TradeLink Capital LLC acquired a new stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 3,882 shares of the industrial products company's stock, valued at approximately $411,000. Casella Waste Systems comprises approximately 4.1% of TradeLink Capital LLC's investment portfolio, making the stock its 9th biggest position.
A number of other institutional investors have also recently made changes to their positions in the stock. Amalgamated Bank increased its position in Casella Waste Systems by 6.4% during the 3rd quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company's stock valued at $210,000 after purchasing an additional 126 shares during the period. Integrated Investment Consultants LLC increased its position in shares of Casella Waste Systems by 2.2% during the fourth quarter. Integrated Investment Consultants LLC now owns 7,607 shares of the industrial products company's stock valued at $805,000 after buying an additional 165 shares during the period. Harbor Investment Advisory LLC raised its stake in Casella Waste Systems by 30.2% in the fourth quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company's stock worth $84,000 after buying an additional 185 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Casella Waste Systems by 156.5% in the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company's stock worth $34,000 after buying an additional 194 shares during the period. Finally, Principal Securities Inc. boosted its position 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 acquiring an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 99.51% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on CWST. Jefferies Financial Group lowered Casella Waste Systems from a "buy" rating to a "hold" rating and reduced their price objective for the company from $115.00 to $113.00 in a research report on Thursday, January 23rd. Stifel Nicolaus increased their price target on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, William Blair restated an "outperform" rating on shares of Casella Waste Systems in a report on Friday, February 14th. Two investment 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $117.75.
Check Out Our Latest Research Report on Casella Waste Systems
Casella Waste Systems Price Performance
Casella Waste Systems stock traded up $1.13 during midday trading on Thursday, reaching $106.27. 295,726 shares of the stock traded hands, compared to its average volume of 359,890. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. Casella Waste Systems, Inc. has a 12 month low of $86.41 and a 12 month high of $116.31. The stock's fifty day moving average is $109.30 and its 200-day moving average is $106.65. The stock has a market cap of $6.73 billion, a P/E ratio of 462.04, a PEG ratio of 3.86 and a beta of 1.05.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. As a group, equities research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS for the current 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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