Cibc World Markets Corp Purchases New Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Cibc World Markets Corp purchased a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) in the fourth quarter, Holdings Channel reports. The firm purchased 5,843 shares of the industrial products company’s stock, valued at approximately $618,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Wasatch Advisors LP increased its position in shares of Casella Waste Systems by 0.3% during the third quarter. Wasatch Advisors LP now owns 1,739,222 shares of the industrial products company’s stock valued at $173,035,000 after acquiring an additional 4,462 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Casella Waste Systems by 50.4% during the third quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company’s stock valued at $144,704,000 after acquiring an additional 487,661 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Casella Waste Systems by 8.3% during the third quarter. Geode Capital Management LLC now owns 1,430,958 shares of the industrial products company’s stock valued at $142,393,000 after acquiring an additional 109,288 shares during the last quarter. State Street Corp increased its position in shares of Casella Waste Systems by 5.7% during the third quarter. State Street Corp now owns 1,387,662 shares of the industrial products company’s stock valued at $138,058,000 after acquiring an additional 75,352 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its position in shares of Casella Waste Systems by 4.4% during the third quarter. Westfield Capital Management Co. LP now owns 950,484 shares of the industrial products company’s stock valued at $94,564,000 after acquiring an additional 39,666 shares during the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.

Casella Waste Systems Price Performance

Casella Waste Systems stock opened at $110.46 on Friday. Casella Waste Systems, Inc. has a one year low of $86.41 and a one year high of $116.31. The business has a fifty day moving average price of $109.71 and a 200-day moving average price of $106.76. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.00 and a quick ratio of 2.48. The firm has a market capitalization of $7.00 billion, a P/E ratio of 480.26, a PEG ratio of 3.86 and a beta of 1.05.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.25. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. As a group, equities research analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CWST shares. Stifel Nicolaus increased their price objective on Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Jefferies Financial Group lowered Casella Waste Systems from a “buy” rating to a “hold” rating and reduced their price objective 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 analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Casella Waste Systems presently has a consensus 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.