WCM Investment Management LLC decreased its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 1.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 196,687 shares of the industrial products company's stock after selling 3,568 shares during the quarter. WCM Investment Management LLC owned 0.31% of Casella Waste Systems worth $20,735,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Mather Group LLC. grew its position 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 last quarter. GAMMA Investing LLC increased its position in Casella Waste Systems by 64.5% in the 3rd quarter. GAMMA Investing LLC now owns 528 shares of the industrial products company's stock valued at $53,000 after buying an additional 207 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in shares of Casella Waste Systems in the 4th quarter worth $58,000. Harbor Investment Advisory LLC increased its position in shares of Casella Waste Systems by 30.2% during the fourth 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 in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Casella Waste Systems by 69.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the industrial products company's stock valued at $158,000 after purchasing an additional 611 shares in the last quarter. Institutional investors own 99.51% of the company's stock.
Analyst Ratings Changes
A number of research analysts have issued reports on CWST shares. Deutsche Bank Aktiengesellschaft reduced their price objective on Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating for the company in a research note on Friday, November 1st. Stifel Nicolaus raised their price target on Casella Waste Systems from $117.00 to $127.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group downgraded Casella Waste Systems from a "buy" rating to a "hold" rating and lowered their price objective for the company from $115.00 to $113.00 in a research report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $113.80.
Read Our Latest Research Report on Casella Waste Systems
Casella Waste Systems Trading Down 0.7 %
CWST stock traded down $0.76 during midday trading on Wednesday, reaching $106.71. The company's stock had a trading volume of 327,946 shares, compared to its average volume of 293,513. The stock has a fifty day simple moving average of $107.68 and a two-hundred day simple moving average of $105.64. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 889.25, a PEG ratio of 3.89 and a beta of 1.04. Casella Waste Systems, Inc. has a 1 year low of $84.45 and a 1 year high of $114.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55.
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 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. On average, equities research analysts predict that Casella Waste Systems, Inc. will post 0.65 EPS for the current year.
Casella Waste Systems Company Profile
(
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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