Van ECK Associates Corp Boosts Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Van ECK Associates Corp raised its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWSTFree Report) by 12.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,321 shares of the industrial products company’s stock after buying an additional 4,132 shares during the period. Van ECK Associates Corp owned about 0.07% of Casella Waste Systems worth $3,789,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Impax Asset Management Group plc purchased a new position in Casella Waste Systems during the 4th quarter valued at $5,128,000. GW&K Investment Management LLC grew its holdings in shares of Casella Waste Systems by 3.5% in 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. WCM Investment Management LLC increased its stake in Casella Waste Systems by 8.7% in the 4th quarter. WCM Investment Management LLC now owns 227,195 shares of the industrial products company’s stock worth $19,543,000 after buying an additional 18,216 shares during the period. TimesSquare Capital Management LLC lifted its holdings in Casella Waste Systems by 18.5% during the 3rd quarter. TimesSquare Capital Management LLC now owns 946,497 shares of the industrial products company’s stock valued at $72,218,000 after buying an additional 147,805 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Casella Waste Systems in the 4th quarter valued at about $771,000. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Price Performance

Shares of CWST opened at $97.93 on Friday. The company has a 50 day moving average of $97.22 and a two-hundred day moving average of $92.77. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.96. Casella Waste Systems, Inc. has a twelve month low of $72.97 and a twelve month high of $101.99. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 315.90, a price-to-earnings-growth ratio of 6.20 and a beta of 0.98.

Casella Waste Systems (NASDAQ:CWSTGet Free Report) last posted its quarterly earnings data on Friday, April 26th. The industrial products company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Casella Waste Systems had a return on equity of 4.47% and a net margin of 1.32%. The firm had revenue of $341.00 million during the quarter, compared to analysts’ expectations of $340.70 million. During the same quarter last year, the firm earned $0.10 EPS. The business’s quarterly revenue was up 29.9% on a year-over-year basis. As a group, analysts predict that Casella Waste Systems, Inc. will post 0.79 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of Casella Waste Systems in a report on Thursday, May 23rd. They issued a “hold” rating and a $106.00 price target for the company. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $100.40.

View Our Latest Stock Report on Casella Waste Systems

About Casella Waste Systems

(Free Report)

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.

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Institutional Ownership by Quarter for Casella Waste Systems (NASDAQ:CWST)

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