Sei Investments Co. Increases Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Sei Investments Co. lifted its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 18.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 425,805 shares of the industrial products company’s stock after buying an additional 65,580 shares during the quarter. Sei Investments Co. owned approximately 0.73% of Casella Waste Systems worth $42,249,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new position in shares of Casella Waste Systems in the first quarter worth approximately $26,000. Johnson Financial Group Inc. bought a new position in shares of Casella Waste Systems in the fourth quarter worth approximately $28,000. Parallel Advisors LLC increased its position in shares of 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 purchasing an additional 232 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Casella Waste Systems in the second quarter worth approximately $29,000. Finally, GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 139 shares during the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CWST shares. Raymond James upped their price objective 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. Stifel Nicolaus reiterated a “buy” rating and set a $117.00 price target (up from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Two investment 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.20.

Casella Waste Systems Stock Performance

NASDAQ:CWST opened at $100.10 on Tuesday. The firm has a market cap of $5.81 billion, a PE ratio of 322.90, a price-to-earnings-growth ratio of 9.08 and a beta of 0.99. Casella Waste Systems, Inc. has a fifty-two week low of $72.97 and a fifty-two week high of $109.08. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.51 and a current ratio of 1.58. The business has a 50 day moving average price of $104.69 and a 200-day moving average price of $99.60.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). Casella Waste Systems had a net margin of 1.35% and a return on equity of 3.83%. The company had revenue of $377.20 million for the quarter, compared to analysts’ expectations of $373.87 million. During the same period last year, the company posted $0.36 EPS. The business’s revenue for the quarter was up 30.2% compared to the same quarter last year. Equities research analysts predict that Casella Waste Systems, Inc. will post 0.57 earnings per share 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.