AMI Asset Management Corp Has $1.53 Million Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

AMI Asset Management Corp lowered its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 5.6% during the 3rd quarter, Holdings Channel reports. The fund owned 15,374 shares of the industrial products company’s stock after selling 919 shares during the period. AMI Asset Management Corp’s holdings in Casella Waste Systems were worth $1,530,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in Casella Waste Systems by 10.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 40,209 shares of the industrial products company’s stock valued at $3,975,000 after purchasing an additional 3,801 shares during the period. Principal Financial Group Inc. increased its position in shares of Casella Waste Systems by 16.3% during the first quarter. Principal Financial Group Inc. now owns 7,595 shares of the industrial products company’s stock worth $751,000 after acquiring an additional 1,062 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Casella Waste Systems by 12.1% in the 1st quarter. Van ECK Associates Corp now owns 38,321 shares of the industrial products company’s stock worth $3,789,000 after acquiring an additional 4,132 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Casella Waste Systems by 4.8% in the 1st quarter. BNP Paribas Financial Markets now owns 50,145 shares of the industrial products company’s stock valued at $4,958,000 after acquiring an additional 2,296 shares in the last quarter. Finally, Hardy Reed LLC boosted its stake in Casella Waste Systems by 9.9% during the 1st quarter. Hardy Reed LLC now owns 2,930 shares of the industrial products company’s stock valued at $290,000 after purchasing an additional 265 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Stock Performance

Shares of CWST opened at $102.41 on Wednesday. The stock has a 50 day moving average of $103.00 and a 200 day moving average of $100.49. The company has a current ratio of 1.58, a quick ratio of 1.51 and a debt-to-equity ratio of 0.94. Casella Waste Systems, Inc. has a 12 month low of $73.81 and a 12 month high of $109.08. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 310.33, a PEG ratio of 7.90 and a beta of 0.99.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Thursday, August 1st. The industrial products company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). The business had revenue of $377.20 million for the quarter, compared to the consensus estimate of $373.87 million. Casella Waste Systems had a return on equity of 3.83% and a net margin of 1.35%. The company’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 earnings per share. As a group, sell-side analysts forecast that Casella Waste Systems, Inc. will post 0.62 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CWST. Stifel Nicolaus restated a “buy” rating and issued a $117.00 target price (up previously from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Raymond James lifted their price objective on shares of Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 19th. Finally, William Blair began coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. Two 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $111.25.

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.