FIL Ltd grew its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 160,644 shares of the industrial products company's stock after buying an additional 6,732 shares during the quarter. FIL Ltd owned approximately 0.25% of Casella Waste Systems worth $16,998,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in 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 in the last quarter. Geode Capital Management LLC increased its stake in shares of Casella Waste Systems by 8.3% in the third quarter. Geode Capital Management LLC now owns 1,430,958 shares of the industrial products company's stock valued at $142,393,000 after buying an additional 109,288 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Casella Waste Systems by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 607,954 shares of the industrial products company's stock valued at $64,328,000 after buying an additional 14,369 shares during the last quarter. Stifel Financial Corp boosted its position in Casella Waste Systems by 22.9% during the 3rd quarter. Stifel Financial Corp now owns 31,563 shares of the industrial products company's stock worth $3,140,000 after buying an additional 5,888 shares during the period. Finally, Empowered Funds LLC bought a new stake in Casella Waste Systems during the 4th quarter worth approximately $201,000. 99.51% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on CWST shares. Jefferies Financial Group lowered shares of 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 report on Thursday, January 23rd. UBS Group upped their price target on Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a research report on Friday. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. TD Cowen initiated coverage on Casella Waste Systems in a report on Wednesday, April 9th. They issued a "buy" rating and a $130.00 target price on the stock. Finally, 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 report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $122.67.
Check Out Our Latest Stock Report on Casella Waste Systems
Casella Waste Systems Trading Up 0.7 %
CWST traded up $0.81 during trading on Tuesday, hitting $118.04. The company's stock had a trading volume of 521,041 shares, compared to its average volume of 348,292. The firm has a market capitalization of $7.48 billion, a P/E ratio of 513.22, a PEG ratio of 3.86 and a beta of 0.96. Casella Waste Systems, Inc. has a twelve month low of $86.41 and a twelve month high of $118.63. The stock's fifty day moving average price is $110.50 and its 200-day moving average price is $107.75. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. Analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS 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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