Geneva Capital Management LLC Trims Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Geneva Capital Management LLC lessened its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 1.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,025,531 shares of the industrial products company's stock after selling 15,088 shares during the period. Casella Waste Systems accounts for approximately 1.9% of Geneva Capital Management LLC's holdings, making the stock its 17th biggest position. Geneva Capital Management LLC owned about 1.62% of Casella Waste Systems worth $108,511,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Wasatch Advisors LP grew its position in shares of Casella Waste Systems by 0.3% during the third quarter. Wasatch Advisors LP now owns 1,739,222 shares of the industrial products company's stock worth $173,035,000 after purchasing an additional 4,462 shares in the last quarter. Wellington Management Group LLP boosted its stake in Casella Waste Systems by 50.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company's stock worth $144,704,000 after purchasing an additional 487,661 shares during the period. Geode Capital Management LLC grew its holdings in Casella Waste Systems by 8.3% during the 3rd 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 in the last quarter. State Street Corp raised its position in shares of Casella Waste Systems by 5.7% during the third quarter. State Street Corp now owns 1,387,662 shares of the industrial products company's stock valued at $138,058,000 after buying an additional 75,352 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of Casella Waste Systems by 4.4% in the third quarter. Westfield Capital Management Co. LP now owns 950,484 shares of the industrial products company's stock worth $94,564,000 after buying an additional 39,666 shares in the last quarter. 99.51% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CWST shares. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Jefferies Financial Group cut 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 report on Thursday, January 23rd. Finally, Stifel Nicolaus boosted their target price on Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a research report 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's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $117.75.

Casella Waste Systems Price Performance

Shares of NASDAQ:CWST traded down $3.53 on Monday, reaching $108.94. The company's stock had a trading volume of 507,267 shares, compared to its average volume of 360,810. The company has a 50-day simple moving average of $109.22 and a 200 day simple moving average of $106.64. Casella Waste Systems, Inc. has a 52-week low of $86.41 and a 52-week high of $116.31. 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 cap of $6.90 billion, a P/E ratio of 473.65, a PEG ratio of 3.86 and a beta of 1.05.

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 EPS for the quarter, topping 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, equities research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Casella Waste Systems Company Profile

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.