Loomis Sayles & Co. L P Acquires 22,368 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Loomis Sayles & Co. L P grew its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 871,344 shares of the industrial products company’s stock after acquiring an additional 22,368 shares during the quarter. Loomis Sayles & Co. L P owned 1.38% of Casella Waste Systems worth $92,197,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

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

Casella Waste Systems Stock Performance

Shares of NASDAQ:CWST opened at $110.69 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.00 and a quick ratio of 2.48. The business’s fifty day moving average price is $109.77 and its two-hundred day moving average price is $106.91. Casella Waste Systems, Inc. has a fifty-two week low of $86.41 and a fifty-two week high of $116.31. The stock has a market capitalization of $7.01 billion, a price-to-earnings ratio of 481.26, a price-to-earnings-growth ratio of 3.86 and a beta of 1.05.

Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share 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%. As a group, analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Casella Waste Systems 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.