Casella Waste Systems, Inc. (NASDAQ:CWST) Position Boosted by Stifel Financial Corp

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

A number of other institutional investors and hedge funds also recently modified their holdings of CWST. Mather Group LLC. grew its holdings in Casella Waste Systems by 1,606.7% in the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 241 shares during the period. Covestor Ltd boosted its holdings 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 purchasing an additional 153 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Casella Waste Systems by 156.5% during the 4th quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company's stock valued at $34,000 after buying an additional 194 shares during the period. Huntington National Bank increased its holdings in shares of Casella Waste Systems by 171.6% during the 4th quarter. Huntington National Bank now owns 364 shares of the industrial products company's stock worth $39,000 after buying an additional 230 shares during the last quarter. Finally, Eagle Bay Advisors LLC purchased a new position in shares of Casella Waste Systems in the 4th quarter worth $58,000. Institutional investors and hedge funds own 99.51% of the company's stock.

Casella Waste Systems Stock Up 1.3 %

Shares of NASDAQ CWST traded up $1.49 during trading on Monday, reaching $118.24. 492,059 shares of the stock were exchanged, compared to its average volume of 366,499. Casella Waste Systems, Inc. has a twelve month low of $91.01 and a twelve month high of $120.69. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of 514.09, a price-to-earnings-growth ratio of 3.86 and a beta of 0.89. The business's 50-day moving average price is $112.05 and its 200 day moving average price is $109.31.

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, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $403.64 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The company's revenue was up 22.3% compared to the same quarter last year. As a group, equities analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. TD Cowen started coverage on Casella Waste Systems in a research note on Wednesday, April 9th. They set a "buy" rating and a $130.00 price target for the company. Stifel Nicolaus increased their target price on shares of Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Raymond James reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a research report on Wednesday, April 16th. Jefferies Financial Group lowered shares of Casella Waste Systems from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. Finally, UBS Group lifted their target price on shares of Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $122.67.

Insider Activity at Casella Waste Systems

In other news, SVP Paul Ligon sold 2,000 shares of the business's stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $118.67, for a total transaction of $237,340.00. Following the completion of the transaction, the senior vice president now owns 20,347 shares of the company's stock, valued at approximately $2,414,578.49. The trade was a 8.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.24% of the stock is owned by corporate insiders.

Casella Waste Systems 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.