IQ EQ FUND MANAGEMENT IRELAND Ltd Lowers Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 46.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,085 shares of the industrial products company’s stock after selling 11,314 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Casella Waste Systems were worth $1,385,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CWST. PNC Financial Services Group Inc. raised its stake in Casella Waste Systems by 7.8% in the third quarter. PNC Financial Services Group Inc. now owns 9,661 shares of the industrial products company’s stock valued at $961,000 after purchasing an additional 695 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Casella Waste Systems by 8.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 593,585 shares of the industrial products company’s stock valued at $59,056,000 after buying an additional 47,165 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Casella Waste Systems by 140.5% during the 3rd quarter. Citigroup Inc. now owns 55,950 shares of the industrial products company’s stock worth $5,566,000 after acquiring an additional 32,682 shares during the last quarter. Cerity Partners LLC grew its position in Casella Waste Systems by 18.9% in the third quarter. Cerity Partners LLC now owns 9,295 shares of the industrial products company’s stock worth $925,000 after acquiring an additional 1,478 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Casella Waste Systems by 2.9% in the third quarter. The Manufacturers Life Insurance Company now owns 35,321 shares of the industrial products company’s stock worth $3,514,000 after acquiring an additional 993 shares in the last quarter. Institutional investors own 99.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Stifel Nicolaus boosted their target price on Casella Waste Systems from $127.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group cut shares of Casella Waste Systems from a “buy” rating to a “hold” rating and reduced their price target for the company from $115.00 to $113.00 in a research report on Thursday, January 23rd. 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $117.75.

Casella Waste Systems Trading Up 0.0 %

NASDAQ CWST opened at $110.74 on Friday. The firm has a market cap of $7.02 billion, a PE ratio of 481.48, a price-to-earnings-growth ratio of 3.86 and a beta of 1.05. Casella Waste Systems, Inc. has a 1-year low of $86.41 and a 1-year high of $116.31. The stock has a 50-day moving average of $109.74 and a 200-day moving average of $106.93. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, beating 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, sell-side analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

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.