TimesSquare Capital Management LLC Buys 76,385 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

TimesSquare Capital Management LLC grew its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 13.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 647,002 shares of the industrial products company's stock after buying an additional 76,385 shares during the quarter. TimesSquare Capital Management LLC owned approximately 1.02% of Casella Waste Systems worth $68,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CWST. Harbor Capital Advisors Inc. increased its position in shares of Casella Waste Systems by 108.0% during the third quarter. Harbor Capital Advisors Inc. now owns 66,129 shares of the industrial products company's stock valued at $6,579,000 after purchasing an additional 34,340 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Casella Waste Systems by 87.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 78,549 shares of the industrial products company's stock valued at $7,815,000 after acquiring an additional 36,573 shares during the period. Geode Capital Management LLC grew its position in Casella Waste Systems by 8.3% in the third quarter. Geode Capital Management LLC now owns 1,430,958 shares of the industrial products company's stock valued at $142,393,000 after acquiring an additional 109,288 shares during the period. MQS Management LLC bought a new stake in Casella Waste Systems in the third quarter valued at $562,000. Finally, Loomis Sayles & Co. L P boosted its stake in Casella Waste Systems by 21.8% in the third quarter. Loomis Sayles & Co. L P now owns 848,976 shares of the industrial products company's stock worth $84,465,000 after purchasing an additional 151,744 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Casella Waste Systems Trading Down 1.5 %

Shares of CWST traded down $1.71 during trading hours on Friday, hitting $113.99. 312,703 shares of the stock traded hands, compared to its average volume of 326,650. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70. Casella Waste Systems, Inc. has a 1-year low of $86.41 and a 1-year high of $116.31. The firm has a market capitalization of $7.22 billion, a PE ratio of 495.61, a price-to-earnings-growth ratio of 3.87 and a beta of 1.04. The business has a fifty day moving average of $108.18 and a 200-day moving average of $106.10.

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 (EPS) 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%. Analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Analysts Set New Price Targets

CWST has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. Stifel Nicolaus boosted their price objective on Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a research note on Tuesday. Jefferies Financial Group lowered 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 research note on Thursday, January 23rd. Finally, William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Casella Waste Systems has an average rating of "Moderate Buy" and an average price target of $117.75.

About Casella Waste Systems

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.