Jackson Square Partners LLC Has $1.61 Million Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Jackson Square Partners LLC reduced its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 52.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,256 shares of the industrial products company’s stock after selling 17,024 shares during the quarter. Jackson Square Partners LLC’s holdings in Casella Waste Systems were worth $1,614,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. increased its holdings in shares of 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 valued at $27,000 after acquiring an additional 241 shares in the last quarter. Jones Financial Companies Lllp grew its position 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 acquired a new position in Casella Waste Systems during the fourth quarter worth $58,000. Harbor Investment Advisory LLC raised its holdings in Casella Waste Systems by 30.2% during the fourth quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company’s stock worth $84,000 after buying an additional 185 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Casella Waste Systems by 16.4% in the fourth quarter. Signaturefd LLC now owns 802 shares of the industrial products company’s stock valued at $85,000 after buying an additional 113 shares in the last quarter. Institutional investors own 99.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Casella Waste Systems Stock Up 0.3 %

CWST opened at $110.82 on Tuesday. Casella Waste Systems, Inc. has a fifty-two week low of $86.41 and a fifty-two week high of $116.31. The firm 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. The company’s 50-day moving average is $109.75 and its 200 day moving average is $106.82. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.00 and a quick ratio of 2.48.

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