Wellington Management Group LLP increased its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 13.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,644,476 shares of the industrial products company's stock after buying an additional 190,023 shares during the period. Wellington Management Group LLP owned about 2.60% of Casella Waste Systems worth $174,002,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. grew its holdings 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 in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Casella Waste Systems by 156.5% during the 4th quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company's stock worth $34,000 after purchasing an additional 194 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of Casella Waste Systems during the fourth quarter worth $58,000. Harbor Investment Advisory LLC increased its holdings 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 valued at $84,000 after buying an additional 185 shares during the last quarter. Finally, Signaturefd LLC raised its stake in Casella Waste Systems by 16.4% in the fourth quarter. Signaturefd LLC now owns 802 shares of the industrial products company's stock valued at $85,000 after buying an additional 113 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on CWST. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Stifel Nicolaus upped their price target on Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, Jefferies Financial Group lowered shares of Casella Waste Systems from a "buy" rating to a "hold" rating and dropped their price target for the company from $115.00 to $113.00 in a research note on Thursday, January 23rd. Two equities 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 company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $117.75.
Check Out Our Latest Stock Analysis on CWST
Casella Waste Systems Stock Performance
Shares of CWST traded down $4.54 during midday trading on Monday, reaching $104.03. 937,831 shares of the stock were exchanged, compared to its average volume of 339,779. Casella Waste Systems, Inc. has a twelve month low of $86.41 and a twelve month 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 company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 452.30, a PEG ratio of 3.86 and a beta of 0.96. The business's 50-day moving average price is $110.09 and its 200 day moving average price is $107.24.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.25. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. On average, sell-side analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.
Casella Waste Systems Company 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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