KLP Kapitalforvaltning AS Buys New Shares in Casella Waste Systems, Inc. (NASDAQ:CWST)

KLP Kapitalforvaltning AS bought a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,000 shares of the industrial products company’s stock, valued at approximately $1,693,000.

Other large investors also recently bought and sold shares of the company. Mather Group LLC. grew its position 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 worth $27,000 after buying an additional 241 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Casella Waste Systems by 156.5% during the 4th quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 194 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Casella Waste Systems in the 4th quarter valued at approximately $58,000. Harbor Investment Advisory LLC raised its holdings in shares of 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 purchasing an additional 185 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Casella Waste Systems by 16.4% during the 4th quarter. Signaturefd LLC now owns 802 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Price Performance

Shares of CWST opened at $110.70 on Friday. 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, Inc. has a 1-year low of $86.41 and a 1-year high of $116.31. The stock has a market cap of $7.01 billion, a PE ratio of 481.30, a price-to-earnings-growth ratio of 3.86 and a beta of 1.05. The firm has a fifty day moving average price of $109.73 and a 200 day moving average price of $106.97.

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, beating analysts’ consensus estimates of $0.16 by $0.25. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. As a group, sell-side analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Wall Street Analysts Forecast Growth

CWST has been the topic of several recent analyst reports. William Blair reissued an “outperform” rating on shares of Casella Waste Systems in a report on Friday, February 14th. Jefferies Financial Group downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and dropped their price objective for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. Finally, Stifel Nicolaus boosted their target price on Casella Waste Systems from $127.00 to $129.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.