American Century Companies Inc. Trims Stock Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

American Century Companies Inc. cut its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 4.3% during the second quarter, HoldingsChannel.com reports. The fund owned 10,145 shares of the industrial products company’s stock after selling 459 shares during the quarter. American Century Companies Inc.’s holdings in Casella Waste Systems were worth $1,007,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CWST. Principal Financial Group Inc. increased its position in shares of Casella Waste Systems by 10.7% during the fourth quarter. Principal Financial Group Inc. now owns 6,533 shares of the industrial products company’s stock worth $558,000 after acquiring an additional 632 shares during the period. Parallel Advisors LLC increased its holdings in Casella Waste Systems by 232.0% during the fourth quarter. Parallel Advisors LLC now owns 332 shares of the industrial products company’s stock valued at $28,000 after buying an additional 232 shares during the period. Capital Research Global Investors purchased a new position in Casella Waste Systems during the fourth quarter valued at approximately $16,394,000. Ranger Investment Management L.P. increased its holdings in Casella Waste Systems by 0.5% during the fourth quarter. Ranger Investment Management L.P. now owns 438,936 shares of the industrial products company’s stock valued at $37,511,000 after buying an additional 2,100 shares during the period. Finally, Comerica Bank increased its holdings in Casella Waste Systems by 26.4% during the fourth quarter. Comerica Bank now owns 289,049 shares of the industrial products company’s stock valued at $24,702,000 after buying an additional 60,312 shares during the period. 99.51% of the stock is owned by hedge funds and other institutional investors.

Casella Waste Systems Price Performance

Shares of CWST opened at $99.49 on Tuesday. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 320.94, a price-to-earnings-growth ratio of 7.89 and a beta of 0.99. Casella Waste Systems, Inc. has a twelve month low of $72.97 and a twelve month high of $109.08. The company has a quick ratio of 1.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. The company has a 50 day moving average of $103.97 and a two-hundred day moving average of $99.78.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CWST. Raymond James lifted their price objective on shares of Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a report on Thursday, September 19th. Stifel Nicolaus reissued a “buy” rating and set a $117.00 price objective (up from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.20.

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.