Avantax Advisory Services Inc. Lowers Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Avantax Advisory Services Inc. lessened its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 6.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,043 shares of the industrial products company’s stock after selling 762 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Casella Waste Systems were worth $1,274,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans increased its position in Casella Waste Systems by 1.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 195,861 shares of the industrial products company’s stock valued at $19,486,000 after buying an additional 2,636 shares in the last quarter. LMR Partners LLP purchased a new stake in shares of Casella Waste Systems in the third quarter worth $2,414,000. Pathstone Holdings LLC increased its holdings in shares of Casella Waste Systems by 4.2% during the third quarter. Pathstone Holdings LLC now owns 51,589 shares of the industrial products company’s stock valued at $5,133,000 after acquiring an additional 2,057 shares in the last quarter. OneAscent Financial Services LLC purchased a new position in shares of Casella Waste Systems in the 3rd quarter worth about $301,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Casella Waste Systems during the 3rd quarter valued at about $5,255,000. Institutional investors own 99.51% of the company’s stock.

Analyst Upgrades and Downgrades

CWST has been the subject of several recent analyst reports. Stifel Nicolaus lifted their target price on shares of Casella Waste Systems from $127.00 to $129.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Finally, Jefferies Financial Group cut Casella Waste Systems from a “buy” rating to a “hold” rating and decreased their price target for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $117.75.

Casella Waste Systems Stock Down 1.7 %

Shares of Casella Waste Systems stock opened at $107.53 on Wednesday. Casella Waste Systems, Inc. has a twelve month low of $86.41 and a twelve month high of $116.31. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. The company’s 50 day moving average is $109.50 and its 200 day moving average is $106.67. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 467.52, a price-to-earnings-growth ratio of 3.86 and a beta of 1.05.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.25. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. Research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS 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.