Bryce Point Capital LLC Makes New $657,000 Investment in Casella Waste Systems, Inc. $CWST

Bryce Point Capital LLC bought a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,922 shares of the industrial products company’s stock, valued at approximately $657,000. Casella Waste Systems comprises approximately 0.8% of Bryce Point Capital LLC’s portfolio, making the stock its 15th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CWST. Campbell & CO Investment Adviser LLC bought a new stake in shares of Casella Waste Systems in the 3rd quarter worth about $2,707,000. UniSuper Management Pty Ltd increased its holdings in Casella Waste Systems by 40.9% in the third quarter. UniSuper Management Pty Ltd now owns 102,003 shares of the industrial products company’s stock valued at $9,678,000 after buying an additional 29,605 shares during the last quarter. Voya Investment Management LLC raised its stake in Casella Waste Systems by 72.1% during the third quarter. Voya Investment Management LLC now owns 536,376 shares of the industrial products company’s stock valued at $50,891,000 after buying an additional 224,691 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Casella Waste Systems during the 3rd quarter worth approximately $5,519,000. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Casella Waste Systems by 8.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,835 shares of the industrial products company’s stock valued at $442,000 after acquiring an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Stock Down 0.9%

CWST opened at $103.67 on Tuesday. Casella Waste Systems, Inc. has a 12 month low of $82.22 and a 12 month high of $121.24. The stock has a market cap of $6.58 billion, a P/E ratio of 431.98 and a beta of 0.79. The stock’s 50 day moving average price is $101.14 and its 200 day moving average price is $96.36. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.51 and a quick ratio of 1.43.

Analyst Ratings Changes

A number of analysts have weighed in on CWST shares. Barclays set a $95.00 target price on shares of Casella Waste Systems and gave the stock an “equal weight” rating in a report on Monday, November 3rd. Raymond James Financial reissued a “strong-buy” rating and issued a $120.00 target price on shares of Casella Waste Systems in a report on Monday, November 3rd. Jefferies Financial Group set a $120.00 target price on Casella Waste Systems and gave the company a “buy” rating in a report on Tuesday, January 6th. Zacks Research upgraded Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Casella Waste Systems in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $114.33.

Casella Waste Systems Profile

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.