Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,396 shares of the industrial products company’s stock after acquiring an additional 1,415 shares during the period. Victory Capital Management Inc. owned about 0.07% of Casella Waste Systems worth $5,015,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CWST. Wasatch Advisors LP increased its position in 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 worth $173,035,000 after buying an additional 4,462 shares during the period. Wellington Management Group LLP boosted its position in shares of Casella Waste Systems by 50.4% in the 3rd 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 period. Geode Capital Management LLC boosted its position in shares of 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 purchasing an additional 109,288 shares during the period. State Street Corp boosted its position in shares of Casella Waste Systems by 5.7% in the 3rd quarter. State Street Corp now owns 1,387,662 shares of the industrial products company’s stock valued at $138,058,000 after purchasing an additional 75,352 shares during the period. Finally, Westfield Capital Management Co. LP boosted its position in shares of Casella Waste Systems by 4.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 950,484 shares of the industrial products company’s stock valued at $94,564,000 after purchasing an additional 39,666 shares during the period. 99.51% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems Stock Performance

Shares of NASDAQ CWST opened at $107.50 on Friday. Casella Waste Systems, Inc. has a 12 month low of $86.41 and a 12 month high of $116.31. The company has a market cap of $6.81 billion, a P/E ratio of 467.39, a P/E/G ratio of 3.86 and a beta of 1.05. The business’s 50 day moving average is $109.39 and its two-hundred day moving average is $106.66. 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 (NASDAQ:CWST) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.41 EPS for the quarter, beating 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%. On average, equities analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Analyst Ratings Changes

CWST has been the subject of a number of research reports. William Blair restated an “outperform” rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Jefferies Financial Group downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and cut their price target for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus raised their price objective on Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Two equities research 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.