Fisher Asset Management LLC lifted its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 168.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,180 shares of the industrial products company's stock after buying an additional 20,208 shares during the period. Fisher Asset Management LLC owned approximately 0.05% of Casella Waste Systems worth $3,405,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of CWST. Asset Management One Co. Ltd. lifted its stake in shares of Casella Waste Systems by 4.9% in the third quarter. Asset Management One Co. Ltd. now owns 154,422 shares of the industrial products company's stock worth $15,303,000 after buying an additional 7,185 shares in the last quarter. Amalgamated Bank lifted its stake in shares of Casella Waste Systems by 6.4% in the third quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company's stock worth $210,000 after buying an additional 126 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of Casella Waste Systems by 9.9% in the third quarter. Verdence Capital Advisors LLC now owns 2,932 shares of the industrial products company's stock worth $292,000 after buying an additional 265 shares in the last quarter. Versor Investments LP purchased a new position in shares of Casella Waste Systems in the third quarter worth about $527,000. Finally, Geneva Capital Management LLC lifted its stake in shares of Casella Waste Systems by 0.4% in the third quarter. Geneva Capital Management LLC now owns 1,040,619 shares of the industrial products company's stock worth $103,531,000 after buying an additional 4,324 shares in the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on CWST shares. William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Jefferies Financial Group downgraded shares of Casella Waste Systems from a "buy" rating to a "hold" rating and reduced their target price for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus lifted their target price 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. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $117.75.
Check Out Our Latest Stock Report on Casella Waste Systems
Casella Waste Systems Price Performance
Shares of CWST stock opened at $111.62 on Thursday. The firm's 50-day moving average is $108.94 and its two-hundred day moving average is $106.52. The company has a market capitalization of $7.07 billion, a PE ratio of 485.30, a price-to-earnings-growth ratio of 3.86 and a beta of 1.05. Casella Waste Systems, Inc. has a 12 month low of $86.41 and a 12 month high of $116.31. 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 released its quarterly 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 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.
Further Reading
Want to see what other hedge funds are holding CWST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report).
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