Summitry LLC Makes New Investment in Casella Waste Systems, Inc. (NASDAQ:CWST)

Summitry LLC acquired a new stake in Casella Waste Systems, Inc. (NASDAQ:CWST) in the 4th quarter, Holdings Channel reports. The firm acquired 2,210 shares of the industrial products company’s stock, valued at approximately $234,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Mather Group LLC. raised its holdings in Casella Waste Systems by 1,606.7% in 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 raised its holdings in shares of 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 in the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Casella Waste Systems during the 4th quarter worth $58,000. Harbor Investment Advisory LLC grew its stake in shares of 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 purchasing an additional 185 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in 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 during the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems Stock Up 1.7 %

Shares of NASDAQ CWST opened at $112.73 on Wednesday. The stock has a market cap of $7.14 billion, a PE ratio of 490.13, a price-to-earnings-growth ratio of 3.86 and a beta of 1.05. Casella Waste Systems, Inc. has a 52-week low of $86.41 and a 52-week high of $116.31. The business has a 50-day moving average price of $109.79 and a 200 day moving average price of $106.88. 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 (NASDAQ:CWST) last announced its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share (EPS) 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 research analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

CWST has been the subject of several analyst reports. Stifel Nicolaus upped their price objective on Casella Waste Systems from $127.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Finally, Jefferies Financial Group downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. Two investment 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $117.75.

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.