IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 11,314 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 46.4% in the fourth quarter, HoldingsChannel reports. The firm owned 13,085 shares of the industrial products company’s stock after selling 11,314 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Casella Waste Systems were worth $1,385,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Mather Group LLC. increased its stake in shares of Casella Waste Systems by 1,606.7% during the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company’s stock valued at $27,000 after buying an additional 241 shares during the period. Jones Financial Companies Lllp increased its position in 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 purchasing an additional 194 shares during the period. Eagle Bay Advisors LLC bought a new position in Casella Waste Systems in the 4th quarter worth $58,000. Harbor Investment Advisory LLC lifted its position in shares of Casella Waste Systems by 30.2% in the 4th quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 185 shares during the period. Finally, Signaturefd LLC lifted its position in shares of Casella Waste Systems by 16.4% in the 4th quarter. Signaturefd LLC now owns 802 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 113 shares during the period. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Price Performance

Shares of CWST opened at $110.74 on Friday. Casella Waste Systems, Inc. has a fifty-two week low of $86.41 and a fifty-two week high of $116.31. The firm’s 50-day simple moving average is $109.74 and its two-hundred day simple moving average is $106.93. The stock has a market cap of $7.02 billion, a PE ratio of 481.48, a price-to-earnings-growth ratio of 3.86 and a beta of 1.05. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, topping 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%. 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 equities analysts recently issued reports on the stock. Jefferies Financial Group downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating and decreased their price target for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. William Blair restated an “outperform” rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Finally, Stifel Nicolaus lifted their price target on 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 research analysts have rated the stock with a hold rating, two have given 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 currently has an average rating of “Moderate Buy” and a consensus target price 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.