Westfield Capital Management Co. LP Lowers Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Westfield Capital Management Co. LP reduced its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 biggest holding. Westfield Capital Management Co. LP owned 2.38% of Casella Waste Systems worth $168,140,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Covestor Ltd grew its position in shares of Casella Waste Systems by 124.4% in the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 153 shares during the period. Quarry LP acquired a new position in Casella Waste Systems in the 4th quarter valued at approximately $30,000. NBC Securities Inc. bought a new position in Casella Waste Systems during the first quarter worth $31,000. Opal Wealth Advisors LLC bought a new position in shares of Casella Waste Systems in the first quarter valued at $34,000. Finally, Huntington National Bank lifted its stake in shares of Casella Waste Systems by 171.6% in the fourth quarter. Huntington National Bank now owns 364 shares of the industrial products company's stock valued at $39,000 after buying an additional 230 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.

Casella Waste Systems Trading Down 0.3%

CWST stock traded down $0.30 during midday trading on Thursday, reaching $99.32. The company's stock had a trading volume of 382,361 shares, compared to its average volume of 448,851. Casella Waste Systems, Inc. has a 1 year low of $97.05 and a 1 year high of $121.24. The stock has a fifty day simple moving average of $112.57 and a two-hundred day simple moving average of $112.24. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 552.33, a PEG ratio of 4.07 and a beta of 0.83. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.87 and a current ratio of 1.70.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.05. The firm had revenue of $465.33 million for the quarter, compared to the consensus estimate of $454.01 million. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.97%. The company's quarterly revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 EPS. On average, equities research analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. William Blair reiterated an "outperform" rating on shares of Casella Waste Systems in a research note on Tuesday, July 15th. TD Cowen initiated coverage on shares of Casella Waste Systems in a research note on Wednesday, April 9th. They issued a "buy" rating and a $130.00 price target for the company. UBS Group upped their price objective on shares of Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, April 11th. 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. Finally, Cowen reissued a "buy" rating on shares of Casella Waste Systems in a research report on Friday, June 6th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $123.17.

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.