Russell Investments Group Ltd. Has $1.35 Million Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Russell Investments Group Ltd. decreased its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST – Get Rating) by 67.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,971 shares of the industrial products company’s stock after selling 34,416 shares during the quarter. Russell Investments Group Ltd.’s holdings in Casella Waste Systems were worth $1,346,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its stake in Casella Waste Systems by 2.3% during the third quarter. Royal Bank of Canada now owns 157,630 shares of the industrial products company’s stock worth $12,041,000 after acquiring an additional 3,487 shares in the last quarter. Zacks Investment Management acquired a new position in Casella Waste Systems during the third quarter worth about $642,000. Fisher Asset Management LLC raised its stake in Casella Waste Systems by 134.4% during the third quarter. Fisher Asset Management LLC now owns 20,259 shares of the industrial products company’s stock worth $1,548,000 after acquiring an additional 11,616 shares in the last quarter. Federated Hermes Inc. raised its stake in Casella Waste Systems by 156.3% during the third quarter. Federated Hermes Inc. now owns 39,677 shares of the industrial products company’s stock worth $3,031,000 after acquiring an additional 24,196 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in Casella Waste Systems by 4.5% during the third quarter. New York State Common Retirement Fund now owns 687,667 shares of the industrial products company’s stock worth $52,531,000 after acquiring an additional 29,683 shares in the last quarter. Institutional investors and hedge funds own 96.77% of the company’s stock.

Casella Waste Systems Price Performance

Casella Waste Systems stock opened at $93.06 on Thursday. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 92.14, a PEG ratio of 5.22 and a beta of 0.92. Casella Waste Systems, Inc. has a 52-week low of $63.90 and a 52-week high of $95.78. The stock’s 50 day moving average price is $86.62 and its two-hundred day moving average price is $82.56. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.20 and a current ratio of 1.29.

Casella Waste Systems (NASDAQ:CWST – Get Rating) last posted its quarterly earnings results on Friday, April 28th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $262.60 million for the quarter, compared to analysts’ expectations of $255.14 million. Casella Waste Systems had a return on equity of 11.61% and a net margin of 4.71%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 EPS. On average, equities analysts predict that Casella Waste Systems, Inc. will post 1.2 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on CWST shares. Bank of America upped their price objective on Casella Waste Systems from $79.00 to $89.00 in a research note on Monday, May 1st. StockNews.com started coverage on Casella Waste Systems in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Raymond James lowered their price objective on Casella Waste Systems from $92.00 to $90.00 and set a “strong-buy” rating for the company in a research note on Thursday, February 23rd. Finally, Stifel Nicolaus upped their price objective on Casella Waste Systems from $94.00 to $103.00 in a research note on Monday, May 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $94.40.

Casella Waste Systems Company Profile

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Casella Waste Systems, Inc engages in the provision of solid waste management. It operates through the Eastern Region and Western Region geographical segments. The Eastern region segment involves the transfer, landfill, processing, and recycling assets serviced by collection operations. The Western region segment consists of waste sheds in western New York, which include the Ithaca, Elmira, Oneonta, Lowville, Potsdam, Geneva, Auburn, Rochester, Dunkirk, Jamestown and Olean markets.