Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. boosted its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 82.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 180,018 shares of the industrial products company’s stock after purchasing an additional 81,454 shares during the quarter. Bessemer Group Inc.’s holdings in Casella Waste Systems were worth $17,797,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Impax Asset Management Group plc purchased a new stake in Casella Waste Systems in the fourth quarter valued at $5,128,000. GW&K Investment Management LLC raised its position in Casella Waste Systems by 3.5% in the fourth quarter. GW&K Investment Management LLC now owns 288,842 shares of the industrial products company’s stock valued at $24,684,000 after purchasing an additional 9,828 shares during the period. WCM Investment Management LLC raised its position in Casella Waste Systems by 8.7% in the fourth quarter. WCM Investment Management LLC now owns 227,195 shares of the industrial products company’s stock valued at $19,543,000 after purchasing an additional 18,216 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Casella Waste Systems in the fourth quarter valued at $771,000. Finally, Global Alpha Capital Management Ltd. raised its position in Casella Waste Systems by 28.9% in the first quarter. Global Alpha Capital Management Ltd. now owns 270,300 shares of the industrial products company’s stock valued at $26,725,000 after purchasing an additional 60,600 shares during the period. Institutional investors and hedge funds own 99.51% of the company’s stock.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on Casella Waste Systems in a research report on Thursday, May 23rd. They issued a “hold” rating and a $106.00 target price on the stock. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Casella Waste Systems presently has an average rating of “Moderate Buy” and an average price target of $100.40.

Casella Waste Systems Trading Down 1.7 %

Shares of CWST stock traded down $1.79 on Thursday, hitting $103.68. The stock had a trading volume of 42,745 shares, compared to its average volume of 287,411. The company’s 50 day moving average price is $99.81 and its 200-day moving average price is $94.59. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.58 and a quick ratio of 1.50. Casella Waste Systems, Inc. has a 1 year low of $72.97 and a 1 year high of $108.59. The firm has a market capitalization of $6.01 billion, a P/E ratio of 340.23, a P/E/G ratio of 6.69 and a beta of 0.98.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Friday, April 26th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The business had revenue of $341.00 million during the quarter, compared to analysts’ expectations of $340.70 million. Casella Waste Systems had a return on equity of 4.47% and a net margin of 1.32%. The business’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 EPS. Analysts anticipate that Casella Waste Systems, Inc. will post 0.79 earnings per share for the current year.

Casella Waste Systems Company Profile

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.