Swiss National Bank Grows Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Swiss National Bank lifted its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 9.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 122,500 shares of the industrial products company’s stock after buying an additional 10,900 shares during the quarter. Swiss National Bank’s holdings in Casella Waste Systems were worth $12,962,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CWST. Thrivent Financial for Lutherans increased its holdings 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 worth $19,486,000 after purchasing an additional 2,636 shares during the period. Pathstone Holdings LLC grew its position in shares of Casella Waste Systems by 4.2% during the 3rd quarter. Pathstone Holdings LLC now owns 51,589 shares of the industrial products company’s stock worth $5,133,000 after buying an additional 2,057 shares in the last quarter. OneAscent Financial Services LLC purchased a new position in shares of Casella Waste Systems during the third quarter valued at $301,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Casella Waste Systems in the third quarter valued at about $5,255,000. Finally, PNC Financial Services Group Inc. lifted its stake in Casella Waste Systems by 7.8% in the third quarter. PNC Financial Services Group Inc. now owns 9,661 shares of the industrial products company’s stock worth $961,000 after acquiring an additional 695 shares during the period. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Stock Performance

Shares of Casella Waste Systems stock opened at $110.89 on Thursday. Casella Waste Systems, Inc. has a one year low of $86.41 and a one year high of $116.31. The company has a market capitalization of $7.03 billion, a PE ratio of 482.13, a P/E/G ratio of 3.86 and a beta of 1.05. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00. The company has a 50-day simple moving average of $109.57 and a two-hundred day simple moving average of $106.70.

Casella Waste Systems (NASDAQ:CWST) last announced its 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 net margin of 0.87% and a return on equity of 4.15%. Research analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Analyst Ratings Changes

CWST has been the topic of a number of research reports. Stifel Nicolaus raised their target price on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a research 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 downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.75.

Casella Waste Systems 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.