Thrivent Financial for Lutherans cut its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 43.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,430 shares of the industrial products company's stock after selling 84,431 shares during the quarter. Thrivent Financial for Lutherans owned 0.18% of Casella Waste Systems worth $11,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in CWST. Pathstone Holdings LLC grew its position in shares of Casella Waste Systems by 4.2% in the 3rd quarter. Pathstone Holdings LLC now owns 51,589 shares of the industrial products company's stock worth $5,133,000 after buying an additional 2,057 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Casella Waste Systems by 7.8% in the third quarter. PNC Financial Services Group Inc. now owns 9,661 shares of the industrial products company's stock valued at $961,000 after acquiring an additional 695 shares in the last quarter. Moran Wealth Management LLC increased its position in Casella Waste Systems by 37.6% during the 3rd quarter. Moran Wealth Management LLC now owns 5,412 shares of the industrial products company's stock valued at $538,000 after purchasing an additional 1,478 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Casella Waste Systems by 9.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 246,519 shares of the industrial products company's stock valued at $24,526,000 after purchasing an additional 20,270 shares during the period. Finally, Intech Investment Management LLC bought a new position in Casella Waste Systems in the 3rd quarter worth $1,635,000. Institutional investors own 99.51% of the company's stock.
Wall Street Analysts Forecast Growth
CWST has been the topic of several research analyst reports. Jefferies Financial Group cut shares of Casella Waste Systems from a "buy" rating to a "hold" rating and reduced their price target for the company from $115.00 to $113.00 in a research report on Thursday, January 23rd. William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Finally, Stifel Nicolaus lifted their price target on Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Casella Waste Systems has a consensus rating of "Moderate Buy" and a consensus price target of $117.75.
Get Our Latest Report on Casella Waste Systems
Casella Waste Systems Stock Down 1.8 %
CWST stock traded down $2.04 on Wednesday, reaching $110.69. 324,495 shares of the company traded hands, compared to its average volume of 319,128. Casella Waste Systems, Inc. has a one year low of $86.41 and a one year high of $116.31. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.00 and a quick ratio of 2.48. The firm has a fifty day simple moving average of $109.79 and a 200-day simple moving average of $106.88. The company has a market cap of $7.01 billion, a P/E ratio of 481.26, a price-to-earnings-growth ratio of 3.86 and a beta of 1.05.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its quarterly earnings data 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%. Research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.
About Casella Waste Systems
(
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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