Fenimore Asset Management Inc Invests $10.84 Million in Casella Waste Systems, Inc. $CWST

Fenimore Asset Management Inc purchased a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 114,226 shares of the industrial products company’s stock, valued at approximately $10,838,000.

Other hedge funds also recently bought and sold shares of the company. Maseco LLP acquired a new position in shares of Casella Waste Systems during the 2nd quarter worth approximately $25,000. Ameritas Advisory Services LLC acquired a new stake in shares of Casella Waste Systems in the second quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd lifted its position in Casella Waste Systems by 325.5% during the second quarter. Caitong International Asset Management Co. Ltd now owns 217 shares of the industrial products company’s stock worth $25,000 after buying an additional 166 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Casella Waste Systems by 301.6% during the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after buying an additional 184 shares during the last quarter. Finally, AlphaQuest LLC purchased a new stake in Casella Waste Systems in the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CWST. JPMorgan Chase & Co. assumed coverage on Casella Waste Systems in a report on Thursday, December 11th. They set a “neutral” rating and a $112.00 price target on the stock. Raymond James Financial reaffirmed a “strong-buy” rating and set a $120.00 target price on shares of Casella Waste Systems in a research note on Monday, November 3rd. Stifel Nicolaus began coverage on shares of Casella Waste Systems in a report on Monday, September 29th. They issued a “buy” rating and a $113.00 target price on the stock. Barclays set a $95.00 price target on shares of Casella Waste Systems and gave the company an “equal weight” rating in a research report on Monday, November 3rd. Finally, The Goldman Sachs Group lowered their price objective on Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $113.56.

Casella Waste Systems Stock Down 2.3%

Shares of NASDAQ CWST opened at $97.94 on Thursday. The company has a quick ratio of 1.43, a current ratio of 1.51 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $94.18 and its two-hundred day moving average is $98.44. Casella Waste Systems, Inc. has a 52-week low of $82.22 and a 52-week high of $121.24. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 408.10 and a beta of 0.80.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results on Thursday, October 30th. The industrial products company reported $0.42 EPS 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 analyst estimates of $477.24 million. Casella Waste Systems had a return on equity of 5.63% and a net margin of 0.85%.The company’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period last year, the business posted $0.27 earnings per share. Research analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.