Kennedy Capital Management LLC grew its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 231,094 shares of the industrial products company's stock after purchasing an additional 4,896 shares during the period. Casella Waste Systems comprises 0.5% of Kennedy Capital Management LLC's portfolio, making the stock its 19th largest holding. Kennedy Capital Management LLC owned about 0.37% of Casella Waste Systems worth $24,452,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. FMR LLC increased its holdings in Casella Waste Systems by 37.4% in the third quarter. FMR LLC now owns 6,846 shares of the industrial products company's stock worth $681,000 after buying an additional 1,863 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of Casella Waste Systems during the 3rd quarter valued at $378,000. HighTower Advisors LLC lifted its stake in shares of Casella Waste Systems by 20.2% in the 3rd quarter. HighTower Advisors LLC now owns 4,581 shares of the industrial products company's stock valued at $453,000 after purchasing an additional 769 shares during the last quarter. Stifel Financial Corp boosted its holdings in Casella Waste Systems by 22.9% in the third quarter. Stifel Financial Corp now owns 31,563 shares of the industrial products company's stock worth $3,140,000 after purchasing an additional 5,888 shares in the last quarter. Finally, State Street Corp increased its position in 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 worth $138,058,000 after buying an additional 75,352 shares during the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on CWST shares. Stifel Nicolaus upped their price target on Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Jefferies Financial Group downgraded Casella Waste Systems from a "buy" rating to a "hold" rating and lowered their price target for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. UBS Group upped their price objective on shares of Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Friday. TD Cowen initiated coverage on shares of Casella Waste Systems in a report on Wednesday, April 9th. They issued a "buy" rating and a $130.00 target price on the stock. Finally, William Blair reiterated an "outperform" rating on shares of Casella Waste Systems in a report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $122.67.
View Our Latest Stock Report on Casella Waste Systems
Casella Waste Systems Stock Performance
CWST traded down $0.51 during trading on Tuesday, reaching $116.72. 167,160 shares of the company's stock were exchanged, compared to its average volume of 346,920. The company has a market capitalization of $7.40 billion, a P/E ratio of 507.48, a PEG ratio of 3.86 and a beta of 0.96. 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 fifty-two week low of $86.41 and a fifty-two week high of $118.63. The business has a 50 day moving average price of $110.50 and a 200 day moving average price of $107.75.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its 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, 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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