Vanguard Group Inc. Cuts Holdings in Casella Waste Systems, Inc. $CWST

Vanguard Group Inc. cut its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,993,583 shares of the industrial products company’s stock after selling 76,386 shares during the quarter. Vanguard Group Inc. owned about 9.44% of Casella Waste Systems worth $568,671,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wasatch Advisors LP boosted 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 acquiring an additional 428,909 shares in the last quarter. Conestoga Capital Advisors LLC boosted its position in shares of Casella Waste Systems by 7.3% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,876,061 shares of the industrial products company’s stock worth $272,881,000 after purchasing an additional 195,947 shares in the last quarter. Invesco Ltd. grew its stake 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 buying an additional 432,589 shares during the last quarter. Westfield Capital Management Co. LP increased its position in Casella Waste Systems by 2.9% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,552,307 shares of the industrial products company’s stock valued at $179,105,000 after buying an additional 44,464 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Casella Waste Systems by 0.8% in the second quarter. Geode Capital Management LLC now owns 1,500,083 shares of the industrial products company’s stock valued at $173,101,000 after buying an additional 12,016 shares during the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CWST shares. JPMorgan Chase & Co. dropped their price target on Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday. Barclays boosted their target price on shares of Casella Waste Systems from $95.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Monday. Weiss Ratings cut shares of Casella Waste Systems from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday. Raymond James Financial reissued a “strong-buy” rating and set a $115.00 price objective on shares of Casella Waste Systems in a report on Monday. Finally, Jefferies Financial Group set a $120.00 target price on 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, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $114.22.

Casella Waste Systems Trading Down 0.9%

NASDAQ CWST opened at $91.87 on Wednesday. Casella Waste Systems, Inc. has a 1 year low of $82.22 and a 1 year high of $121.24. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.43. The company has a market capitalization of $5.83 billion, a PE ratio of 765.65 and a beta of 0.79. The company has a fifty day moving average of $101.88 and a 200 day moving average of $96.08.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Thursday, February 19th. The industrial products company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.08. Casella Waste Systems had a return on equity of 5.17% and a net margin of 0.43%.The business had revenue of $469.06 million during the quarter, compared to analyst estimates of $471.32 million. During the same quarter last year, the business posted $0.41 EPS. The company’s revenue was up 9.7% on a year-over-year basis. Research analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Casella Waste Systems 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.