Charles Schwab Investment Management Inc. Boosts Stock Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Charles Schwab Investment Management Inc. grew its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 607,954 shares of the industrial products company’s stock after acquiring an additional 14,369 shares during the period. Charles Schwab Investment Management Inc. owned 0.96% of Casella Waste Systems worth $64,328,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CWST. Wasatch Advisors LP raised its position in shares of 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 in the last quarter. Wellington Management Group LLP raised its position in shares of Casella Waste Systems by 50.4% in the third quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company’s stock worth $144,704,000 after buying an additional 487,661 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Casella Waste Systems by 8.3% in 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 buying an additional 109,288 shares in the last quarter. State Street Corp raised its position in shares of Casella Waste Systems by 5.7% in the third quarter. State Street Corp now owns 1,387,662 shares of the industrial products company’s stock worth $138,058,000 after buying an additional 75,352 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its position in shares of Casella Waste Systems by 4.4% in the third quarter. Westfield Capital Management Co. LP now owns 950,484 shares of the industrial products company’s stock worth $94,564,000 after buying an additional 39,666 shares in the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CWST shares. 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 lowered their price target for the company from $115.00 to $113.00 in a research report on Thursday, January 23rd. Finally, Stifel Nicolaus raised their price target on Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $117.75.

Casella Waste Systems Stock Down 2.0 %

Shares of NASDAQ:CWST opened at $105.14 on Thursday. The stock’s 50-day moving average price is $109.30 and its 200-day moving average price is $106.65. Casella Waste Systems, Inc. has a 12-month low of $86.41 and a 12-month high of $116.31. The stock has a market capitalization of $6.66 billion, a P/E ratio of 457.13, a price-to-earnings-growth ratio of 3.86 and a beta of 1.05. 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 (NASDAQ:CWST) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current 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.