Casella Waste Systems, Inc. $CWST Shares Acquired by Impax Asset Management Group plc

Impax Asset Management Group plc increased its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 33.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,000 shares of the industrial products company’s stock after buying an additional 20,000 shares during the period. Impax Asset Management Group plc owned about 0.13% of Casella Waste Systems worth $7,590,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CWST. Caitong International Asset Management Co. Ltd grew its holdings in Casella Waste Systems by 325.5% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 217 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 166 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Casella Waste Systems in the second quarter valued at about $25,000. Smartleaf Asset Management LLC increased its holdings 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 buying an additional 191 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Casella Waste Systems by 301.6% during the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after buying an additional 184 shares in the last quarter. Finally, First Horizon Corp bought a new position in Casella Waste Systems during the 3rd quarter worth approximately $31,000. 99.51% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems Price Performance

CWST stock opened at $107.34 on Thursday. Casella Waste Systems, Inc. has a one year low of $82.22 and a one year high of $121.24. 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 firm has a market capitalization of $6.82 billion, a PE ratio of 447.27 and a beta of 0.79. The firm has a 50-day moving average of $101.55 and a two-hundred day moving average of $96.40.

Analysts Set New Price Targets

Several research firms recently weighed in on CWST. Weiss Ratings reiterated a “hold (c-)” rating on shares of Casella Waste Systems in a research note on Monday, December 29th. Jefferies Financial Group set a $120.00 price target on Casella Waste Systems and gave the stock a “buy” rating in a report on Tuesday, January 6th. The Goldman Sachs Group lowered their price objective on Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Raymond James Financial reiterated a “strong-buy” rating and issued a $120.00 target price on shares of Casella Waste Systems in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Casella Waste Systems in a research report on Thursday, December 11th. They set a “neutral” rating and a $112.00 price target for the company. 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.33.

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.