Driehaus Capital Management LLC Raises Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Driehaus Capital Management LLC raised its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 4.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,795 shares of the industrial products company’s stock after buying an additional 1,997 shares during the quarter. Driehaus Capital Management LLC’s holdings in Casella Waste Systems were worth $4,643,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CWST. Global Alpha Capital Management Ltd. boosted its position in shares of Casella Waste Systems by 28.9% in the first quarter. Global Alpha Capital Management Ltd. now owns 270,300 shares of the industrial products company’s stock valued at $26,725,000 after acquiring an additional 60,600 shares during the period. Williams Financial LLC purchased a new position in shares of Casella Waste Systems during the 2nd quarter valued at $2,427,000. Wasatch Advisors LP bought a new position in shares of Casella Waste Systems in the first quarter worth $91,317,000. Vanguard Group Inc. raised its position in shares of Casella Waste Systems by 1.1% in the first quarter. Vanguard Group Inc. now owns 5,536,410 shares of the industrial products company’s stock worth $547,385,000 after buying an additional 57,540 shares in the last quarter. Finally, Comerica Bank boosted its stake in Casella Waste Systems by 7.7% during the first quarter. Comerica Bank now owns 311,433 shares of the industrial products company’s stock valued at $30,791,000 after buying an additional 22,384 shares during the period. 99.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CWST shares. Raymond James upped their target price 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 issued a $117.00 price objective (up from $110.00) on shares of Casella Waste Systems in a research 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.20.

Casella Waste Systems Trading Up 0.1 %

Shares of CWST stock opened at $98.36 on Monday. The business has a 50-day moving average price of $104.14 and a two-hundred day moving average price of $99.75. Casella Waste Systems, Inc. has a 12-month low of $72.97 and a 12-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 firm has a market cap of $5.70 billion, a P/E ratio of 317.29, a price-to-earnings-growth 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). The firm had revenue of $377.20 million for the quarter, compared to analysts’ expectations of $373.87 million. Casella Waste Systems had a net margin of 1.35% and a return on equity of 3.83%. The business’s quarterly revenue was up 30.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 earnings per share. Equities analysts anticipate that Casella Waste Systems, Inc. will post 0.62 EPS for the current fiscal year.

Casella Waste Systems Company 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.