American Century Companies Inc. Buys 138,229 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

American Century Companies Inc. increased its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 23.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 716,267 shares of the industrial products company’s stock after buying an additional 138,229 shares during the period. American Century Companies Inc. owned 1.13% of Casella Waste Systems worth $75,788,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mather Group LLC. lifted its position in Casella Waste Systems by 1,606.7% during the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 241 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Casella Waste Systems by 156.5% in the 4th quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 194 shares during the period. Eagle Bay Advisors LLC bought a new stake in Casella Waste Systems in the 4th quarter valued at $58,000. Harbor Investment Advisory LLC grew its holdings in Casella Waste Systems by 30.2% in the 4th quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company’s stock valued at $84,000 after buying an additional 185 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Casella Waste Systems by 16.4% during the fourth quarter. Signaturefd LLC now owns 802 shares of the industrial products company’s stock worth $85,000 after buying an additional 113 shares in the last quarter. Institutional investors own 99.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Jefferies Financial Group downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating and decreased their price target for the company from $115.00 to $113.00 in a research note on Thursday, January 23rd. William Blair restated an “outperform” rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Finally, Stifel Nicolaus lifted their price target on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $117.75.

Casella Waste Systems Trading Up 0.3 %

CWST opened at $110.82 on Tuesday. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 481.83, a P/E/G ratio of 3.86 and a beta of 1.05. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. Casella Waste Systems, Inc. has a twelve month low of $86.41 and a twelve month high of $116.31. The company has a 50-day simple moving average of $109.75 and a 200 day simple moving average of $106.82.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. Analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Casella Waste Systems Company 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.