Loomis Sayles & Co. L P Increases Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Loomis Sayles & Co. L P increased its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 871,344 shares of the industrial products company's stock after buying an additional 22,368 shares during the quarter. Loomis Sayles & Co. L P owned 1.38% of Casella Waste Systems worth $92,197,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Zimmer Partners LP purchased a new stake in shares of Casella Waste Systems in the third quarter worth about $50,854,000. Wellington Management Group LLP increased its holdings in 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. Raymond James Financial Inc. bought a new stake in shares of Casella Waste Systems during the 4th quarter worth $31,326,000. Maven Securities LTD bought a new position in Casella Waste Systems in the third quarter valued at $19,898,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Casella Waste Systems during the third quarter worth about $14,924,000. 99.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CWST shares. William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a report on Friday, February 14th. Stifel Nicolaus lifted 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 note on Tuesday, February 18th. Finally, Jefferies Financial Group lowered shares of Casella Waste Systems from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.75.

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Casella Waste Systems Trading Down 0.2 %

CWST stock traded down $0.20 during trading on Monday, hitting $110.50. 95,502 shares of the company traded hands, compared to its average volume of 326,594. The company has a 50-day moving average of $109.73 and a 200-day moving average of $107.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00. Casella Waste Systems, Inc. has a 1 year low of $86.41 and a 1 year high of $116.31. The firm has a market capitalization of $7.00 billion, a PE ratio of 482.03, a P/E/G ratio of 3.86 and a beta of 1.05.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.25. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. Analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal 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.