Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Acquired by Huntington National Bank

Huntington National Bank increased its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 171.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 364 shares of the industrial products company’s stock after purchasing an additional 230 shares during the period. Huntington National Bank’s holdings in Casella Waste Systems were worth $39,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CWST. FMR LLC raised its holdings in shares of Casella Waste Systems by 37.4% during the third quarter. FMR LLC now owns 6,846 shares of the industrial products company’s stock valued at $681,000 after acquiring an additional 1,863 shares during the last quarter. Captrust Financial Advisors raised its stake in Casella Waste Systems by 3.2% in the 3rd quarter. Captrust Financial Advisors now owns 12,111 shares of the industrial products company’s stock valued at $1,205,000 after purchasing an additional 377 shares during the last quarter. Verition Fund Management LLC purchased a new position in Casella Waste Systems in the 3rd quarter valued at $378,000. HighTower Advisors LLC boosted its stake in Casella Waste Systems by 20.2% during the 3rd quarter. HighTower Advisors LLC now owns 4,581 shares of the industrial products company’s stock worth $453,000 after purchasing an additional 769 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Casella Waste Systems by 92.4% in the third quarter. Janus Henderson Group PLC now owns 52,053 shares of the industrial products company’s stock valued at $5,176,000 after buying an additional 25,000 shares during the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.

Casella Waste Systems Price Performance

CWST stock opened at $104.03 on Tuesday. Casella Waste Systems, Inc. has a 52-week low of $86.41 and a 52-week 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 market cap of $6.59 billion, a price-to-earnings ratio of 452.30, a price-to-earnings-growth ratio of 3.86 and a beta of 0.96. The business has a fifty day moving average of $110.09 and a two-hundred day moving average of $107.24.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating 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, research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on CWST. Stifel Nicolaus upped 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. Jefferies Financial Group cut Casella Waste Systems from a “buy” rating to a “hold” rating and cut their price target for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. Finally, William Blair restated an “outperform” rating on shares of Casella Waste Systems in a report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock 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.