Casella Waste Systems, Inc. $CWST Stock Position Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 1.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 292,711 shares of the industrial products company’s stock after buying an additional 5,176 shares during the quarter. Envestnet Asset Management Inc. owned about 0.46% of Casella Waste Systems worth $27,772,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CWST. Atlantic Union Bankshares Corp acquired a new stake in Casella Waste Systems in the third quarter worth approximately $95,000. Jones Financial Companies Lllp raised its stake in shares of Casella Waste Systems by 77.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,570 shares of the industrial products company’s stock worth $141,000 after buying an additional 686 shares in the last quarter. State of Wyoming lifted its holdings in shares of Casella Waste Systems by 118.6% in the third quarter. State of Wyoming now owns 2,359 shares of the industrial products company’s stock valued at $224,000 after buying an additional 1,280 shares during the period. Principal Financial Group Inc. boosted its stake in Casella Waste Systems by 7.7% during the third quarter. Principal Financial Group Inc. now owns 4,817 shares of the industrial products company’s stock valued at $457,000 after buying an additional 343 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in Casella Waste Systems by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 105,685 shares of the industrial products company’s stock worth $10,028,000 after acquiring an additional 569 shares during the period. 99.51% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems Stock Performance

Shares of Casella Waste Systems stock opened at $102.52 on Friday. Casella Waste Systems, Inc. has a 12 month low of $82.22 and a 12 month high of $121.24. The company has a quick ratio of 1.43, a current ratio of 1.51 and a debt-to-equity ratio of 0.72. The stock has a market cap of $6.51 billion, a PE ratio of 427.18 and a beta of 0.79. The business has a fifty day simple moving average of $101.71 and a 200-day simple moving average of $96.45.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CWST shares. 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 objective for the company. Jefferies Financial Group set a $120.00 target price on shares of Casella Waste Systems and gave the stock a “buy” rating in a report on Tuesday, January 6th. The Goldman Sachs Group decreased their price target on shares of Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Barclays set a $95.00 price objective on Casella Waste Systems and gave the company an “equal weight” rating in a research report on Monday, November 3rd. Finally, UBS Group lifted their target price on Casella Waste Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $114.33.

Casella Waste Systems Company 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.