Bessemer Group Inc. Trims Stake in Casella Waste Systems, Inc. $CWST

Bessemer Group Inc. cut its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 99.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,856 shares of the industrial products company’s stock after selling 267,653 shares during the period. Bessemer Group Inc.’s holdings in Casella Waste Systems were worth $176,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in shares of Casella Waste Systems by 1.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 292,711 shares of the industrial products company’s stock worth $27,772,000 after acquiring an additional 5,176 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Casella Waste Systems in the third quarter worth $95,000. Jones Financial Companies Lllp grew its stake in Casella Waste Systems by 77.6% in the third quarter. Jones Financial Companies Lllp now owns 1,570 shares of the industrial products company’s stock worth $141,000 after purchasing an additional 686 shares during the period. State of Wyoming raised its holdings in 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 worth $224,000 after purchasing an additional 1,280 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position 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 during the period. 99.51% of the stock is owned by institutional investors.

Casella Waste Systems Stock Performance

Casella Waste Systems stock opened at $102.52 on Friday. Casella Waste Systems, Inc. has a 1-year low of $82.22 and a 1-year high of $121.24. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.51 and a quick ratio of 1.43. The firm has a market capitalization of $6.51 billion, a P/E ratio of 427.18 and a beta of 0.79. The company’s 50-day moving average is $101.71 and its 200 day moving average is $96.45.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CWST. JPMorgan Chase & Co. started coverage on shares of Casella Waste Systems in a research note on Thursday, December 11th. They issued a “neutral” rating and a $112.00 price target for the company. The Goldman Sachs Group decreased their target price on shares of 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Casella Waste Systems in a research report on Monday, December 29th. Zacks Research raised Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Finally, UBS Group increased their price objective on shares of Casella Waste Systems from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Casella Waste Systems has a consensus rating of “Moderate Buy” and a consensus target price 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.