Oppenheimer Asset Management Inc. Grows Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Oppenheimer Asset Management Inc. increased its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 13.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,357 shares of the industrial products company’s stock after acquiring an additional 9,618 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.13% of Casella Waste Systems worth $8,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Mather Group LLC. boosted its stake 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 worth $27,000 after purchasing an additional 241 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Casella Waste Systems in the 4th quarter worth $58,000. Harbor Investment Advisory LLC raised its stake in shares of 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 worth $84,000 after purchasing an additional 185 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Casella Waste Systems by 69.1% during 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 in the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Casella Waste Systems during the fourth quarter valued at $201,000. 99.51% of the stock is owned by hedge funds and other institutional investors.

Casella Waste Systems Stock Performance

CWST opened at $107.92 on Friday. The company’s 50 day moving average is $108.49 and its 200 day moving average is $106.29. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 469.22, a PEG ratio of 3.86 and a beta of 1.04. Casella Waste Systems, Inc. has a 12-month low of $86.41 and a 12-month high of $116.31.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly 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%. On average, equities research analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on CWST shares. Deutsche Bank Aktiengesellschaft lowered 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 note on Friday, November 1st. 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 report on Tuesday, February 18th. Jefferies Financial Group downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating and cut their target price for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. Finally, William Blair reissued 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average 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.