EntryPoint Capital LLC Takes Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

EntryPoint Capital LLC purchased a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,052 shares of the industrial products company’s stock, valued at approximately $535,000.

Several other large investors have also recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its stake in Casella Waste Systems by 7.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,661 shares of the industrial products company’s stock valued at $961,000 after acquiring an additional 695 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Casella Waste Systems in the 3rd quarter worth approximately $1,635,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Casella Waste Systems by 8.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 593,585 shares of the industrial products company’s stock valued at $59,056,000 after buying an additional 47,165 shares during the period. Citigroup Inc. grew its holdings in shares of Casella Waste Systems by 140.5% during the 3rd quarter. Citigroup Inc. now owns 55,950 shares of the industrial products company’s stock valued at $5,566,000 after acquiring an additional 32,682 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in shares of Casella Waste Systems by 18.9% in the third quarter. Cerity Partners LLC now owns 9,295 shares of the industrial products company’s stock worth $925,000 after acquiring an additional 1,478 shares during the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems Stock Up 0.3 %

Shares of Casella Waste Systems stock opened at $110.82 on Tuesday. Casella Waste Systems, Inc. has a 12-month low of $86.41 and a 12-month high of $116.31. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. The stock has a 50 day moving average price of $109.75 and a two-hundred day moving average price of $106.82. The stock has a market capitalization of $7.02 billion, a P/E ratio of 481.83, a PEG ratio of 3.86 and a beta of 1.05.

Casella Waste Systems (NASDAQ:CWST) last released its 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%. Equities analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Analysts Set New Price Targets

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

About Casella Waste Systems

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.