Casella Waste Systems, Inc. (NASDAQ:CWST) Stock Holdings Lessened by William Blair Investment Management LLC

William Blair Investment Management LLC lowered its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,640,498 shares of the industrial products company's stock after selling 11,614 shares during the period. Casella Waste Systems makes up 0.7% of William Blair Investment Management LLC's portfolio, making the stock its 24th biggest position. William Blair Investment Management LLC owned about 4.17% of Casella Waste Systems worth $279,391,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CWST. Amalgamated Bank raised its holdings in shares of 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 buying an additional 126 shares during the period. Thrivent Financial for Lutherans grew its position in Casella Waste Systems by 1.4% in the third quarter. Thrivent Financial for Lutherans now owns 195,861 shares of the industrial products company's stock valued at $19,486,000 after acquiring an additional 2,636 shares in the last quarter. LMR Partners LLP acquired a new stake in Casella Waste Systems in the third quarter valued at approximately $2,414,000. Pathstone Holdings LLC raised its stake in shares of Casella Waste Systems by 4.2% during the third quarter. Pathstone Holdings LLC now owns 51,589 shares of the industrial products company's stock valued at $5,133,000 after purchasing an additional 2,057 shares during the period. Finally, OneAscent Financial Services LLC acquired a new position in shares of Casella Waste Systems during the third quarter worth $301,000. Institutional investors and hedge funds own 99.51% of the company's stock.

Remove Ads

Casella Waste Systems Stock Down 0.3 %

NASDAQ CWST traded down $0.33 during trading hours on Friday, reaching $110.46. 587,038 shares of the company traded hands, compared to its average volume of 317,814. The company has a 50 day moving average of $109.64 and a two-hundred day moving average of $106.73. The stock has a market capitalization of $7.00 billion, a PE ratio of 480.26, a PEG ratio of 3.86 and a beta of 1.05. Casella Waste Systems, Inc. has a 12 month low of $86.41 and a 12 month high of $116.31. 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 (NASDAQ:CWST - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.41 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%. As a group, equities analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus raised 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. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Finally, Jefferies Financial Group cut Casella Waste Systems from a "buy" rating to a "hold" rating and cut their price target for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $117.75.

Casella Waste Systems Company Profile

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.