Edgestream Partners L.P. Acquires 11,996 Shares of Casella Waste Systems, Inc. $CWST

Edgestream Partners L.P. boosted its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 71.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,800 shares of the industrial products company’s stock after buying an additional 11,996 shares during the quarter. Edgestream Partners L.P.’s holdings in Casella Waste Systems were worth $3,323,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Intech Investment Management LLC grew its stake in Casella Waste Systems by 12.9% in the 1st quarter. Intech Investment Management LLC now owns 25,994 shares of the industrial products company’s stock valued at $2,899,000 after buying an additional 2,979 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Casella Waste Systems by 8.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,835 shares of the industrial products company’s stock worth $442,000 after acquiring an additional 289 shares during the period. Mutual of America Capital Management LLC boosted its holdings in shares of Casella Waste Systems by 0.4% during the first quarter. Mutual of America Capital Management LLC now owns 42,187 shares of the industrial products company’s stock worth $4,704,000 after acquiring an additional 174 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Casella Waste Systems in the second quarter valued at approximately $246,000. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Casella Waste Systems by 6.2% during the second quarter. Harbor Capital Advisors Inc. now owns 67,800 shares of the industrial products company’s stock worth $7,823,000 after purchasing an additional 3,942 shares during the period. 99.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. UBS Group lifted their price target on Casella Waste Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Loop Capital upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research report on Friday, September 19th. Barclays set a $95.00 target price on shares of Casella Waste Systems and gave the company an “equal weight” rating in a research report on Monday, November 3rd. Stifel Nicolaus initiated coverage on shares of Casella Waste Systems in a research note on Monday, September 29th. They issued a “buy” rating and a $113.00 price target on the stock. Finally, The Goldman Sachs Group lowered their price target on shares of Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.75.

Casella Waste Systems Stock Performance

NASDAQ:CWST opened at $95.68 on Thursday. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 398.68 and a beta of 0.80. Casella Waste Systems, Inc. has a fifty-two week low of $82.22 and a fifty-two week high of $121.24. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.43 and a current ratio of 1.51. The stock has a fifty day moving average price of $90.41 and a 200-day moving average price of $100.87.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.09. The business had revenue of $485.35 million during the quarter, compared to analysts’ expectations of $477.24 million. Casella Waste Systems had a net margin of 0.85% and a return on equity of 5.63%. Casella Waste Systems’s revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 earnings per share. As a group, equities analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal 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.