Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 13.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 80,357 shares of the industrial products company's stock after purchasing an additional 9,618 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.13% of Casella Waste Systems worth $8,503,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in CWST. Mather Group LLC. increased its position in shares of Casella Waste Systems by 1,606.7% during the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company's stock worth $27,000 after acquiring an additional 241 shares during the period. Eagle Bay Advisors LLC purchased a new position in shares of Casella Waste Systems in the 4th quarter valued at about $58,000. Harbor Investment Advisory LLC boosted its stake in shares of Casella Waste Systems by 30.2% in the 4th quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company's stock valued at $84,000 after buying an additional 185 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Casella Waste Systems by 69.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the industrial products company's stock worth $158,000 after buying an additional 611 shares during the period. Finally, Empowered Funds LLC purchased a new stake in shares of Casella Waste Systems during the fourth quarter worth approximately $201,000. Hedge funds and other institutional investors own 99.51% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on CWST shares. Jefferies Financial Group cut shares of Casella Waste Systems from a "buy" rating to a "hold" rating and lowered their price target for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a report on Friday, February 14th. Finally, Stifel Nicolaus increased their price objective on Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Two investment 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 company. According to MarketBeat.com, Casella Waste Systems currently has an average rating of "Moderate Buy" and a consensus target price of $117.75.

Casella Waste Systems Stock Performance

NASDAQ CWST traded up $1.74 during trading hours on Monday, hitting $113.76. The company had a trading volume of 417,027 shares, compared to its average volume of 339,551. The business has a 50 day moving average of $108.61 and a 200-day moving average of $106.40. 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 company has a market cap of $7.21 billion, a PE ratio of 494.61, a price-to-earnings-growth ratio of 3.86 and a beta of 1.04.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, beating 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%. As a group, equities research analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current 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.