Cynosure Group LLC Cuts Stock Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Cynosure Group LLC lessened its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 33.0% during the 4th quarter, Holdings Channel reports. The firm owned 2,808 shares of the industrial products company’s stock after selling 1,385 shares during the period. Cynosure Group LLC’s holdings in Casella Waste Systems were worth $297,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Signaturefd LLC grew its stake in Casella Waste Systems by 16.4% during the 4th quarter. Signaturefd LLC now owns 802 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 113 shares in the last quarter. Integrated Investment Consultants LLC grew its position in shares of Casella Waste Systems by 2.2% during the fourth quarter. Integrated Investment Consultants LLC now owns 7,607 shares of the industrial products company’s stock worth $805,000 after buying an additional 165 shares in the last quarter. Harbor Investment Advisory LLC increased its stake in shares of Casella Waste Systems by 30.2% during the fourth quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company’s stock worth $84,000 after buying an additional 185 shares during the period. Jones Financial Companies Lllp raised its holdings in Casella Waste Systems by 156.5% in the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 194 shares in the last quarter. Finally, Principal Securities Inc. lifted its stake in Casella Waste Systems by 11.0% in the fourth quarter. Principal Securities Inc. now owns 1,979 shares of the industrial products company’s stock worth $209,000 after acquiring an additional 196 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Trading Up 0.6 %

NASDAQ CWST opened at $114.98 on Friday. The firm’s fifty day moving average price is $110.07 and its 200 day moving average price is $107.17. Casella Waste Systems, Inc. has a 12 month low of $86.41 and a 12 month high of $116.31. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.00 and a quick ratio of 2.48. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 499.91, a price-to-earnings-growth ratio of 3.86 and a beta of 1.05.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CWST. William Blair reissued an “outperform” rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Jefferies Financial Group cut Casella Waste Systems from a “buy” rating to a “hold” rating and cut their price target for the company from $115.00 to $113.00 in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus upped their price objective on Casella Waste Systems from $127.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Two 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’s stock. According to data from MarketBeat, Casella Waste Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.75.

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.