Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 46.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,085 shares of the industrial products company's stock after selling 11,314 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Casella Waste Systems were worth $1,385,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mather Group LLC. raised its position in Casella Waste Systems by 1,606.7% in the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company's stock worth $27,000 after acquiring an additional 241 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Casella Waste Systems by 156.5% during the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company's stock worth $34,000 after purchasing an additional 194 shares during the period. Eagle Bay Advisors LLC bought a new stake in Casella Waste Systems during the 4th quarter worth approximately $58,000. Harbor Investment Advisory LLC boosted its position in Casella Waste Systems by 30.2% in the 4th quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company's stock valued at $84,000 after buying an additional 185 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in Casella Waste Systems by 16.4% during the fourth quarter. Signaturefd LLC now owns 802 shares of the industrial products company's stock worth $85,000 after buying an additional 113 shares during the last quarter. Institutional investors own 99.51% of the company's stock.

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Casella Waste Systems Price Performance

Casella Waste Systems stock traded up $2.11 during midday trading on Tuesday, reaching $113.62. 146,957 shares of the stock traded hands, compared to its average volume of 327,895. 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, Inc. has a 12 month low of $86.41 and a 12 month high of $116.31. The stock has a market cap of $7.20 billion, a P/E ratio of 493.42, a PEG ratio of 3.86 and a beta of 1.05. The stock's fifty day moving average is $109.73 and its 200-day moving average is $107.03.

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 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 year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. 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 note on Thursday, January 23rd. William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Finally, Stifel Nicolaus raised their price target on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $117.75.

Casella Waste Systems 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.