Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Bought by Select Equity Group L.P.

Select Equity Group L.P. grew its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 10.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,108 shares of the industrial products company’s stock after buying an additional 2,765 shares during the period. Select Equity Group L.P.’s holdings in Casella Waste Systems were worth $2,987,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. New Covenant Trust Company N.A. purchased a new stake in Casella Waste Systems in the 1st quarter valued at about $26,000. Opal Wealth Advisors LLC purchased a new stake in shares of Casella Waste Systems in the 2nd quarter valued at approximately $29,000. GAMMA Investing LLC lifted its holdings in shares of Casella Waste Systems by 76.4% in the 2nd 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 last quarter. Parallel Advisors LLC boosted its position in shares of Casella Waste Systems by 232.0% during the 4th 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 period. Finally, Whittier Trust Co. acquired a new stake in Casella Waste Systems in the 1st quarter valued at approximately $41,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Trading Up 0.1 %

CWST opened at $98.36 on Friday. The business has a fifty day moving average price of $104.14 and a 200 day moving average price of $99.67. 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, Inc. has a 12 month low of $72.97 and a 12 month high of $109.08. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 317.29, a PEG ratio of 7.89 and a beta of 0.99.

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 analysts’ consensus estimates of $0.28 by ($0.06). Casella Waste Systems had a return on equity of 3.83% and a net margin of 1.35%. The company had revenue of $377.20 million for the quarter, compared to analyst estimates of $373.87 million. During the same period in the prior year, the firm posted $0.36 earnings per share. The business’s quarterly revenue was up 30.2% compared to the same quarter last year. Sell-side analysts expect that Casella Waste Systems, Inc. will post 0.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Raymond James upped their price target on Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 19th. Stifel Nicolaus restated a “buy” rating and set a $117.00 target price (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 assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.