Harbor Capital Advisors Inc. raised its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 108.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 66,129 shares of the industrial products company's stock after acquiring an additional 34,340 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.11% of Casella Waste Systems worth $6,579,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new position in shares of Casella Waste Systems during the 1st quarter worth approximately $26,000. Opal Wealth Advisors LLC purchased a new position in shares of Casella Waste Systems during the 2nd quarter worth approximately $29,000. GAMMA Investing LLC raised its stake in shares of Casella Waste Systems by 76.4% during the 2nd quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company's stock worth $32,000 after buying an additional 139 shares in the last quarter. Whittier Trust Co. purchased a new position in shares of Casella Waste Systems during the 1st quarter worth approximately $41,000. Finally, Mark Sheptoff Financial Planning LLC raised its stake in shares of Casella Waste Systems by 100.0% during the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 1,000 shares of the industrial products company's stock worth $99,000 after buying an additional 500 shares in the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
CWST has been the subject of a number of analyst reports. Stifel Nicolaus reissued a "buy" rating and set a $117.00 target price (up from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. William Blair initiated coverage on Casella Waste Systems in a research note on Thursday, October 3rd. They set an "outperform" rating for the company. Raymond James increased their target price on Casella Waste Systems from $121.00 to $122.00 and gave the stock a "strong-buy" rating in a research note on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Casella Waste Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $111.50.
View Our Latest Report on CWST
Casella Waste Systems Price Performance
Shares of CWST traded up $1.46 on Friday, reaching $99.34. The stock had a trading volume of 303,382 shares, compared to its average volume of 323,820. The firm has a market capitalization of $5.77 billion, a PE ratio of 827.83, a PEG ratio of 7.80 and a beta of 0.99. The company has a quick ratio of 1.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. The firm has a 50-day moving average of $102.61 and a 200 day moving average of $100.54. Casella Waste Systems, Inc. has a twelve month low of $74.00 and a twelve month high of $109.08.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.01). The company had revenue of $411.63 million for the quarter, compared to analyst estimates of $412.59 million. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.42%. Casella Waste Systems's quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 EPS. Sell-side analysts expect that Casella Waste Systems, Inc. will post 0.62 EPS for the current 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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