Asset Management One Co. Ltd. Decreases Stock Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Asset Management One Co. Ltd. decreased its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 2.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 151,290 shares of the industrial products company’s stock after selling 3,132 shares during the period. Asset Management One Co. Ltd.’s holdings in Casella Waste Systems were worth $16,021,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CWST. Sanctuary Advisors LLC purchased a new stake in Casella Waste Systems during the 2nd quarter worth approximately $331,000. Creative Planning lifted its stake in shares of Casella Waste Systems by 16.4% during the third quarter. Creative Planning now owns 18,071 shares of the industrial products company’s stock worth $1,798,000 after buying an additional 2,541 shares during the period. Raymond James & Associates grew its holdings in shares of Casella Waste Systems by 2.8% during the third quarter. Raymond James & Associates now owns 223,992 shares of the industrial products company’s stock valued at $22,285,000 after buying an additional 6,206 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Casella Waste Systems by 108.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 66,129 shares of the industrial products company’s stock valued at $6,579,000 after acquiring an additional 34,340 shares during the period. Finally, Amalgamated Bank raised its stake in Casella Waste Systems by 6.4% in the 3rd quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock worth $210,000 after acquiring an additional 126 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Stock Up 4.3 %

Casella Waste Systems stock opened at $111.36 on Friday. The business’s 50-day moving average price is $107.60 and its 200 day moving average price is $105.73. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of 928.00, a price-to-earnings-growth ratio of 3.89 and a beta of 1.04. Casella Waste Systems, Inc. has a 52 week low of $84.45 and a 52 week high of $114.88.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. As a group, sell-side analysts anticipate that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on CWST. Jefferies Financial Group downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and dropped their price target for the company from $115.00 to $113.00 in a research note on Thursday, January 23rd. William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a research report on Friday. Stifel Nicolaus raised their price target on shares of Casella Waste Systems from $117.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Casella Waste Systems has an average rating of “Moderate Buy” and a consensus target price of $113.80.

About Casella Waste Systems

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.