Westfield Capital Management Co. LP Sells 12,460 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Westfield Capital Management Co. LP cut its stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,507,843 shares of the industrial products company's stock after selling 12,460 shares during the period. Casella Waste Systems accounts for 0.8% of Westfield Capital Management Co. LP's investment portfolio, making the stock its 24th largest holding. Westfield Capital Management Co. LP owned about 2.38% of Casella Waste Systems worth $168,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Wasatch Advisors LP increased its position in shares of Casella Waste Systems by 48.2% during the 4th quarter. Wasatch Advisors LP now owns 2,577,308 shares of the industrial products company's stock valued at $272,705,000 after purchasing an additional 838,086 shares during the last quarter. Invesco Ltd. increased its position in shares of Casella Waste Systems by 0.8% during the 4th quarter. Invesco Ltd. now owns 1,830,220 shares of the industrial products company's stock valued at $193,656,000 after purchasing an additional 13,678 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Casella Waste Systems by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 1,446,875 shares of the industrial products company's stock valued at $153,129,000 after purchasing an additional 15,917 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Casella Waste Systems by 16.0% during the 4th quarter. Ameriprise Financial Inc. now owns 1,402,322 shares of the industrial products company's stock valued at $148,380,000 after purchasing an additional 193,571 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Casella Waste Systems by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 904,598 shares of the industrial products company's stock valued at $95,715,000 after purchasing an additional 30,153 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors.

Casella Waste Systems Price Performance

Shares of CWST traded down $3.34 during trading hours on Tuesday, reaching $99.20. 1,010,249 shares of the company's stock traded hands, compared to its average volume of 459,415. The stock has a market cap of $6.30 billion, a PE ratio of 551.11, a price-to-earnings-growth ratio of 4.21 and a beta of 0.83. The company has a current ratio of 1.70, a quick ratio of 1.87 and a debt-to-equity ratio of 0.72. The firm's 50 day simple moving average is $113.28 and its 200-day simple moving average is $112.42. Casella Waste Systems, Inc. has a 12 month low of $97.05 and a 12 month high of $121.24.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its quarterly earnings results 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. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%. The business had revenue of $465.33 million for the quarter, compared to analysts' expectations of $454.01 million. During the same period in the previous year, the firm earned $0.22 EPS. The business's quarterly revenue was up 23.4% on a year-over-year basis. Equities analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CWST shares. Cowen reaffirmed a "buy" rating on shares of Casella Waste Systems in a research report on Friday, June 6th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $125.00 target price (down from $129.00) on shares of Casella Waste Systems in a research report on Monday. William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. UBS Group lifted their price objective on Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Finally, TD Cowen assumed coverage on Casella Waste Systems in a report on Wednesday, April 9th. They issued a "buy" rating and a $130.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $123.17.

About Casella Waste Systems

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.