Vanguard Personalized Indexing Management LLC Buys 311 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Vanguard Personalized Indexing Management LLC boosted its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 12.8% during the second quarter, Holdings Channel reports. The firm owned 2,743 shares of the industrial products company’s stock after purchasing an additional 311 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Casella Waste Systems were worth $272,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. bought a new position in Casella Waste Systems during the first quarter valued at approximately $26,000. Opal Wealth Advisors LLC bought a new position in Casella Waste Systems during the second quarter valued at approximately $29,000. GAMMA Investing LLC raised its position in Casella Waste Systems by 76.4% in the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 139 shares during the period. Parallel Advisors LLC raised its position in Casella Waste Systems by 232.0% in the fourth quarter. Parallel Advisors LLC now owns 332 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 232 shares during the period. Finally, Whittier Trust Co. bought a new position in Casella Waste Systems in the first quarter worth approximately $41,000. Institutional investors own 99.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CWST shares. Stifel Nicolaus reiterated a “buy” rating and issued a $117.00 price target (up from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Raymond James increased their price target on shares of Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a research report on Thursday, September 19th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $108.20.

Casella Waste Systems Stock Up 0.1 %

Shares of CWST stock opened at $98.36 on Monday. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 317.29, a PEG ratio of 7.89 and a beta of 0.99. Casella Waste Systems, Inc. has a one year low of $72.97 and a one year high of $109.08. The company’s fifty day moving average price is $104.14 and its 200-day moving average price is $99.75. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 1.51.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.06). The firm had revenue of $377.20 million for the quarter, compared to the consensus estimate of $373.87 million. Casella Waste Systems had a net margin of 1.35% and a return on equity of 3.83%. The firm’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 earnings per share. Sell-side analysts expect that Casella Waste Systems, Inc. will post 0.62 EPS for the current fiscal 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.