Casella Waste Systems, Inc. (NASDAQ:CWST) Stock Holdings Lessened by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,922 shares of the industrial products company’s stock after selling 1,113 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Casella Waste Systems were worth $1,019,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Casella Waste Systems by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 5,478,870 shares of the industrial products company’s stock valued at $468,224,000 after buying an additional 92,085 shares in the last quarter. Wellington Management Group LLP lifted its position in Casella Waste Systems by 17.8% in the 4th quarter. Wellington Management Group LLP now owns 983,826 shares of the industrial products company’s stock worth $84,078,000 after buying an additional 148,913 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Casella Waste Systems during the 4th quarter valued at $202,000. Granahan Investment Management LLC grew its holdings in shares of Casella Waste Systems by 4.4% during the 4th quarter. Granahan Investment Management LLC now owns 346,333 shares of the industrial products company’s stock valued at $29,598,000 after acquiring an additional 14,514 shares in the last quarter. Finally, Comerica Bank boosted its position in Casella Waste Systems by 26.4% during the fourth quarter. Comerica Bank now owns 289,049 shares of the industrial products company’s stock valued at $24,702,000 after purchasing an additional 60,312 shares during the last quarter. 99.51% of the stock is owned by institutional investors.

Casella Waste Systems Price Performance

Shares of Casella Waste Systems stock opened at $98.20 on Monday. Casella Waste Systems, Inc. has a 1-year low of $72.97 and a 1-year high of $101.99. The firm has a fifty day simple moving average of $96.28 and a 200-day simple moving average of $91.99. 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 stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 316.77, a PEG ratio of 6.22 and a beta of 0.97.

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

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on Casella Waste Systems in a report on Thursday, May 23rd. They issued a “hold” rating and a $106.00 price objective on the stock. Two equities research 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.40.

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.