Asset Management One Co. Ltd. Reduces Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Asset Management One Co. Ltd. trimmed its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 151,290 shares of the industrial products company’s stock after selling 3,132 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.24% of Casella Waste Systems worth $16,021,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Harbor Capital Advisors Inc. grew its position in Casella Waste Systems by 108.0% in the 3rd 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 last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Casella Waste Systems by 87.1% in 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 buying an additional 36,573 shares during the period. Geode Capital Management LLC lifted its holdings in Casella Waste Systems by 8.3% during the 3rd 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 purchased a new stake in Casella Waste Systems in the 3rd quarter valued at about $562,000. Finally, Loomis Sayles & Co. L P grew its stake in Casella Waste Systems by 21.8% in the 3rd 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. 99.51% of the stock is owned by institutional investors.

Casella Waste Systems Trading Up 4.3 %

CWST opened at $111.36 on Friday. Casella Waste Systems, Inc. has a 12 month low of $84.45 and a 12 month high of $114.88. The stock has a fifty day moving average price of $107.60 and a 200-day moving average price of $105.73. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of 928.00, a PEG ratio of 3.89 and a beta of 1.04. The company has a current ratio of 2.55, a quick ratio of 2.48 and a debt-to-equity ratio of 0.68.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. As a group, equities research analysts anticipate that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. William Blair reaffirmed an “outperform” rating on shares of Casella Waste Systems in a research note on Friday. Jefferies Financial Group lowered Casella Waste Systems from a “buy” rating to a “hold” rating and decreased their target price for the company from $115.00 to $113.00 in a research report on Thursday, January 23rd. Stifel Nicolaus raised their price target on Casella Waste Systems from $117.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a report on Friday, November 1st. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $113.80.

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.