Stifel Financial Corp Purchases 3,462 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Stifel Financial Corp boosted its stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 11.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,025 shares of the industrial products company's stock after purchasing an additional 3,462 shares during the quarter. Stifel Financial Corp owned about 0.06% of Casella Waste Systems worth $3,706,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its stake in Casella Waste Systems by 87.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 78,549 shares of the industrial products company's stock valued at $7,815,000 after purchasing an additional 36,573 shares in the last quarter. Bank of Montreal Can increased its stake in Casella Waste Systems by 71.7% in the fourth quarter. Bank of Montreal Can now owns 5,200 shares of the industrial products company's stock valued at $550,000 after acquiring an additional 2,172 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Casella Waste Systems by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 607,954 shares of the industrial products company's stock valued at $64,328,000 after buying an additional 14,369 shares in the last quarter. Empowered Funds LLC acquired a new position in Casella Waste Systems during the 4th quarter worth approximately $201,000. Finally, Principal Securities Inc. lifted its stake in shares of Casella Waste Systems by 11.0% in the 4th quarter. Principal Securities Inc. now owns 1,979 shares of the industrial products company's stock valued at $209,000 after acquiring an additional 196 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CWST shares. William Blair reiterated an "outperform" rating on shares of Casella Waste Systems in a report on Friday, February 14th. UBS Group lifted their target price on Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, April 11th. TD Cowen started coverage on Casella Waste Systems in a report on Wednesday, April 9th. They set a "buy" rating and a $130.00 price target on the stock. Stifel Nicolaus upped their price objective 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. Finally, Raymond James reiterated a "strong-buy" rating on shares of Casella Waste Systems in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Casella Waste Systems has a consensus rating of "Moderate Buy" and an average price target of $122.67.

Casella Waste Systems Trading Down 1.2 %

CWST traded down $1.44 on Wednesday, hitting $118.94. 20,208 shares of the company were exchanged, compared to its average volume of 366,890. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00. The firm has a fifty day simple moving average of $112.49 and a two-hundred day simple moving average of $109.48. The stock has a market capitalization of $7.54 billion, a PE ratio of 517.24, a price-to-earnings-growth ratio of 3.86 and a beta of 0.89. Casella Waste Systems, Inc. has a 12 month low of $91.01 and a 12 month high of $121.19.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.08. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. The business had revenue of $417.10 million during the quarter, compared to analyst estimates of $403.64 million. During the same quarter in the prior year, the company posted $0.15 EPS. Casella Waste Systems's quarterly revenue was up 22.3% compared to the same quarter last year. Sell-side analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Paul Ligon sold 2,000 shares of the firm's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $118.67, for a total transaction of $237,340.00. Following the sale, the senior vice president now owns 20,347 shares of the company's stock, valued at $2,414,578.49. This trade represents a 8.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.24% of the stock is currently owned by company insiders.

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.