Summit Creek Advisors LLC Raises Holdings in Casella Waste Systems, Inc. $CWST

Summit Creek Advisors LLC increased its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 12.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 210,165 shares of the industrial products company’s stock after purchasing an additional 23,056 shares during the quarter. Casella Waste Systems makes up 2.9% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. Summit Creek Advisors LLC owned approximately 0.33% of Casella Waste Systems worth $19,940,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CWST. Ameritas Advisory Services LLC bought a new position in shares of Casella Waste Systems in the second quarter valued at approximately $25,000. Maseco LLP acquired a new position in Casella Waste Systems in the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd grew its stake in Casella Waste Systems by 325.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 217 shares of the industrial products company’s stock valued at $25,000 after buying an additional 166 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Casella Waste Systems by 301.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 184 shares during the period. Finally, AlphaQuest LLC acquired a new position in Casella Waste Systems during the 2nd quarter worth $33,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Stock Performance

Shares of NASDAQ CWST opened at $99.96 on Monday. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 416.52 and a beta of 0.80. Casella Waste Systems, Inc. has a one year low of $82.22 and a one year high of $121.24. The business has a fifty day simple moving average of $95.95 and a 200 day simple moving average of $97.49. The company has a current ratio of 1.51, a quick ratio of 1.43 and a debt-to-equity ratio of 0.72.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Thursday, October 30th. The industrial products company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Casella Waste Systems had a net margin of 0.85% and a return on equity of 5.63%. The firm had revenue of $485.35 million for the quarter, compared to the consensus estimate of $477.24 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. The business’s revenue was up 17.9% compared to the same quarter last year. Sell-side analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CWST shares. Barclays set a $95.00 price target on Casella Waste Systems and gave the company an “equal weight” rating in a research report on Monday, November 3rd. JPMorgan Chase & Co. began coverage on Casella Waste Systems in a report on Thursday, December 11th. They issued a “neutral” rating and a $112.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Casella Waste Systems in a research report on Monday, December 29th. Raymond James Financial reissued a “strong-buy” rating and issued a $120.00 price objective on shares of Casella Waste Systems in a research report on Monday, November 3rd. Finally, Jefferies Financial Group set a $120.00 price objective on shares of Casella Waste Systems and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $114.33.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.