KLP Kapitalforvaltning AS Buys New Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

KLP Kapitalforvaltning AS purchased a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 16,000 shares of the industrial products company's stock, valued at approximately $1,693,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. lifted 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 valued at $27,000 after buying an additional 241 shares during the last quarter. Jones Financial Companies Lllp raised its position in Casella Waste Systems by 156.5% in the fourth 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 period. Eagle Bay Advisors LLC acquired a new position in Casella Waste Systems during the fourth quarter worth $58,000. Harbor Investment Advisory LLC lifted its stake in Casella Waste Systems by 30.2% during the fourth quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company's stock worth $84,000 after purchasing an additional 185 shares in the last quarter. Finally, Signaturefd LLC boosted its position in shares of 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 period. 99.51% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research firms recently issued reports on CWST. Jefferies Financial Group lowered Casella Waste Systems from a "buy" rating to a "hold" rating and decreased their target price for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. Stifel Nicolaus increased their price target on shares of Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Finally, William Blair restated an "outperform" rating on shares of Casella Waste Systems in a report on Friday, February 14th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the 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.

Casella Waste Systems Stock Up 1.4 %

NASDAQ CWST traded up $1.61 during trading hours on Wednesday, hitting $114.29. 413,322 shares of the company were exchanged, compared to its average volume of 330,215. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 496.91, a PEG ratio of 3.86 and a beta of 1.05. The company has a 50 day moving average of $109.89 and a two-hundred day moving average of $107.12. Casella Waste Systems, Inc. has a 52-week low of $86.41 and a 52-week high of $116.31.

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 for the quarter, topping 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%. Equities research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

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.