Summit Creek Advisors LLC Acquires 66,990 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Summit Creek Advisors LLC boosted its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 59.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 179,037 shares of the industrial products company's stock after buying an additional 66,990 shares during the quarter. Casella Waste Systems accounts for about 2.5% of Summit Creek Advisors LLC's investment portfolio, making the stock its 19th largest position. Summit Creek Advisors LLC owned approximately 0.28% of Casella Waste Systems worth $18,944,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of CWST. Signaturefd LLC lifted its holdings in shares of Casella Waste Systems by 16.4% during the fourth quarter. Signaturefd LLC now owns 802 shares of the industrial products company's stock valued at $85,000 after purchasing an additional 113 shares during the last quarter. Integrated Investment Consultants LLC lifted its position in shares of Casella Waste Systems by 2.2% in the 4th quarter. Integrated Investment Consultants LLC now owns 7,607 shares of the industrial products company's stock valued at $805,000 after acquiring an additional 165 shares in the last quarter. Harbor Investment Advisory LLC boosted its stake in 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 worth $84,000 after purchasing an additional 185 shares during the period. Jones Financial Companies Lllp grew its position in Casella Waste Systems by 156.5% during the 4th quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company's stock worth $34,000 after purchasing an additional 194 shares in the last quarter. Finally, Principal Securities Inc. raised its stake in Casella Waste Systems by 11.0% during the 4th quarter. Principal Securities Inc. now owns 1,979 shares of the industrial products company's stock valued at $209,000 after purchasing an additional 196 shares during the period. Institutional investors own 99.51% of the company's stock.

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Casella Waste Systems Stock Up 0.2 %

Shares of NASDAQ CWST traded up $0.22 during mid-day trading on Thursday, reaching $110.91. The company had a trading volume of 87,958 shares, compared to its average volume of 318,679. 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 twelve month low of $86.41 and a twelve month high of $116.31. The stock's 50 day moving average is $109.77 and its 200-day moving average is $106.91. The stock has a market capitalization of $7.03 billion, a PE ratio of 481.89, a price-to-earnings-growth ratio of 3.86 and a beta of 1.05.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share 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%. As a group, equities analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Jefferies Financial Group lowered Casella Waste Systems from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. Finally, 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 report on Tuesday, February 18th. Two investment 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.