Xponance Inc. Increases Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Xponance Inc. boosted its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 11.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,488 shares of the industrial products company’s stock after purchasing an additional 461 shares during the period. Xponance Inc.’s holdings in Casella Waste Systems were worth $475,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Mather Group LLC. increased its holdings in shares of Casella Waste Systems by 1,606.7% in the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 241 shares during the period. Jones Financial Companies Lllp increased its holdings in Casella Waste Systems by 156.5% in the 4th quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company’s stock worth $34,000 after buying an additional 194 shares during the period. Eagle Bay Advisors LLC purchased a new position in Casella Waste Systems during the 4th quarter worth approximately $58,000. Harbor Investment Advisory LLC lifted its stake in Casella Waste Systems by 30.2% during the 4th quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 185 shares during the period. Finally, Signaturefd LLC boosted its holdings 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 valued at $85,000 after acquiring an additional 113 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Stock Performance

CWST opened at $110.69 on Thursday. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 481.26, a PEG ratio of 3.86 and a beta of 1.05. The firm’s fifty day simple moving average is $109.77 and its two-hundred day simple moving average is $106.91. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. Casella Waste Systems, Inc. has a 52-week low of $86.41 and a 52-week high of $116.31.

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

Analysts Set New Price Targets

CWST has been the subject of a number of research reports. Stifel Nicolaus boosted their target price 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. William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Finally, 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 research note on Thursday, January 23rd. Two equities research 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’s stock. According to MarketBeat, Casella Waste Systems presently has a consensus rating of “Moderate Buy” and an average 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.