Vanguard Group Inc. lessened its stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,045,330 shares of the industrial products company's stock after selling 65,199 shares during the quarter. Vanguard Group Inc. owned 9.54% of Casella Waste Systems worth $674,115,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Covestor Ltd boosted its position in Casella Waste Systems by 124.4% during the fourth quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock worth $29,000 after purchasing an additional 153 shares during the period. Quarry LP bought a new stake in shares of Casella Waste Systems during the 4th quarter worth $30,000. NBC Securities Inc. acquired a new position in Casella Waste Systems in the 1st quarter valued at $31,000. Opal Wealth Advisors LLC bought a new position in Casella Waste Systems in the 1st quarter worth $34,000. Finally, Johnson Financial Group Inc. acquired a new position in Casella Waste Systems during the 4th quarter worth $44,000. Hedge funds and other institutional investors own 99.51% of the company's stock.
Analyst Ratings Changes
CWST has been the subject of several research analyst reports. William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a research report on Tuesday, July 15th. Raymond James Financial set a $125.00 target price on Casella Waste Systems and gave the stock a "strong-buy" rating in a report on Monday, August 4th. Finally, Cowen reiterated a "buy" rating on shares of Casella Waste Systems in a research report on Friday, June 6th. Two equities research 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's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $123.17.
View Our Latest Research Report on CWST
Casella Waste Systems Stock Down 0.4%
Shares of NASDAQ CWST traded down $0.38 during midday trading on Monday, hitting $98.96. 116,391 shares of the stock traded hands, compared to its average volume of 454,124. The business has a 50 day moving average price of $110.20 and a two-hundred day moving average price of $111.89. Casella Waste Systems, Inc. has a one year low of $97.05 and a one year high of $121.24. 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 cap of $6.28 billion, a PE ratio of 549.39, a P/E/G ratio of 4.08 and a beta of 0.83.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.05. The firm had revenue of $465.33 million during the quarter, compared to analyst estimates of $454.01 million. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%. The company's revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 EPS. On average, equities analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.
Casella Waste Systems 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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