Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lifted its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,037 shares of the industrial products company’s stock after purchasing an additional 558 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Casella Waste Systems were worth $639,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. boosted its holdings in shares of Casella Waste Systems by 1,606.7% in 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 during the period. Jones Financial Companies Lllp boosted its stake in 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 period. Eagle Bay Advisors LLC purchased a new position in Casella Waste Systems during the 4th quarter worth $58,000. Harbor Investment Advisory LLC increased its stake 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 purchasing an additional 185 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Casella Waste Systems by 69.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the industrial products company’s stock valued at $158,000 after buying an additional 611 shares during the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Price Performance

Shares of NASDAQ:CWST opened at $110.82 on Tuesday. Casella Waste Systems, Inc. has a 52 week low of $86.41 and a 52 week high of $116.31. The company has a 50-day moving average price of $109.75 and a 200 day moving average price of $106.82. The company has a market cap of $7.02 billion, a P/E ratio of 481.83, a PEG 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 (NASDAQ:CWST) last posted 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%. Research analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

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