Casella Waste Systems, Inc. $CWST Shares Acquired by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP increased its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 6.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,647,907 shares of the industrial products company’s stock after purchasing an additional 95,600 shares during the quarter. Westfield Capital Management Co. LP owned 2.60% of Casella Waste Systems worth $156,353,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Casella Waste Systems by 180.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 191 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Casella Waste Systems by 301.6% during the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 184 shares in the last quarter. First Horizon Corp purchased a new stake in shares of Casella Waste Systems in the third quarter worth about $31,000. AlphaQuest LLC acquired a new stake in shares of Casella Waste Systems in the second quarter valued at about $33,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Casella Waste Systems by 235.3% in the second quarter. EverSource Wealth Advisors LLC now owns 285 shares of the industrial products company’s stock valued at $33,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CWST shares. Zacks Research raised Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. 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. Jefferies Financial Group set a $120.00 price target on shares of Casella Waste Systems and gave the company a “buy” rating in a report on Tuesday, January 6th. Raymond James Financial reiterated a “strong-buy” rating and issued a $115.00 price objective on shares of Casella Waste Systems in a report on Monday. Finally, UBS Group boosted their price target on Casella Waste Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Casella Waste Systems currently has an average rating of “Moderate Buy” and a consensus price target of $114.22.

Casella Waste Systems Price Performance

CWST opened at $89.09 on Thursday. The company has a market capitalization of $5.66 billion, a P/E ratio of 742.48 and a beta of 0.79. The company has a 50-day moving average of $101.67 and a 200-day moving average of $96.03. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.43 and a current ratio of 1.26. Casella Waste Systems, Inc. has a 1-year low of $82.22 and a 1-year high of $121.24.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Thursday, February 19th. The industrial products company reported $0.30 EPS for the quarter, topping 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 the consensus estimate of $471.32 million. During the same period last year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal 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.