Swiss National Bank grew its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,500 shares of the industrial products company's stock after purchasing an additional 10,900 shares during the period. Swiss National Bank owned approximately 0.19% of Casella Waste Systems worth $12,962,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Mather Group LLC. increased its holdings in Casella Waste Systems by 1,606.7% during the 4th 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. Jones Financial Companies Lllp increased its holdings 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 acquiring an additional 194 shares during the period. Eagle Bay Advisors LLC bought a new stake in Casella Waste Systems during the 4th quarter worth approximately $58,000. Harbor Investment Advisory LLC increased its holdings in Casella Waste Systems by 30.2% during the 4th quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company's stock worth $84,000 after acquiring an additional 185 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in Casella Waste Systems by 69.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the industrial products company's stock worth $158,000 after acquiring an additional 611 shares during the period. Institutional investors own 99.51% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a report on Friday, February 14th. Finally, Jefferies Financial Group lowered shares of Casella Waste Systems from a "buy" rating to a "hold" rating and decreased their target price for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $117.75.
Check Out Our Latest Research Report on Casella Waste Systems
Casella Waste Systems Price Performance
CWST stock traded down $0.33 during midday trading on Friday, reaching $110.46. The company had a trading volume of 587,038 shares, compared to its average volume of 318,437. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.00 and a quick ratio of 2.48. 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 capitalization of $7.00 billion, a P/E ratio of 480.26, a P/E/G ratio of 3.86 and a beta of 1.05. The firm has a 50-day moving average price of $109.71 and a 200-day moving average price of $106.76.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.41 EPS 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%. On average, research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.
Casella Waste Systems Profile
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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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