Rhumbline Advisers Acquires 2,454 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Rhumbline Advisers increased its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,858 shares of the industrial products company's stock after acquiring an additional 2,454 shares during the period. Rhumbline Advisers owned about 0.14% of Casella Waste Systems worth $9,190,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CWST. Mather Group LLC. boosted its position in Casella Waste Systems by 1,606.7% in the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company's stock valued at $27,000 after buying an additional 241 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in Casella Waste Systems in the fourth quarter valued at about $58,000. Harbor Investment Advisory LLC boosted its position in Casella Waste Systems by 30.2% in the fourth 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 in the last quarter. Nisa Investment Advisors LLC boosted its position in Casella Waste Systems by 69.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the industrial products company's stock valued at $158,000 after buying an additional 611 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in Casella Waste Systems in the fourth quarter valued at about $201,000. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Casella Waste Systems Price Performance

Shares of NASDAQ CWST traded down $0.84 during trading on Tuesday, reaching $111.14. The company had a trading volume of 420,863 shares, compared to its average volume of 329,463. Casella Waste Systems, Inc. has a 52 week low of $86.41 and a 52 week high of $116.31. The stock has a market cap of $7.04 billion, a PE ratio of 483.22, a PEG ratio of 3.86 and a beta of 1.04. 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 business's 50 day moving average price is $108.28 and its 200-day moving average price is $106.21.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, topping 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%. Analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. Stifel Nicolaus boosted their price target on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group downgraded shares of Casella Waste Systems from a "buy" rating to a "hold" rating and dropped their target price for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $117.75.

Casella Waste Systems 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.