F M Investments LLC trimmed its stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 63.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,703 shares of the industrial products company's stock after selling 70,905 shares during the period. F M Investments LLC owned about 0.06% of Casella Waste Systems worth $4,307,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. increased its stake in shares of Casella Waste Systems by 3.4% during the fourth quarter. Bessemer Group Inc. now owns 223,720 shares of the industrial products company's stock worth $23,671,000 after purchasing an additional 7,451 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Casella Waste Systems during the 4th quarter valued at $31,326,000. FIL Ltd lifted its stake in shares of Casella Waste Systems by 4.4% in the 4th quarter. FIL Ltd now owns 160,644 shares of the industrial products company's stock valued at $16,998,000 after acquiring an additional 6,732 shares during the last quarter. Invesco Ltd. lifted its holdings in Casella Waste Systems by 0.8% in the fourth quarter. Invesco Ltd. now owns 1,830,220 shares of the industrial products company's stock worth $193,656,000 after buying an additional 13,678 shares during the period. Finally, Bank of Montreal Can raised its holdings in Casella Waste Systems by 71.7% in the 4th quarter. Bank of Montreal Can now owns 5,200 shares of the industrial products company's stock worth $550,000 after acquiring an additional 2,172 shares during the last quarter. 99.51% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on CWST shares. UBS Group raised their target price on shares of Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Stifel Nicolaus lifted 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 report on Friday, February 14th. Jefferies Financial Group downgraded Casella Waste Systems from a "buy" rating to a "hold" rating and lowered their price target for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. Finally, TD Cowen initiated coverage on shares of Casella Waste Systems in a research note on Wednesday, April 9th. They set a "buy" rating and a $130.00 target price on the stock. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.67.
Get Our Latest Analysis on CWST
Casella Waste Systems Stock Up 1.6 %
Shares of Casella Waste Systems stock traded up $1.94 during trading hours on Wednesday, reaching $119.98. The company's stock had a trading volume of 323,076 shares, compared to its average volume of 349,000. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00. The company has a market capitalization of $7.60 billion, a P/E ratio of 521.65, a P/E/G ratio of 3.86 and a beta of 0.96. Casella Waste Systems, Inc. has a one year low of $86.41 and a one year high of $120.61. The stock's fifty day simple moving average is $110.69 and its two-hundred day simple moving average is $107.82.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its quarterly earnings data 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 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 year.
Casella Waste Systems 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.
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