Casella Waste Systems, Inc. $CWST Stock Position Decreased by Aberdeen Group plc

Aberdeen Group plc decreased its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 48.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,376 shares of the industrial products company’s stock after selling 98,745 shares during the quarter. Aberdeen Group plc owned approximately 0.16% of Casella Waste Systems worth $9,903,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CWST. Caitong International Asset Management Co. Ltd grew its stake in Casella Waste Systems by 325.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 217 shares of the industrial products company’s stock valued at $25,000 after buying an additional 166 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Casella Waste Systems by 180.2% in the third quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 191 shares during the period. Geneos Wealth Management Inc. grew its stake 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 during the period. First Horizon Corp bought a new position in shares of Casella Waste Systems during the third quarter valued at $31,000. Finally, AlphaQuest LLC bought a new position in Casella Waste Systems during the 2nd quarter valued at about $33,000. Institutional investors own 99.51% of the company’s stock.

Wall Street Analyst Weigh In

CWST has been the subject of a number of research reports. Zacks Research upgraded Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Casella Waste Systems in a research report on Monday, December 29th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $120.00 price target on shares of Casella Waste Systems in a research report on Monday, November 3rd. UBS Group upped their target price on shares of Casella Waste Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. began coverage on shares of Casella Waste Systems in a report on Thursday, December 11th. They issued a “neutral” rating and a $112.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.33.

Casella Waste Systems Trading Down 1.0%

Shares of NASDAQ:CWST opened at $101.28 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.51 and a quick ratio of 1.43. Casella Waste Systems, Inc. has a 1 year low of $82.22 and a 1 year high of $121.24. The company has a market capitalization of $6.43 billion, a P/E ratio of 422.02 and a beta of 0.79. The business’s 50 day simple moving average is $102.26 and its 200 day simple moving average is $96.27.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Thursday, February 19th. The industrial products company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. The company had revenue of $469.06 million during the quarter, compared to the consensus estimate of $471.32 million. Casella Waste Systems had a net margin of 0.85% and a return on equity of 5.63%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 EPS. On average, research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS 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.