Dimensional Fund Advisors LP Boosts Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Dimensional Fund Advisors LP boosted its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 861,463 shares of the industrial products company’s stock after purchasing an additional 26,189 shares during the period. Dimensional Fund Advisors LP owned approximately 1.49% of Casella Waste Systems worth $85,476,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new position in shares of Casella Waste Systems in the first quarter valued at approximately $26,000. Opal Wealth Advisors LLC purchased a new position in Casella Waste Systems in the second quarter worth approximately $29,000. GAMMA Investing LLC lifted its stake in Casella Waste Systems by 76.4% in the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 139 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Casella Waste Systems during the 4th quarter worth approximately $28,000. Finally, Parallel Advisors LLC lifted its position in shares of Casella Waste Systems by 232.0% during the 4th quarter. Parallel Advisors LLC now owns 332 shares of the industrial products company’s stock worth $28,000 after buying an additional 232 shares during the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on CWST. Stifel Nicolaus reiterated a “buy” rating and issued a $117.00 price target (up previously from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Raymond James upped their price target on shares of Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 19th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $108.20.

Casella Waste Systems Stock Performance

Shares of CWST opened at $100.01 on Thursday. The business’s fifty day moving average price is $104.45 and its 200 day moving average price is $99.65. Casella Waste Systems, Inc. has a 12-month low of $72.97 and a 12-month high of $109.08. The stock has a market capitalization of $5.81 billion, a PE ratio of 322.61, a price-to-earnings-growth ratio of 7.89 and a beta of 0.99. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 1.51.

Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Thursday, August 1st. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). The company had revenue of $377.20 million during the quarter, compared to the consensus estimate of $373.87 million. Casella Waste Systems had a net margin of 1.35% and a return on equity of 3.83%. The business’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 earnings per share. Equities research analysts forecast that Casella Waste Systems, Inc. will post 0.62 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.