JPMorgan Chase & Co. Sells 48,801 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

JPMorgan Chase & Co. cut its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,951,050 shares of the industrial products company's stock after selling 48,801 shares during the period. JPMorgan Chase & Co. owned 3.08% of Casella Waste Systems worth $206,441,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CWST. Vanguard Group Inc. increased its position in Casella Waste Systems by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 6,110,529 shares of the industrial products company's stock worth $646,555,000 after buying an additional 123,001 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Casella Waste Systems by 50.4% during 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 acquiring an additional 487,661 shares during the period. Geode Capital Management LLC increased its holdings in shares of 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 worth $142,393,000 after acquiring an additional 109,288 shares during the last quarter. State Street Corp raised its stake in Casella Waste Systems by 5.7% in the 3rd quarter. State Street Corp now owns 1,387,662 shares of the industrial products company's stock valued at $138,058,000 after acquiring an additional 75,352 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Casella Waste Systems by 23.9% during the 4th quarter. American Century Companies Inc. now owns 716,267 shares of the industrial products company's stock valued at $75,788,000 after purchasing an additional 138,229 shares during the last quarter. 99.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on CWST. Jefferies Financial Group downgraded shares of Casella Waste Systems from a "buy" rating to a "hold" rating and decreased their price objective for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. Stifel Nicolaus upped 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 note on Tuesday, February 18th. Finally, William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Casella Waste Systems has an average rating of "Moderate Buy" and a consensus price target of $117.75.

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Casella Waste Systems Trading Up 0.7 %

Shares of Casella Waste Systems stock opened at $111.51 on Tuesday. 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 50-day moving average of $109.73 and a 200-day moving average of $107.03. Casella Waste Systems, Inc. has a 52-week low of $86.41 and a 52-week high of $116.31. The stock has a market cap of $7.07 billion, a PE ratio of 484.83, a PEG ratio of 3.86 and a beta of 1.05.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its quarterly earnings data 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%. As a group, sell-side analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

About Casella Waste Systems

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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