Wealth Enhancement Advisory Services LLC Has $3.98 Million Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Wealth Enhancement Advisory Services LLC increased its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 10.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,209 shares of the industrial products company’s stock after acquiring an additional 3,801 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.07% of Casella Waste Systems worth $3,975,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CWST. Allworth Financial LP increased its stake in Casella Waste Systems by 9.9% during the 4th quarter. Allworth Financial LP now owns 1,663 shares of the industrial products company’s stock valued at $142,000 after purchasing an additional 150 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Casella Waste Systems by 1.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 10,013 shares of the industrial products company’s stock worth $856,000 after acquiring an additional 160 shares in the last quarter. Harbor Investment Advisory LLC raised its holdings in shares of Casella Waste Systems by 38.1% in the 1st quarter. Harbor Investment Advisory LLC now owns 613 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 169 shares during the last quarter. Parallel Advisors LLC lifted its position in Casella Waste Systems by 232.0% in the 4th quarter. Parallel Advisors LLC now owns 332 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 232 shares in the last quarter. Finally, Searle & CO. boosted its stake in Casella Waste Systems by 2.5% during the 4th quarter. Searle & CO. now owns 12,500 shares of the industrial products company’s stock valued at $1,068,000 after purchasing an additional 300 shares during the last quarter. 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 report on Thursday, May 23rd. They set a “hold” rating and a $106.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $100.40.

Casella Waste Systems Stock Up 0.3 %

Casella Waste Systems stock opened at $96.86 on Wednesday. The firm has a 50 day moving average price of $96.93 and a 200-day moving average price of $92.62. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.96. Casella Waste Systems, Inc. has a twelve month low of $72.97 and a twelve month high of $101.99. The company has a market capitalization of $5.62 billion, a P/E ratio of 312.45, a P/E/G ratio of 6.27 and a beta of 0.98.

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

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.