Rhumbline Advisers Buys 2,454 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Rhumbline Advisers boosted its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,858 shares of the industrial products company’s stock after purchasing an additional 2,454 shares during the period. Rhumbline Advisers owned about 0.14% of Casella Waste Systems worth $9,190,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its position in Casella Waste Systems by 108.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 66,129 shares of the industrial products company’s stock worth $6,579,000 after buying an additional 34,340 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Casella Waste Systems by 87.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 78,549 shares of the industrial products company’s stock valued at $7,815,000 after acquiring an additional 36,573 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Casella Waste Systems by 8.3% during the third 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 during the period. MQS Management LLC bought a new stake in shares of Casella Waste Systems in the third quarter worth $562,000. Finally, Loomis Sayles & Co. L P increased its holdings in Casella Waste Systems by 21.8% in the third quarter. Loomis Sayles & Co. L P now owns 848,976 shares of the industrial products company’s stock valued at $84,465,000 after purchasing an additional 151,744 shares during the period. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Stock Down 1.8 %

Shares of Casella Waste Systems stock opened at $111.98 on Tuesday. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 486.87, a PEG ratio of 3.86 and a beta of 1.04. The stock’s 50-day moving average is $108.28 and its 200 day moving average is $106.21. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.00 and a quick ratio of 2.48. Casella Waste Systems, Inc. has a one year low of $86.41 and a one year high of $116.31.

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

Wall Street Analyst Weigh In

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

Casella Waste Systems 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.