Casella Waste Systems, Inc. $CWST is Ranger Investment Management L.P.’s 8th Largest Position

Ranger Investment Management L.P. lifted its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 15.5% in the third quarter, Holdings Channel reports. The firm owned 346,020 shares of the industrial products company’s stock after acquiring an additional 46,450 shares during the period. Casella Waste Systems accounts for approximately 2.3% of Ranger Investment Management L.P.’s holdings, making the stock its 8th biggest position. Ranger Investment Management L.P.’s holdings in Casella Waste Systems were worth $32,830,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its holdings in shares of Casella Waste Systems by 1,106.7% in the second quarter. Alliancebernstein L.P. now owns 867,285 shares of the industrial products company’s stock valued at $100,067,000 after acquiring an additional 795,414 shares during the period. Norges Bank acquired a new stake in Casella Waste Systems during the 2nd quarter worth $55,948,000. Invesco Ltd. grew its position in Casella Waste Systems by 20.0% during the 2nd quarter. Invesco Ltd. now owns 2,597,599 shares of the industrial products company’s stock worth $299,711,000 after purchasing an additional 432,589 shares during the last quarter. Wasatch Advisors LP increased its stake in Casella Waste Systems by 14.4% in the second quarter. Wasatch Advisors LP now owns 3,412,123 shares of the industrial products company’s stock valued at $393,691,000 after purchasing an additional 428,909 shares during the period. Finally, Voya Investment Management LLC raised its holdings in shares of Casella Waste Systems by 72.1% in the third quarter. Voya Investment Management LLC now owns 536,376 shares of the industrial products company’s stock valued at $50,891,000 after buying an additional 224,691 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CWST. UBS Group upped their price objective on Casella Waste Systems from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Zacks Research upgraded Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. The Goldman Sachs Group lowered their price objective on shares of Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Barclays set a $95.00 price objective on shares of Casella Waste Systems and gave the stock an “equal weight” rating in a research report on Monday, November 3rd. Finally, JPMorgan Chase & Co. started coverage on shares of Casella Waste Systems in a report on Thursday, December 11th. They issued a “neutral” rating and a $112.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $114.33.

Casella Waste Systems Trading Up 2.1%

Shares of CWST stock opened at $105.94 on Friday. The business’s fifty day moving average price is $100.83 and its 200 day moving average price is $96.58. The firm has a market capitalization of $6.73 billion, a PE ratio of 438.81 and a beta of 0.79. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.51 and a quick ratio of 1.43. Casella Waste Systems, Inc. has a 1-year low of $82.22 and a 1-year high of $121.24.

About Casella Waste Systems

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.