Universal Beteiligungs und Servicegesellschaft mbH Purchases 10,207 Shares of Casella Waste Systems, Inc. $CWST

Universal Beteiligungs und Servicegesellschaft mbH grew its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 14.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,417 shares of the industrial products company’s stock after buying an additional 10,207 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.13% of Casella Waste Systems worth $7,725,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC raised its holdings in shares of Casella Waste Systems by 57.7% in the first quarter. AQR Capital Management LLC now owns 9,283 shares of the industrial products company’s stock valued at $1,035,000 after acquiring an additional 3,395 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Casella Waste Systems by 1,601.9% during the 1st quarter. Jones Financial Companies Lllp now owns 5,412 shares of the industrial products company’s stock worth $603,000 after acquiring an additional 5,094 shares in the last quarter. Jane Street Group LLC increased its position in Casella Waste Systems by 3,226.1% during the 1st quarter. Jane Street Group LLC now owns 69,849 shares of the industrial products company’s stock valued at $7,789,000 after purchasing an additional 67,749 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Casella Waste Systems by 301.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 184 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Casella Waste Systems in the 2nd quarter valued at about $246,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Analyst Ratings Changes

CWST has been the topic of a number of recent research reports. The Goldman Sachs Group dropped their price objective on shares of Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Raymond James Financial reaffirmed a “strong-buy” rating and set a $120.00 target price on shares of Casella Waste Systems in a research report on Monday, November 3rd. Zacks Research upgraded Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Jefferies Financial Group set a $120.00 price target on Casella Waste Systems and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. began coverage on Casella Waste Systems in a research report on Thursday, December 11th. They set a “neutral” rating and a $112.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $114.33.

Casella Waste Systems Stock Performance

Shares of CWST stock opened at $105.81 on Monday. Casella Waste Systems, Inc. has a 12-month low of $82.22 and a 12-month high of $121.24. The business’s fifty day simple moving average is $99.05 and its 200-day simple moving average is $96.79. The company has a current ratio of 1.51, a quick ratio of 1.43 and a debt-to-equity ratio of 0.72. The company has a market cap of $6.72 billion, a PE ratio of 440.89 and a beta of 0.80.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, October 30th. The industrial products company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.09. Casella Waste Systems had a return on equity of 5.63% and a net margin of 0.85%.The firm had revenue of $485.35 million for the quarter, compared to the consensus estimate of $477.24 million. During the same period in the previous year, the business earned $0.27 EPS. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. Analysts expect 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 is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.