Raymond James Financial Inc. Buys New Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Raymond James Financial Inc. bought a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 296,061 shares of the industrial products company's stock, valued at approximately $31,326,000. Raymond James Financial Inc. owned approximately 0.47% of Casella Waste Systems as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Casella Waste Systems by 87.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 78,549 shares of the industrial products company's stock worth $7,815,000 after buying an additional 36,573 shares in the last quarter. Geode Capital Management LLC raised its position in Casella Waste Systems by 8.3% during the third quarter. Geode Capital Management LLC now owns 1,430,958 shares of the industrial products company's stock worth $142,393,000 after acquiring an additional 109,288 shares during the last quarter. Loomis Sayles & Co. L P lifted its holdings in shares of Casella Waste Systems by 21.8% in the third quarter. Loomis Sayles & Co. L P now owns 848,976 shares of the industrial products company's stock valued at $84,465,000 after purchasing an additional 151,744 shares in the last quarter. HBK Investments L P acquired a new stake in shares of Casella Waste Systems in the third quarter valued at approximately $497,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Casella Waste Systems by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 607,954 shares of the industrial products company's stock valued at $64,328,000 after purchasing an additional 14,369 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.

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Casella Waste Systems Trading Up 1.8 %

NASDAQ CWST traded up $1.93 during mid-day trading on Monday, reaching $109.43. 341,364 shares of the stock were exchanged, compared to its average volume of 316,720. The business's fifty day simple moving average is $109.39 and its 200 day simple moving average is $106.65. 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 stock has a market capitalization of $6.93 billion, a PE ratio of 475.78, a PEG ratio of 3.86 and a beta of 1.05. Casella Waste Systems, Inc. has a 1-year low of $86.41 and a 1-year high of $116.31.

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 (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%. On average, research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus upped their target price on Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Jefferies Financial Group cut Casella Waste Systems from a "buy" rating to a "hold" rating and cut their price target for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. Finally, William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus 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.