Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Purchased by Axiom Investors LLC DE

Axiom Investors LLC DE raised its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 25.0% in the 4th quarter, Holdings Channel reports. The firm owned 173,192 shares of the industrial products company’s stock after purchasing an additional 34,684 shares during the quarter. Axiom Investors LLC DE’s holdings in Casella Waste Systems were worth $18,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its stake in Casella Waste Systems by 87.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 78,549 shares of the industrial products company’s stock worth $7,815,000 after acquiring an additional 36,573 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Casella Waste Systems by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,430,958 shares of the industrial products company’s stock worth $142,393,000 after purchasing an additional 109,288 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Casella Waste Systems by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 607,954 shares of the industrial products company’s stock valued at $64,328,000 after purchasing an additional 14,369 shares during the period. Stifel Financial Corp increased its position in Casella Waste Systems by 22.9% in the third quarter. Stifel Financial Corp now owns 31,563 shares of the industrial products company’s stock worth $3,140,000 after buying an additional 5,888 shares during the period. Finally, Empowered Funds LLC acquired a new stake in Casella Waste Systems in the fourth quarter worth $201,000. 99.51% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems Price Performance

Shares of NASDAQ:CWST opened at $110.70 on Monday. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 481.30, a PEG ratio of 3.86 and a beta of 1.05. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.00 and a quick ratio of 2.48. Casella Waste Systems, Inc. has a 12 month low of $86.41 and a 12 month high of $116.31. The stock’s 50 day moving average price is $109.73 and its 200 day moving average price is $107.00.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CWST shares. Stifel Nicolaus increased their price objective 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 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 report on Thursday, January 23rd. Finally, William Blair reissued an “outperform” rating on shares of Casella Waste Systems in a report on Friday, February 14th. Two investment 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 company’s stock. According to MarketBeat, Casella Waste Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.75.

Casella Waste Systems Company 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.