Natixis Advisors LLC Sells 668 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Natixis Advisors LLC lowered its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,890 shares of the industrial products company’s stock after selling 668 shares during the quarter. Natixis Advisors LLC owned about 0.07% of Casella Waste Systems worth $4,961,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CWST. Pathstone Holdings LLC raised its holdings in shares of Casella Waste Systems by 4.2% during the third quarter. Pathstone Holdings LLC now owns 51,589 shares of the industrial products company’s stock valued at $5,133,000 after purchasing an additional 2,057 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Casella Waste Systems by 7.8% during the third quarter. PNC Financial Services Group Inc. now owns 9,661 shares of the industrial products company’s stock valued at $961,000 after purchasing an additional 695 shares during the period. Moran Wealth Management LLC raised its holdings in shares of Casella Waste Systems by 37.6% during the third quarter. Moran Wealth Management LLC now owns 5,412 shares of the industrial products company’s stock valued at $538,000 after purchasing an additional 1,478 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Casella Waste Systems by 9.0% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 246,519 shares of the industrial products company’s stock valued at $24,526,000 after purchasing an additional 20,270 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of Casella Waste Systems during the third quarter valued at about $1,635,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Trading Down 0.3 %

CWST opened at $110.46 on Friday. 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 fifty-two week low of $86.41 and a fifty-two week high of $116.31. The firm has a market capitalization of $7.00 billion, a PE ratio of 480.26, a P/E/G ratio of 3.86 and a beta of 1.05. The company’s 50-day moving average is $109.71 and its 200 day moving average is $106.75.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 EPS 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%. As a group, research analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a report on Friday, February 14th. Jefferies Financial Group lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating and lowered their target price for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. Finally, Stifel Nicolaus upped their target price 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. 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. Based on data from MarketBeat.com, Casella Waste Systems presently has an average rating of “Moderate Buy” and a consensus price target of $117.75.

About Casella Waste Systems

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.