Raymond James & Associates Increases Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Raymond James & Associates grew its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 2.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,992 shares of the industrial products company's stock after purchasing an additional 6,206 shares during the period. Raymond James & Associates owned approximately 0.39% of Casella Waste Systems worth $22,285,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CWST. Seven Grand Managers LLC purchased a new position in Casella Waste Systems during the third quarter worth about $9,999,000. Creative Planning boosted its position in shares of Casella Waste Systems by 16.4% during the 3rd quarter. Creative Planning now owns 18,071 shares of the industrial products company's stock valued at $1,798,000 after acquiring an additional 2,541 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Casella Waste Systems by 64.5% during the third quarter. GAMMA Investing LLC now owns 528 shares of the industrial products company's stock worth $53,000 after purchasing an additional 207 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Casella Waste Systems by 12.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 14,300 shares of the industrial products company's stock worth $1,423,000 after acquiring an additional 1,600 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Casella Waste Systems by 12.6% during the third quarter. SG Americas Securities LLC now owns 9,214 shares of the industrial products company's stock valued at $917,000 after purchasing an additional 1,028 shares in the last quarter. Institutional investors own 99.51% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CWST shares. Raymond James boosted their price objective on shares of Casella Waste Systems from $121.00 to $122.00 and gave the stock a "strong-buy" rating in a report on Thursday, September 19th. William Blair initiated coverage on Casella Waste Systems in a research report on Thursday, October 3rd. They issued an "outperform" rating on the stock. Finally, Stifel Nicolaus reiterated a "buy" rating and set a $117.00 price target (up previously from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Casella Waste Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $111.25.

Casella Waste Systems Stock Down 2.1 %

Casella Waste Systems stock traded down $2.15 on Friday, hitting $100.01. 201,426 shares of the stock traded hands, compared to its average volume of 314,683. The business's fifty day simple moving average is $103.27 and its 200 day simple moving average is $100.33. The firm has a market cap of $5.80 billion, a P/E ratio of 329.55, a price-to-earnings-growth ratio of 7.90 and a beta of 0.99. The company has a current ratio of 1.58, a quick ratio of 1.51 and a debt-to-equity ratio of 0.94. Casella Waste Systems, Inc. has a 1 year low of $72.97 and a 1 year high of $109.08.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.06). Casella Waste Systems had a return on equity of 3.83% and a net margin of 1.35%. The business had revenue of $377.20 million for the quarter, compared to the consensus estimate of $373.87 million. During the same period in the previous year, the firm earned $0.36 EPS. The company's revenue was up 30.2% on a year-over-year basis. As a group, sell-side analysts forecast that Casella Waste Systems, Inc. will post 0.62 earnings per share for the current year.

Casella Waste Systems Company 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.