Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC cut its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 52.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,469 shares of the industrial products company’s stock after selling 5,917 shares during the quarter. Corient Private Wealth LLC’s holdings in Casella Waste Systems were worth $579,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Mather Group LLC. grew its holdings in Casella Waste Systems by 1,606.7% during the 4th quarter. Mather Group LLC. now owns 256 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 241 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Casella Waste Systems by 156.5% during the 4th quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 194 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of Casella Waste Systems during the fourth quarter worth $58,000. Harbor Investment Advisory LLC increased its holdings in Casella Waste Systems by 30.2% in the fourth quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company’s stock valued at $84,000 after buying an additional 185 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Casella Waste Systems by 69.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the industrial products company’s stock worth $158,000 after buying an additional 611 shares during the last quarter. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Casella Waste Systems Stock Down 0.0 %

Shares of NASDAQ CWST opened at $110.70 on Friday. The business has a 50-day moving average price of $109.73 and a 200 day moving average price of $106.97. The stock has a market cap of $7.01 billion, a PE ratio of 481.30, a price-to-earnings-growth ratio of 3.86 and a beta of 1.05. 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, Inc. has a 52-week low of $86.41 and a 52-week high of $116.31.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share 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%. Equities research analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a report on Friday, February 14th. Stifel Nicolaus increased their price target on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $117.75.

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.