Geneva Capital Management LLC Cuts Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Geneva Capital Management LLC decreased its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,025,531 shares of the industrial products company’s stock after selling 15,088 shares during the quarter. Casella Waste Systems comprises 1.9% of Geneva Capital Management LLC’s holdings, making the stock its 17th largest position. Geneva Capital Management LLC’s holdings in Casella Waste Systems were worth $108,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CWST. Asset Management One Co. Ltd. lifted its position in Casella Waste Systems by 4.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 154,422 shares of the industrial products company’s stock worth $15,303,000 after buying an additional 7,185 shares during the last quarter. Amalgamated Bank lifted its position in 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 buying an additional 126 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in Casella Waste Systems by 9.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,932 shares of the industrial products company’s stock worth $292,000 after buying an additional 265 shares during the last quarter. Versor Investments LP bought a new stake in Casella Waste Systems in the 3rd quarter worth approximately $527,000. Finally, MQS Management LLC bought a new stake in Casella Waste Systems in the 3rd quarter worth approximately $562,000. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Stock Performance

Shares of CWST stock opened at $111.62 on Thursday. 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, Inc. has a fifty-two week low of $86.41 and a fifty-two week high of $116.31. The stock has a 50 day moving average price of $108.94 and a two-hundred day moving average price of $106.52. The company has a market capitalization of $7.07 billion, a P/E ratio of 485.30, a PEG ratio of 3.86 and a beta of 1.05.

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%. Analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on CWST shares. Stifel Nicolaus boosted their target price on Casella Waste Systems from $127.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Jefferies Financial Group downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and lowered their price objective for the company from $115.00 to $113.00 in a research report on Thursday, January 23rd. Finally, William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently 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.