Fisher Asset Management LLC Decreases Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Fisher Asset Management LLC trimmed its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 21.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,927 shares of the industrial products company’s stock after selling 3,280 shares during the quarter. Fisher Asset Management LLC’s holdings in Casella Waste Systems were worth $1,019,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Operose Advisors LLC purchased a new position in Casella Waste Systems during the 3rd quarter valued at $25,000. Johnson Financial Group Inc. purchased a new position in Casella Waste Systems during the 4th quarter valued at $28,000. Parallel Advisors LLC increased its position in Casella Waste Systems by 232.0% during the 4th quarter. Parallel Advisors LLC now owns 332 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 232 shares during the period. Harbor Investment Advisory LLC increased its position in Casella Waste Systems by 484.2% during the 4th quarter. Harbor Investment Advisory LLC now owns 444 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 368 shares during the period. Finally, Headlands Technologies LLC increased its position in Casella Waste Systems by 124.3% during the 4th quarter. Headlands Technologies LLC now owns 758 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 420 shares during the period. 99.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of Casella Waste Systems in a research report on Thursday, May 23rd. They set a “hold” rating and a $106.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $100.40.

Casella Waste Systems Stock Performance

Shares of CWST stock opened at $98.20 on Friday. Casella Waste Systems, Inc. has a 12 month low of $72.97 and a 12 month high of $101.99. The stock has a market cap of $5.69 billion, a PE ratio of 316.77, a price-to-earnings-growth ratio of 6.22 and a beta of 0.97. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.96. The company’s fifty day moving average price is $96.28 and its 200-day moving average price is $91.94.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Friday, April 26th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $341.00 million for the quarter, compared to analysts’ expectations of $340.70 million. Casella Waste Systems had a net margin of 1.32% and a return on equity of 4.47%. Casella Waste Systems’s revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 EPS. On average, equities analysts expect that Casella Waste Systems, Inc. will post 0.79 EPS for the current fiscal year.

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.