Nicholas Company Inc. Invests $5.05 Million in Casella Waste Systems, Inc. (NASDAQ:CWST)

Nicholas Company Inc. purchased a new position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 47,683 shares of the industrial products company's stock, valued at approximately $5,045,000. Nicholas Company Inc. owned 0.08% of Casella Waste Systems as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. increased its position in Casella Waste Systems by 10.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 6,037 shares of the industrial products company's stock worth $639,000 after acquiring an additional 558 shares during the period. Associated Banc Corp bought a new position in shares of Casella Waste Systems during the 4th quarter worth about $223,000. Swiss National Bank raised its position in shares of Casella Waste Systems by 9.8% during the fourth quarter. Swiss National Bank now owns 122,500 shares of the industrial products company's stock valued at $12,962,000 after buying an additional 10,900 shares during the last quarter. Moors & Cabot Inc. bought a new stake in shares of Casella Waste Systems in the 4th quarter worth approximately $250,000. Finally, Moran Wealth Management LLC boosted its stake in Casella Waste Systems by 6.4% during the fourth quarter. Moran Wealth Management LLC now owns 5,760 shares of the industrial products company's stock worth $609,000 after buying an additional 348 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Casella Waste Systems Trading Down 0.1 %

NASDAQ:CWST traded down $0.10 during trading hours on Thursday, hitting $110.79. The stock had a trading volume of 242,949 shares, compared to its average volume of 316,516. The business's 50 day moving average is $109.57 and its 200-day moving average is $106.70. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00. The company has a market cap 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. Casella Waste Systems, Inc. has a one year low of $86.41 and a one year high of $116.31.

Remove Ads

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 EPS for the quarter, beating 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%. Sell-side analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Stifel Nicolaus upped their price target on Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Jefferies Financial Group lowered Casella Waste Systems from a "buy" rating to a "hold" rating and decreased their price objective for the company from $115.00 to $113.00 in a research report on Thursday, January 23rd. Finally, William Blair reiterated an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Casella Waste Systems has an average rating of "Moderate Buy" and an average target price of $117.75.

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.