Truist Financial Corp Has $2.93 Million Stock Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Truist Financial Corp reduced its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 8.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,705 shares of the industrial products company’s stock after selling 2,611 shares during the quarter. Truist Financial Corp’s holdings in Casella Waste Systems were worth $2,931,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wasatch Advisors LP raised its holdings in shares of Casella Waste Systems by 0.3% in the third quarter. Wasatch Advisors LP now owns 1,739,222 shares of the industrial products company’s stock valued at $173,035,000 after buying an additional 4,462 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Casella Waste Systems by 50.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company’s stock worth $144,704,000 after buying an additional 487,661 shares during the period. Geode Capital Management LLC increased its stake in Casella Waste Systems by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,430,958 shares of the industrial products company’s stock worth $142,393,000 after purchasing an additional 109,288 shares in the last quarter. State Street Corp increased its stake in Casella Waste Systems by 5.7% during the 3rd quarter. State Street Corp now owns 1,387,662 shares of the industrial products company’s stock worth $138,058,000 after purchasing an additional 75,352 shares in the last quarter. Finally, Geneva Capital Management LLC increased its stake in Casella Waste Systems by 0.4% during the 3rd quarter. Geneva Capital Management LLC now owns 1,040,619 shares of the industrial products company’s stock worth $103,531,000 after purchasing an additional 4,324 shares in the last quarter. 99.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CWST shares. Jefferies Financial Group downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and cut their price objective for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. Stifel Nicolaus raised their price target on Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft lowered their price objective on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Finally, William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $117.75.

Casella Waste Systems Stock Down 0.8 %

CWST stock opened at $111.14 on Wednesday. The stock’s fifty day simple moving average is $108.38 and its two-hundred day simple moving average is $106.26. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70. Casella Waste Systems, Inc. has a 1-year low of $86.41 and a 1-year high of $116.31. The stock has a market cap of $7.04 billion, a P/E ratio of 483.22, a P/E/G ratio of 3.86 and a beta of 1.04.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates 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 EPS for the current 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.