Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 287,224 shares of the industrial products company’s stock after selling 2,222 shares during the period. Bank of New York Mellon Corp owned about 0.45% of Casella Waste Systems worth $30,391,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Wasatch Advisors LP lifted its holdings in shares of Casella Waste Systems by 0.3% during the 3rd quarter. Wasatch Advisors LP now owns 1,739,222 shares of the industrial products company’s stock valued at $173,035,000 after acquiring an additional 4,462 shares in the last quarter. Wellington Management Group LLP lifted its stake in Casella Waste Systems by 50.4% during the third quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company’s stock valued at $144,704,000 after purchasing an additional 487,661 shares during the last quarter. Geode Capital Management LLC increased its stake in Casella Waste Systems by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,430,958 shares of the industrial products company’s stock valued at $142,393,000 after buying an additional 109,288 shares during the period. State Street Corp increased its stake in shares of 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 during the last quarter. Finally, Geneva Capital Management LLC increased its stake in shares of 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 during the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CWST has been the topic of a number of research analyst reports. William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Jefferies Financial Group cut shares of Casella Waste Systems from a “buy” rating to a “hold” rating and dropped their target price for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. Finally, Stifel Nicolaus increased their target price on shares of Casella Waste Systems from $127.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Casella Waste Systems has a consensus rating of “Moderate Buy” and an average target price of $117.75.

Casella Waste Systems Stock Up 2.5 %

Casella Waste Systems stock opened at $112.47 on Friday. The stock has a market capitalization of $7.13 billion, a PE ratio of 489.00, a price-to-earnings-growth ratio of 3.86 and a beta of 1.05. Casella Waste Systems, Inc. has a twelve month low of $86.41 and a twelve month high of $116.31. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. The company has a 50 day moving average of $109.22 and a 200-day moving average of $106.63.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. On average, equities research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Casella Waste Systems Company Profile

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.