Charles Schwab Investment Management Inc. Sells 6,782 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Charles Schwab Investment Management Inc. lessened its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 601,172 shares of the industrial products company’s stock after selling 6,782 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.95% of Casella Waste Systems worth $67,037,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CWST. Wells Fargo & Company MN lifted its position in shares of 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 purchasing an additional 10,758 shares in the last quarter. Bank of Montreal Can lifted 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 worth $550,000 after purchasing an additional 2,172 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Casella Waste Systems in the fourth quarter worth $31,326,000. Summit Investment Advisors Inc. lifted its position in shares of Casella Waste Systems by 2.1% in the fourth 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 lifted its position in shares of Casella Waste Systems by 104.5% in the fourth 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.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CWST shares. Cowen restated a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 6th. William Blair restated an “outperform” rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. Finally, Raymond James Financial set a $125.00 target price on shares of Casella Waste Systems and gave the stock a “strong-buy” rating in a report on Monday, August 4th. Two 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.17.

Casella Waste Systems Price Performance

NASDAQ:CWST opened at $98.61 on Friday. Casella Waste Systems, Inc. has a one year low of $97.05 and a one year high of $121.24. The company has a market cap 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 firm’s fifty day moving average price is $110.54 and its two-hundred day moving average price is $111.88. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.70 and a quick ratio of 1.61.

Casella Waste Systems (NASDAQ:CWST) last released 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. 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 the consensus estimate of $454.01 million. During the same period in the previous year, the company earned $0.22 earnings per share. The company’s quarterly revenue was up 23.4% on a year-over-year basis. Equities analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share 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.