Van ECK Associates Corp raised its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,481 shares of the industrial products company's stock after purchasing an additional 3,554 shares during the quarter. Van ECK Associates Corp owned 0.05% of Casella Waste Systems worth $3,648,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Wasatch Advisors LP boosted its holdings in shares of Casella Waste Systems by 0.3% during the 3rd quarter. Wasatch Advisors LP now owns 1,739,222 shares of the industrial products company's stock valued at $173,035,000 after acquiring an additional 4,462 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Casella Waste Systems by 50.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company's stock worth $144,704,000 after buying an additional 487,661 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Casella Waste Systems by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,430,958 shares of the industrial products company's stock worth $142,393,000 after buying an additional 109,288 shares during the last quarter. State Street Corp raised its holdings in Casella Waste Systems by 5.7% during the 3rd quarter. State Street Corp now owns 1,387,662 shares of the industrial products company's stock valued at $138,058,000 after acquiring an additional 75,352 shares during the period. Finally, Geneva Capital Management LLC increased its holdings in shares of Casella Waste Systems by 0.4% in the third quarter. Geneva Capital Management LLC now owns 1,040,619 shares of the industrial products company's stock worth $103,531,000 after purchasing an additional 4,324 shares during the period. Institutional investors and hedge funds own 99.51% of the company's stock.
Casella Waste Systems Stock Performance
Casella Waste Systems stock traded down $1.64 during trading hours on Friday, reaching $114.06. 160,098 shares of the stock were exchanged, compared to its average volume of 321,937. The firm's 50 day moving average is $108.02 and its 200 day moving average is $106.01. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00. The stock has a market cap of $7.22 billion, a P/E ratio of 495.85, a P/E/G ratio of 3.87 and a beta of 1.04. Casella Waste Systems, Inc. has a 52-week low of $86.41 and a 52-week high of $116.31.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.
Analysts Set New Price Targets
CWST has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating for the company in a report on Friday, November 1st. Stifel Nicolaus lifted their target price on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a research note on Tuesday. Jefferies Financial Group downgraded shares of Casella Waste Systems from a "buy" rating to a "hold" rating and reduced their target price for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. Finally, William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Two 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 company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $117.75.
Check Out Our Latest Analysis on Casella Waste Systems
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.
Featured Stories
Before you consider Casella Waste Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Casella Waste Systems wasn't on the list.
While Casella Waste Systems currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
