Vanguard Group Inc. Sells 65,199 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Vanguard Group Inc. decreased its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,045,330 shares of the industrial products company’s stock after selling 65,199 shares during the period. Vanguard Group Inc. owned 9.54% of Casella Waste Systems worth $674,115,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in CWST. Wells Fargo & Company MN raised its position in Casella Waste Systems by 12.0% in the fourth quarter. Wells Fargo & Company MN now owns 100,764 shares of the industrial products company’s stock worth $10,662,000 after acquiring an additional 10,758 shares during the period. Bank of Montreal Can raised its position in shares of Casella Waste Systems by 71.7% in the fourth quarter. Bank of Montreal Can now owns 5,200 shares of the industrial products company’s stock valued at $550,000 after purchasing an additional 2,172 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Casella Waste Systems in the fourth quarter valued at approximately $31,326,000. Covestor Ltd raised its position in shares of Casella Waste Systems by 124.4% in the fourth 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. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Casella Waste Systems in the fourth quarter valued at approximately $12,749,000. Institutional investors own 99.51% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Cowen reissued a “buy” rating on shares of Casella Waste Systems in a research report on Friday, June 6th. William Blair reissued an “outperform” rating on shares of Casella Waste Systems in a research report on Tuesday, July 15th. Finally, Raymond James Financial set a $125.00 price target on shares of Casella Waste Systems and gave the company a “strong-buy” rating in a research report on Monday, August 4th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.17.

Casella Waste Systems Price Performance

Shares of NASDAQ:CWST opened at $99.51 on Thursday. The company has a 50 day moving average of $110.87 and a 200 day moving average of $111.94. The stock has a market cap of $6.32 billion, a P/E ratio of 552.83, a P/E/G ratio of 4.09 and a beta of 0.83. Casella Waste Systems, Inc. has a 12 month low of $97.05 and a 12 month high of $121.24. The company has a current ratio of 1.70, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.31 by $0.05. The company had revenue of $465.33 million during the quarter, compared to analysts’ expectations of $454.01 million. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.97%. Casella Waste Systems’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.22 earnings per share. As a group, sell-side analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Casella Waste Systems Company 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.