Summit Investment Advisors Inc. Increases Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Summit Investment Advisors Inc. boosted its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,388 shares of the industrial products company’s stock after buying an additional 134 shares during the period. Summit Investment Advisors Inc.’s holdings in Casella Waste Systems were worth $676,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mather Group LLC. grew 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 purchasing an additional 241 shares during the period. Covestor Ltd raised its position in shares of Casella Waste Systems by 124.4% in the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company’s stock worth $29,000 after buying an additional 153 shares during the period. Jones Financial Companies Lllp boosted its holdings in 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 acquiring an additional 194 shares during the last quarter. Huntington National Bank grew its position in Casella Waste Systems by 171.6% during the fourth quarter. Huntington National Bank now owns 364 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 230 shares during the period. Finally, Eagle Bay Advisors LLC acquired a new stake in Casella Waste Systems during the fourth quarter worth about $58,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Insider Buying and Selling at Casella Waste Systems

In other Casella Waste Systems news, SVP Paul Ligon sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $118.67, for a total transaction of $237,340.00. Following the sale, the senior vice president now owns 20,347 shares in the company, valued at $2,414,578.49. This represents a 8.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 4.24% of the stock is currently owned by insiders.

Casella Waste Systems Stock Up 0.3 %

Shares of NASDAQ CWST opened at $118.30 on Friday. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 514.35, a PEG ratio of 3.86 and a beta of 0.96. Casella Waste Systems, Inc. has a 1 year low of $86.41 and a 1 year high of $120.69. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00. The stock’s 50-day simple moving average is $111.30 and its 200-day simple moving average is $108.16.

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, equities analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CWST shares. UBS Group boosted their target price on Casella Waste Systems from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, April 11th. Raymond James restated a “strong-buy” rating on shares of Casella Waste Systems in a report on Wednesday. Stifel Nicolaus raised their price objective on Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. TD Cowen assumed coverage on Casella Waste Systems in a research report on Wednesday, April 9th. They issued a “buy” rating and a $130.00 target price for the company. Finally, Jefferies Financial Group lowered Casella Waste Systems from a “buy” rating to a “hold” rating and reduced their price target for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $122.67.

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.