Natixis Advisors LLC Has $4.77 Million Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Natixis Advisors LLC cut its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 1.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,043 shares of the industrial products company’s stock after selling 584 shares during the quarter. Natixis Advisors LLC’s holdings in Casella Waste Systems were worth $4,767,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. GW&K Investment Management LLC lifted its stake in Casella Waste Systems by 3.5% during the fourth quarter. GW&K Investment Management LLC now owns 288,842 shares of the industrial products company’s stock worth $24,684,000 after purchasing an additional 9,828 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Casella Waste Systems in the fourth quarter valued at about $771,000. Global Alpha Capital Management Ltd. grew its position in Casella Waste Systems by 28.9% in the first quarter. Global Alpha Capital Management Ltd. now owns 270,300 shares of the industrial products company’s stock valued at $26,725,000 after acquiring an additional 60,600 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in Casella Waste Systems during the fourth quarter worth about $8,973,000. Finally, Williams Financial LLC bought a new position in shares of Casella Waste Systems in the second quarter worth about $2,427,000. Institutional investors own 99.51% of the company’s stock.

Analysts Set New Price Targets

CWST has been the topic of several research reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $117.00 price target (up from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Casella Waste Systems in a research note on Thursday, May 23rd. They set a “hold” rating and a $106.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.80.

Casella Waste Systems Stock Down 1.1 %

Shares of NASDAQ CWST opened at $103.55 on Friday. Casella Waste Systems, Inc. has a 1 year low of $72.97 and a 1 year high of $108.62. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 1.51. The firm has a market cap of $6.01 billion, a PE ratio of 334.03, a price-to-earnings-growth ratio of 9.36 and a beta of 0.99. The company has a 50 day simple moving average of $103.75 and a 200 day simple moving average of $98.58.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.06). Casella Waste Systems had a net margin of 1.35% and a return on equity of 3.83%. The business had revenue of $377.20 million for the quarter, compared to the consensus estimate of $373.87 million. During the same period in the previous year, the business posted $0.36 EPS. Casella Waste Systems’s revenue was up 30.2% on a year-over-year basis. On average, research analysts forecast that Casella Waste Systems, Inc. will post 0.57 EPS for the current year.

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.