TimesSquare Capital Management LLC Grows Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

TimesSquare Capital Management LLC raised its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 13.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 647,002 shares of the industrial products company’s stock after buying an additional 76,385 shares during the period. TimesSquare Capital Management LLC’s holdings in Casella Waste Systems were worth $68,459,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CWST. Mather Group LLC. increased 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 buying an additional 241 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in Casella Waste Systems in the fourth quarter valued at $58,000. Harbor Investment Advisory LLC increased its holdings in Casella Waste Systems by 30.2% in the fourth quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company’s stock valued at $84,000 after buying an additional 185 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Casella Waste Systems by 69.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the industrial products company’s stock valued at $158,000 after purchasing an additional 611 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of Casella Waste Systems in the fourth quarter valued at about $201,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Stock Performance

CWST opened at $115.01 on Wednesday. The firm has a market capitalization of $7.28 billion, a PE ratio of 958.42, a PEG ratio of 3.89 and a beta of 1.04. Casella Waste Systems, Inc. has a twelve month low of $86.41 and a twelve month high of $115.12. The firm’s 50-day moving average price is $107.76 and its 200 day moving average price is $105.88. The company has a current ratio of 2.55, a quick ratio of 2.48 and a debt-to-equity ratio of 0.68.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. As a group, sell-side analysts expect that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CWST shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Jefferies Financial Group lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating and dropped their target price for the company from $115.00 to $113.00 in a research report on Thursday, January 23rd. Finally, Stifel Nicolaus lifted their target price on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.20.

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.