Associated Banc Corp Acquires New Shares in Casella Waste Systems, Inc. (NASDAQ:CWST)

Associated Banc Corp bought a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,104 shares of the industrial products company’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank lifted its position in Casella Waste Systems by 6.4% in the 3rd quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock valued at $210,000 after acquiring an additional 126 shares in the last quarter. Integrated Investment Consultants LLC lifted its holdings in shares of Casella Waste Systems by 2.2% in the fourth quarter. Integrated Investment Consultants LLC now owns 7,607 shares of the industrial products company’s stock valued at $805,000 after purchasing an additional 165 shares in the last quarter. Harbor Investment Advisory LLC boosted its position 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 boosted its position in shares of Casella Waste Systems by 156.5% during the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company’s stock worth $34,000 after buying an additional 194 shares during the period. Finally, Principal Securities Inc. raised its position in Casella Waste Systems by 11.0% in the 4th quarter. Principal Securities Inc. now owns 1,979 shares of the industrial products company’s stock valued at $209,000 after buying an additional 196 shares during the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems Stock Up 1.2 %

NASDAQ:CWST opened at $107.50 on Monday. Casella Waste Systems, Inc. has a twelve month low of $86.41 and a twelve month high of $116.31. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of 467.39, a price-to-earnings-growth ratio of 3.86 and a beta of 1.05. 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 stock’s 50 day moving average price is $109.39 and its two-hundred day moving average price is $106.65.

Casella Waste Systems (NASDAQ:CWST) last released 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%. Equities research analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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