Global Retirement Partners LLC Purchases 832 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Global Retirement Partners LLC lifted its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 42.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,810 shares of the industrial products company’s stock after buying an additional 832 shares during the period. Global Retirement Partners LLC’s holdings in Casella Waste Systems were worth $297,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CWST. Harbor Capital Advisors Inc. grew its stake in Casella Waste Systems by 108.0% in the third quarter. Harbor Capital Advisors Inc. now owns 66,129 shares of the industrial products company’s stock valued at $6,579,000 after acquiring an additional 34,340 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Casella Waste Systems by 87.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 78,549 shares of the industrial products company’s stock worth $7,815,000 after purchasing an additional 36,573 shares in the last quarter. Geode Capital Management LLC lifted its stake in Casella Waste Systems by 8.3% in the third quarter. Geode Capital Management LLC now owns 1,430,958 shares of the industrial products company’s stock valued at $142,393,000 after buying an additional 109,288 shares in the last quarter. MQS Management LLC bought a new position in Casella Waste Systems in the third quarter valued at approximately $562,000. Finally, Loomis Sayles & Co. L P increased its position in shares of Casella Waste Systems by 21.8% during the third quarter. Loomis Sayles & Co. L P now owns 848,976 shares of the industrial products company’s stock worth $84,465,000 after acquiring an additional 151,744 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Trading Down 1.8 %

Casella Waste Systems stock opened at $111.98 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.00 and a quick ratio of 2.48. The firm has a 50-day moving average of $108.28 and a 200-day moving average of $106.21. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 486.87, a P/E/G ratio of 3.86 and a beta of 1.04. Casella Waste Systems, Inc. has a one year low of $86.41 and a one year high of $116.31.

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 the consensus estimate of $0.16 by $0.25. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. On average, equities analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Stifel Nicolaus boosted 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. Deutsche Bank Aktiengesellschaft reduced their price objective on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a research report on Friday, November 1st. William Blair reissued an “outperform” rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Finally, Jefferies Financial Group cut Casella Waste Systems from a “buy” rating to a “hold” rating and cut their target price for the company from $115.00 to $113.00 in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $117.75.

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.