomis Sayles & Co. L P increased its position in Casella Waste Systems by 21.8% during the third quarter. Loomis Sayles & Co. L P now owns 848,976 shares of the industrial products company's stock valued at $84,465,000 after acquiring an additional 151,744 shares during the last quarter. HBK Investments L P purchased a new stake in shares of Casella Waste Systems in the third quarter valued at $497,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Casella Waste Systems by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 607,954 shares of the industrial products company's stock valued at $64,328,000 after acquiring an additional 14,369 shares during the period. 99.51% of the stock is owned by institutional investors.

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Casella Waste Systems Trading Down 1.8 %

NASDAQ:CWST traded down $2.04 during midday trading on Wednesday, hitting $110.69. The stock had a trading volume of 324,495 shares, compared to its average volume of 319,128. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average of $109.79 and a 200 day moving average of $106.88. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 481.26, a PEG ratio of 3.86 and a beta of 1.05. Casella Waste Systems, Inc. has a one year low of $86.41 and a one year high of $116.31.

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, beating the consensus estimate of $0.16 by $0.25. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. As a group, sell-side analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CWST. Jefferies Financial Group downgraded shares of Casella Waste Systems from a "buy" rating to a "hold" rating and cut their price target for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. 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 report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $117.75.

About Casella Waste Systems

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.