Wasatch Advisors LP Makes New Investment in Casella Waste Systems, Inc. (NASDAQ:CWST)

Wasatch Advisors LP bought a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 923,602 shares of the industrial products company’s stock, valued at approximately $91,317,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its position in Casella Waste Systems by 9.9% during the fourth quarter. Allworth Financial LP now owns 1,663 shares of the industrial products company’s stock worth $142,000 after purchasing an additional 150 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in Casella Waste Systems by 1.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 10,013 shares of the industrial products company’s stock worth $856,000 after purchasing an additional 160 shares during the period. Harbor Investment Advisory LLC boosted its position in shares of Casella Waste Systems by 38.1% in the first quarter. Harbor Investment Advisory LLC now owns 613 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 169 shares during the period. Parallel Advisors LLC boosted its position in shares of Casella Waste Systems by 232.0% in the fourth quarter. Parallel Advisors LLC now owns 332 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 232 shares during the period. Finally, Searle & CO. boosted its position in shares of Casella Waste Systems by 2.5% in the fourth quarter. Searle & CO. now owns 12,500 shares of the industrial products company’s stock valued at $1,068,000 after acquiring an additional 300 shares during the period. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Stock Performance

Shares of NASDAQ CWST traded up $0.27 during trading hours on Tuesday, reaching $96.86. The stock had a trading volume of 224,069 shares, compared to its average volume of 282,281. The business’s fifty day moving average is $96.93 and its two-hundred day moving average is $92.62. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.58 and a quick ratio of 1.50. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 312.45, a PEG ratio of 6.27 and a beta of 0.98. Casella Waste Systems, Inc. has a twelve month low of $72.97 and a twelve month high of $101.99.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Friday, April 26th. The industrial products company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $341.00 million during the quarter, compared to analyst estimates of $340.70 million. Casella Waste Systems had a return on equity of 4.47% and a net margin of 1.32%. Casella Waste Systems’s revenue was up 29.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. As a group, research analysts expect that Casella Waste Systems, Inc. will post 0.79 EPS for the current year.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on Casella Waste Systems in a research report on Thursday, May 23rd. They issued a “hold” rating and a $106.00 price objective for the company. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $100.40.

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.