Segall Bryant & Hamill LLC grew its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 325,411 shares of the industrial products company's stock after purchasing an additional 2,629 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.51% of Casella Waste Systems worth $34,432,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Zimmer Partners LP acquired a new stake in shares of Casella Waste Systems in the third quarter valued at approximately $50,854,000. Wellington Management Group LLP increased its stake in shares of Casella Waste Systems by 50.4% during the third quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company's stock worth $144,704,000 after acquiring an additional 487,661 shares during the period. Raymond James Financial Inc. purchased a new position in Casella Waste Systems during the fourth quarter worth about $31,326,000. Maven Securities LTD acquired a new stake in Casella Waste Systems in the third quarter valued at about $19,898,000. Finally, Loomis Sayles & Co. L P boosted its holdings in Casella Waste Systems by 21.8% in the 3rd 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. Institutional investors and hedge funds own 99.51% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have issued reports on CWST. Stifel Nicolaus increased their price objective on Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Finally, Jefferies Financial Group cut Casella Waste Systems from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. Two equities 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $117.75.
View Our Latest Research Report on CWST
Casella Waste Systems Trading Down 0.0 %
Shares of NASDAQ CWST traded down $0.04 during midday trading on Friday, reaching $110.70. 246,133 shares of the stock were exchanged, compared to its average volume of 327,482. The stock has a 50 day moving average price of $109.73 and a 200-day moving average price of $106.98. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $7.01 billion, a P/E ratio of 481.30, a P/E/G ratio of 3.86 and a beta of 1.05. Casella Waste Systems, Inc. has a 52-week low of $86.41 and a 52-week high of $116.31.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its quarterly earnings results 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%. Equities research analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.
Casella Waste Systems Profile
(
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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