Moran Wealth Management LLC Boosts Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Moran Wealth Management LLC raised its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,760 shares of the industrial products company’s stock after buying an additional 348 shares during the period. Moran Wealth Management LLC’s holdings in Casella Waste Systems were worth $609,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CWST. Amalgamated Bank increased its stake in shares of Casella Waste Systems by 6.4% in the 3rd quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock worth $210,000 after purchasing an additional 126 shares in the last quarter. Integrated Investment Consultants LLC increased its position in 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 worth $805,000 after buying an additional 165 shares in the last quarter. Harbor Investment Advisory LLC raised its stake in shares of Casella Waste Systems by 30.2% in 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 lifted its position in shares of Casella Waste Systems by 156.5% during the 4th quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company’s stock valued at $34,000 after buying an additional 194 shares in the last quarter. Finally, Principal Securities Inc. grew its stake in shares of Casella Waste Systems by 11.0% during the 4th quarter. Principal Securities Inc. now owns 1,979 shares of the industrial products company’s stock valued at $209,000 after acquiring an additional 196 shares during the period. 99.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on CWST. William Blair restated an “outperform” rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Stifel Nicolaus raised their price objective 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. Finally, Jefferies Financial Group cut shares of Casella Waste Systems from a “buy” rating to a “hold” rating and lowered their target price for the company from $115.00 to $113.00 in a research note on Thursday, January 23rd. Two investment 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 company. According to MarketBeat.com, Casella Waste Systems presently has an average rating of “Moderate Buy” and an average price target of $117.75.

Casella Waste Systems Stock Down 2.0 %

NASDAQ CWST opened at $105.14 on Thursday. Casella Waste Systems, Inc. has a 12 month low of $86.41 and a 12 month high of $116.31. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70. The stock has a market cap of $6.66 billion, a PE ratio of 457.13, a P/E/G ratio of 3.86 and a beta of 1.05. The stock’s 50 day moving average is $109.30 and its 200 day moving average is $106.65.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 EPS 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%. Research 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.