Bank of Montreal Can Buys 2,172 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Bank of Montreal Can grew its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 71.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,200 shares of the industrial products company’s stock after acquiring an additional 2,172 shares during the quarter. Bank of Montreal Can’s holdings in Casella Waste Systems were worth $550,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Mather Group LLC. raised its stake in Casella Waste Systems by 1,606.7% during the 4th quarter. Mather Group LLC. now owns 256 shares of the industrial products company’s stock worth $27,000 after buying an additional 241 shares during the period. Jones Financial Companies Lllp increased its stake in Casella Waste Systems by 156.5% during the 4th quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 194 shares in the last quarter. Huntington National Bank raised its holdings in Casella Waste Systems by 171.6% during the 4th quarter. Huntington National Bank now owns 364 shares of the industrial products company’s stock worth $39,000 after buying an additional 230 shares during the period. Eagle Bay Advisors LLC bought a new position in Casella Waste Systems in the fourth quarter valued at approximately $58,000. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of Casella Waste Systems by 30.2% in the fourth quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company’s stock valued at $84,000 after buying an additional 185 shares during the period. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. TD Cowen started coverage on shares of Casella Waste Systems in a research report on Wednesday, April 9th. They issued a “buy” rating and a $130.00 price objective on the stock. Raymond James reiterated a “strong-buy” rating on shares of Casella Waste Systems in a report on Wednesday, April 16th. Stifel Nicolaus boosted their target price on Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. UBS Group boosted their price objective on shares of Casella Waste Systems from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. Finally, William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $122.67.

Insider Activity

In other news, SVP Paul Ligon sold 2,000 shares of Casella Waste Systems stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $118.67, for a total value of $237,340.00. Following the transaction, the senior vice president now owns 20,347 shares in the company, valued at approximately $2,414,578.49. This trade represents a 8.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.24% of the company’s stock.

Casella Waste Systems Price Performance

Shares of NASDAQ CWST opened at $114.68 on Tuesday. The business’s 50 day moving average is $111.46 and its 200-day moving average is $108.40. The firm has a market cap of $7.27 billion, a P/E ratio of 498.61, a price-to-earnings-growth ratio of 3.86 and a beta of 0.96. Casella Waste Systems, Inc. has a 1-year low of $86.41 and a 1-year high of $120.69. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. Equities research analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

About Casella Waste Systems

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.