Allspring Global Investments Holdings LLC Decreases Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Allspring Global Investments Holdings LLC lowered its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 813,157 shares of the industrial products company’s stock after selling 64,727 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Casella Waste Systems were worth $84,752,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. raised its stake in shares of Casella Waste Systems by 1,606.7% during the 4th quarter. Mather Group LLC. now owns 256 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 241 shares during the period. GAMMA Investing LLC increased its holdings in Casella Waste Systems by 64.5% during the third quarter. GAMMA Investing LLC now owns 528 shares of the industrial products company’s stock worth $53,000 after buying an additional 207 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in Casella Waste Systems in the fourth quarter worth about $58,000. Harbor Investment Advisory LLC boosted its stake in Casella Waste Systems by 30.2% in the fourth quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 185 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Casella Waste Systems by 69.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the industrial products company’s stock valued at $158,000 after acquiring an additional 611 shares during the period. Institutional investors own 99.51% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CWST. Deutsche Bank Aktiengesellschaft dropped their price objective on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Jefferies Financial Group cut Casella Waste Systems from a “buy” rating to a “hold” rating and dropped their price target for the company from $115.00 to $113.00 in a research report on Thursday, January 23rd. Finally, Stifel Nicolaus increased their price target on Casella Waste Systems from $117.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $113.80.

Casella Waste Systems Trading Down 0.7 %

Shares of CWST stock opened at $106.71 on Thursday. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 889.25, a PEG ratio of 3.89 and a beta of 1.04. The company’s fifty day simple moving average is $107.68 and its two-hundred day simple moving average is $105.64. Casella Waste Systems, Inc. has a 1 year low of $84.45 and a 1 year high of $114.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.55 and a quick ratio of 2.48.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.25. Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. As a group, analysts anticipate that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current 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.