Moors & Cabot Inc. Purchases Shares of 2,364 Casella Waste Systems, Inc. (NASDAQ:CWST)

Moors & Cabot Inc. bought a new stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,364 shares of the industrial products company's stock, valued at approximately $250,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Amalgamated Bank boosted its stake in Casella Waste Systems by 6.4% in the third quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company's stock valued at $210,000 after acquiring an additional 126 shares during the period. Integrated Investment Consultants LLC boosted its stake in Casella Waste Systems by 2.2% in the fourth quarter. Integrated Investment Consultants LLC now owns 7,607 shares of the industrial products company's stock valued at $805,000 after acquiring an additional 165 shares during the period. Harbor Investment Advisory LLC boosted its stake 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 acquiring an additional 185 shares during the period. Jones Financial Companies Lllp boosted its stake 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 acquiring an additional 194 shares during the period. Finally, Principal Securities Inc. boosted its stake in Casella Waste Systems by 11.0% in the fourth quarter. Principal Securities Inc. now owns 1,979 shares of the industrial products company's stock valued at $209,000 after acquiring an additional 196 shares during the period. 99.51% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several brokerages have recently issued reports on CWST. Jefferies Financial Group downgraded Casella Waste Systems from a "buy" rating to a "hold" rating and reduced their price objective for the stock 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 research report on Friday, February 14th. Finally, Stifel Nicolaus boosted their price objective on Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $117.75.

Casella Waste Systems Price Performance

NASDAQ:CWST traded down $0.10 during midday trading on Thursday, hitting $110.79. 242,945 shares of the stock were exchanged, compared to its average volume of 316,516. Casella Waste Systems, Inc. has a one year low of $86.41 and a one year high of $116.31. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 481.70, a P/E/G ratio of 3.86 and a beta of 1.05. The business has a 50-day moving average price of $109.57 and a two-hundred day moving average price of $106.70. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 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%. Sell-side analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS 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.