Cibc World Markets Corp Purchases Shares of 5,843 Casella Waste Systems, Inc. (NASDAQ:CWST)

Cibc World Markets Corp purchased a new stake in Casella Waste Systems, Inc. (NASDAQ:CWST) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,843 shares of the industrial products company’s stock, valued at approximately $618,000.

A number of other institutional investors have also recently made changes to their positions in CWST. Zimmer Partners LP bought a new stake in shares of Casella Waste Systems in the 3rd quarter valued at about $50,854,000. Wellington Management Group LLP grew its position in shares of Casella Waste Systems by 50.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company’s stock valued at $144,704,000 after buying an additional 487,661 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Casella Waste Systems in the 4th quarter valued at about $31,326,000. Maven Securities LTD bought a new stake in shares of Casella Waste Systems in the 3rd quarter valued at about $19,898,000. Finally, Loomis Sayles & Co. L P grew its position in shares of Casella Waste Systems by 21.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 848,976 shares of the industrial products company’s stock valued at $84,465,000 after buying an additional 151,744 shares during the last quarter. Institutional investors own 99.51% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Stifel Nicolaus upped their target price on Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Jefferies Financial Group lowered Casella Waste Systems from a “buy” rating to a “hold” rating and cut their target price for the company from $115.00 to $113.00 in a research report on Thursday, January 23rd. Finally, William Blair restated an “outperform” rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $117.75.

Casella Waste Systems Stock Down 0.3 %

Shares of NASDAQ:CWST opened at $110.46 on Friday. The business’s 50 day simple moving average is $109.71 and its two-hundred day simple moving average is $106.76. The firm has a market cap of $7.00 billion, a P/E ratio of 480.26, a PEG ratio of 3.86 and a beta of 1.05. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00. 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, topping the consensus estimate of $0.16 by $0.25. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. As a group, research analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal 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.