Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV lowered its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 8.1% in the fourth quarter, Holdings Channel reports. The firm owned 6,070 shares of the industrial products company’s stock after selling 535 shares during the quarter. Forte Capital LLC ADV’s holdings in Casella Waste Systems were worth $642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of CWST. Creative Planning boosted its stake in Casella Waste Systems by 16.4% during the 3rd quarter. Creative Planning now owns 18,071 shares of the industrial products company’s stock worth $1,798,000 after purchasing an additional 2,541 shares during the period. Raymond James & Associates boosted its stake in Casella Waste Systems by 2.8% during the 3rd quarter. Raymond James & Associates now owns 223,992 shares of the industrial products company’s stock worth $22,285,000 after purchasing an additional 6,206 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Casella Waste Systems by 108.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 66,129 shares of the industrial products company’s stock worth $6,579,000 after purchasing an additional 34,340 shares during the period. Asset Management One Co. Ltd. boosted its stake in Casella Waste Systems by 4.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 154,422 shares of the industrial products company’s stock worth $15,303,000 after purchasing an additional 7,185 shares during the period. Finally, Amalgamated Bank boosted its stake in Casella Waste Systems by 6.4% during the 3rd quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock worth $210,000 after purchasing an additional 126 shares during the period. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Stock Performance

Shares of CWST opened at $113.99 on Friday. The company has a 50-day simple moving average of $108.18 and a 200-day simple moving average of $106.10. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $7.22 billion, a PE ratio of 495.61, a P/E/G ratio of 3.87 and a beta of 1.04. Casella Waste Systems, Inc. has a 52-week low of $86.41 and a 52-week high of $116.31.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. Equities research analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CWST has been the subject of a number of recent research reports. William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Jefferies Financial Group downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating and cut their price objective for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. Stifel Nicolaus upped their price objective on shares of Casella Waste Systems from $127.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft cut 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 report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $117.75.

Casella Waste Systems 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.