Westfield Capital Management Co. LP Has $168.14 Million Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Westfield Capital Management Co. LP trimmed its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 0.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,507,843 shares of the industrial products company’s stock after selling 12,460 shares during the period. Casella Waste Systems comprises 0.8% of Westfield Capital Management Co. LP’s holdings, making the stock its 24th largest position. Westfield Capital Management Co. LP owned approximately 2.38% of Casella Waste Systems worth $168,140,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CWST. Covestor Ltd raised its holdings in shares of Casella Waste Systems by 124.4% in the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 153 shares during the period. Quarry LP bought a new stake in shares of Casella Waste Systems in the 4th quarter valued at about $30,000. NBC Securities Inc. bought a new stake in shares of Casella Waste Systems in the 1st quarter valued at about $31,000. Opal Wealth Advisors LLC bought a new stake in shares of Casella Waste Systems in the 1st quarter valued at about $34,000. Finally, Huntington National Bank raised its holdings in shares of Casella Waste Systems by 171.6% in the 4th quarter. Huntington National Bank now owns 364 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 230 shares during the period. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CWST. Cowen reaffirmed a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 6th. TD Cowen began coverage on shares of Casella Waste Systems in a report on Wednesday, April 9th. They issued a “buy” rating and a $130.00 price target on the stock. William Blair reissued an “outperform” rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. UBS Group increased their price target on shares of Casella Waste Systems from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, April 11th. Finally, Raymond James Financial lowered their price target on shares of Casella Waste Systems from $135.00 to $129.00 and set a “strong-buy” rating on the stock in a report on Tuesday, July 22nd. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $123.83.

Insiders Place Their Bets

In other Casella Waste Systems news, President Edmond Coletta sold 5,562 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $119.18, for a total value of $662,879.16. Following the sale, the president owned 150,093 shares in the company, valued at $17,888,083.74. This trade represents a 3.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 3.81% of the stock is owned by corporate insiders.

Casella Waste Systems Stock Performance

Shares of Casella Waste Systems stock opened at $102.98 on Monday. Casella Waste Systems, Inc. has a fifty-two week low of $91.01 and a fifty-two week high of $121.24. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.96 and a quick ratio of 1.87. The firm has a market capitalization of $6.54 billion, a P/E ratio of 572.11, a P/E/G ratio of 4.04 and a beta of 0.83. The company’s 50 day moving average price is $113.55 and its two-hundred day moving average price is $112.48.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Thursday, July 31st. The industrial products company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.98%. The firm had revenue of $465.33 million for the quarter, compared to analyst estimates of $454.01 million. During the same quarter last year, the business posted $0.22 earnings per share. The company’s quarterly revenue was up 23.4% on a year-over-year basis. On average, equities analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal 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.