Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 168.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,180 shares of the industrial products company’s stock after purchasing an additional 20,208 shares during the period. Fisher Asset Management LLC’s holdings in Casella Waste Systems were worth $3,405,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Zimmer Partners LP acquired a new position in Casella Waste Systems during the 3rd quarter worth approximately $50,854,000. Wellington Management Group LLP grew its holdings in Casella Waste Systems by 50.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company’s stock worth $144,704,000 after acquiring an additional 487,661 shares in the last quarter. Maven Securities LTD acquired a new position in Casella Waste Systems during the 3rd quarter worth approximately $19,898,000. Loomis Sayles & Co. L P grew its holdings in Casella Waste Systems by 21.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 848,976 shares of the industrial products company’s stock worth $84,465,000 after acquiring an additional 151,744 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Casella Waste Systems during the 3rd quarter worth approximately $14,924,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on CWST. Stifel Nicolaus boosted their price target 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. Jefferies Financial Group cut shares of Casella Waste Systems from a “buy” rating to a “hold” rating and lowered their price target for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. Finally, William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a report on Friday, February 14th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $117.75.

Casella Waste Systems Stock Down 1.9 %

Shares of NASDAQ:CWST opened at $111.62 on Thursday. The company has a market capitalization of $7.07 billion, a PE ratio of 485.30, a P/E/G ratio of 3.86 and a beta of 1.05. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70. Casella Waste Systems, Inc. has a twelve month low of $86.41 and a twelve month high of $116.31. The firm has a 50 day simple moving average of $108.94 and a 200-day simple moving average of $106.52.

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 for the quarter, topping 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%. On average, equities analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

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.