Cetera Investment Advisers Purchases 2,035 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Cetera Investment Advisers increased its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 48.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,216 shares of the industrial products company’s stock after purchasing an additional 2,035 shares during the period. Cetera Investment Advisers’ holdings in Casella Waste Systems were worth $693,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CWST. Wells Fargo & Company MN boosted its stake in Casella Waste Systems by 12.0% in the 4th quarter. Wells Fargo & Company MN now owns 100,764 shares of the industrial products company’s stock worth $10,662,000 after purchasing an additional 10,758 shares in the last quarter. Bank of Montreal Can boosted its stake in Casella Waste Systems by 71.7% in the 4th quarter. Bank of Montreal Can now owns 5,200 shares of the industrial products company’s stock worth $550,000 after purchasing an additional 2,172 shares in the last quarter. Raymond James Financial Inc. bought a new position in Casella Waste Systems in the 4th quarter worth about $31,326,000. Summit Investment Advisors Inc. boosted its stake in Casella Waste Systems by 2.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,388 shares of the industrial products company’s stock worth $676,000 after purchasing an additional 134 shares in the last quarter. Finally, Barclays PLC boosted its stake in Casella Waste Systems by 104.5% in the 4th quarter. Barclays PLC now owns 269,685 shares of the industrial products company’s stock worth $28,535,000 after purchasing an additional 137,779 shares in the last quarter. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Price Performance

CWST opened at $98.61 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 1.70. The stock has a market capitalization of $6.26 billion, a P/E ratio of 547.83, a P/E/G ratio of 4.09 and a beta of 0.83. The company’s 50-day simple moving average is $110.54 and its two-hundred day simple moving average is $111.88. Casella Waste Systems, Inc. has a 52-week low of $97.05 and a 52-week high of $121.24.

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

Analyst Upgrades and Downgrades

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

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.