Empowered Funds LLC Makes New Investment in Casella Waste Systems, Inc. (NASDAQ:CWST)

Empowered Funds LLC acquired a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,904 shares of the industrial products company’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mather Group LLC. increased its holdings in shares of Casella Waste Systems by 1,606.7% during the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 241 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Casella Waste Systems during the fourth quarter valued at approximately $58,000. Harbor Investment Advisory LLC increased its holdings in shares of Casella Waste Systems by 30.2% during the fourth quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 185 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Casella Waste Systems by 69.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the industrial products company’s stock valued at $158,000 after acquiring an additional 611 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Casella Waste Systems by 6.4% during the third quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock valued at $210,000 after acquiring an additional 126 shares in the last quarter. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Stock Down 1.5 %

CWST stock opened at $113.99 on Friday. The stock’s fifty day simple moving average is $108.18 and its two-hundred day simple moving average is $106.10. 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 $7.22 billion, a P/E ratio of 495.61, a P/E/G ratio of 3.87 and a beta of 1.04.

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, topping 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%. Analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Analysts Set New Price Targets

CWST has been the subject of several recent research reports. William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft decreased their price target on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a report on Friday, November 1st. Jefferies Financial Group downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and decreased their price target for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. Finally, Stifel Nicolaus upped their price target on Casella Waste Systems from $127.00 to $129.00 and gave the stock a “buy” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.