Franklin Resources Inc. raised its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 11.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 554,472 shares of the industrial products company's stock after purchasing an additional 59,178 shares during the quarter. Franklin Resources Inc. owned 0.88% of Casella Waste Systems worth $58,669,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of CWST. B. Metzler seel. Sohn & Co. AG lifted its stake in Casella Waste Systems by 7.8% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 56,944 shares of the industrial products company's stock valued at $6,025,000 after purchasing an additional 4,120 shares during the last quarter. Axiom Investors LLC DE lifted its stake in shares of Casella Waste Systems by 25.0% in the 4th quarter. Axiom Investors LLC DE now owns 173,192 shares of the industrial products company's stock valued at $18,325,000 after acquiring an additional 34,684 shares during the last quarter. Wellington Management Group LLP raised its position in Casella Waste Systems by 13.1% in the fourth quarter. Wellington Management Group LLP now owns 1,644,476 shares of the industrial products company's stock valued at $174,002,000 after purchasing an additional 190,023 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Casella Waste Systems by 19.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 8,733 shares of the industrial products company's stock valued at $924,000 after purchasing an additional 1,408 shares in the last quarter. Finally, Norges Bank bought a new position in Casella Waste Systems in the 4th quarter valued at approximately $43,785,000. Institutional investors own 99.51% of the company's stock.
Casella Waste Systems Price Performance
Shares of CWST traded up $4.20 during mid-day trading on Tuesday, reaching $108.23. 134,814 shares of the stock traded hands, compared to its average volume of 339,050. Casella Waste Systems, Inc. has a 1 year low of $86.41 and a 1 year high of $116.31. 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 company has a market cap of $6.86 billion, a price-to-earnings ratio of 470.54, a price-to-earnings-growth ratio of 3.86 and a beta of 0.96. The firm has a fifty day moving average price of $110.09 and a 200 day moving average price of $107.24.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, topping 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%. As a group, equities research analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on CWST. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. 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. Finally, Jefferies Financial Group cut 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 research report on Thursday, January 23rd. Two equities research 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $117.75.
Get Our Latest Stock Analysis on CWST
Casella Waste Systems Company Profile
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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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