Charles Schwab Investment Management Inc. Has $67.04 Million Position in Casella Waste Systems, Inc. $CWST

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Casella Waste Systems by 1.1%, selling 6,782 shares and now holding 601,172 shares valued at approximately $67 million.
• Casella Waste Systems' stock price rose by 0.7% to $99.34, with a market cap of $6.31 billion and trailing 52-week highs and lows of $121.24 and $97.05, respectively.
• The company reported a quarterly earnings per share (EPS) of $0.36, exceeding analyst expectations by $0.05, and showed 23.4% revenue growth year-over-year.

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 1.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 601,172 shares of the industrial products company's stock after selling 6,782 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.95% of Casella Waste Systems worth $67,037,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sheets Smith Wealth Management boosted its stake in shares of Casella Waste Systems by 3.9% during the 1st quarter. Sheets Smith Wealth Management now owns 2,767 shares of the industrial products company's stock worth $309,000 after acquiring an additional 103 shares in the last quarter. Moors & Cabot Inc. boosted its position in Casella Waste Systems by 4.4% during the first quarter. Moors & Cabot Inc. now owns 2,469 shares of the industrial products company's stock valued at $275,000 after purchasing an additional 105 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Casella Waste Systems by 2.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,388 shares of the industrial products company's stock valued at $676,000 after buying an additional 134 shares in the last quarter. Signaturefd LLC grew its position in Casella Waste Systems by 17.3% in the first quarter. Signaturefd LLC now owns 941 shares of the industrial products company's stock worth $105,000 after acquiring an additional 139 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in Casella Waste Systems by 4.3% during the fourth quarter. Mackenzie Financial Corp now owns 3,516 shares of the industrial products company's stock worth $372,000 after buying an additional 146 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Raymond James Financial set a $125.00 price target on shares of Casella Waste Systems and gave the company a "strong-buy" rating in a research report on Monday, August 4th. Cowen reissued a "buy" rating on shares of Casella Waste Systems in a report on Friday, June 6th. Finally, William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $123.17.

Casella Waste Systems Price Performance

CWST traded up $1.22 during midday trading on Tuesday, hitting $98.73. The company had a trading volume of 38,161 shares, compared to its average volume of 453,963. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 1.70. The company has a market capitalization of $6.27 billion, a PE ratio of 548.50, a P/E/G ratio of 4.08 and a beta of 0.83. The firm's 50-day simple moving average is $109.81 and its 200-day simple moving average is $111.82. Casella Waste Systems, Inc. has a twelve month low of $97.05 and a twelve month high of $121.24.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.05. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%. The firm had revenue of $465.33 million during the quarter, compared to analysts' expectations of $454.01 million. During the same period in the previous year, the business posted $0.22 EPS. The company's quarterly revenue was up 23.4% compared to the same quarter last year. Equities research analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

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.