Jackson Square Partners LLC lessened its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 52.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,256 shares of the industrial products company's stock after selling 17,024 shares during the period. Jackson Square Partners LLC's holdings in Casella Waste Systems were worth $1,614,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of CWST. Mather Group LLC. grew its holdings in shares of Casella Waste Systems by 1,606.7% during the 4th quarter. Mather Group LLC. now owns 256 shares of the industrial products company's stock worth $27,000 after purchasing an additional 241 shares during the period. Jones Financial Companies Lllp increased its holdings in Casella Waste Systems by 156.5% in the 4th quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 194 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in Casella Waste Systems in the fourth quarter valued at approximately $58,000. Harbor Investment Advisory LLC raised its position in Casella Waste Systems by 30.2% in the fourth quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company's stock valued at $84,000 after purchasing an additional 185 shares during the period. Finally, Signaturefd LLC lifted its stake 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 purchasing an additional 113 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Jefferies Financial Group downgraded Casella Waste Systems from a "buy" rating to a "hold" rating and dropped their target price for the company from $115.00 to $113.00 in a research report on Thursday, January 23rd. William Blair reiterated an "outperform" rating on shares of Casella Waste Systems in a report on Friday, February 14th. Finally, Stifel Nicolaus upped their price objective on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Two investment 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 stock presently has an average rating of "Moderate Buy" and an average target price of $117.75.
Read Our Latest Stock Analysis on Casella Waste Systems
Casella Waste Systems Stock Performance
Casella Waste Systems stock traded down $0.04 during mid-day trading on Friday, reaching $110.70. 246,133 shares of the company were exchanged, compared to its average volume of 327,482. The firm's 50-day simple moving average is $109.73 and its two-hundred day simple moving average is $106.98. Casella Waste Systems, Inc. has a twelve month low of $86.41 and a twelve month 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 firm has a market cap of $7.01 billion, a PE ratio of 481.30, a price-to-earnings-growth ratio of 3.86 and a beta of 1.05.
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, 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%. Equities analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.
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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