Casella Waste Systems, Inc. $CWST Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS grew its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 31.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 22,900 shares of the industrial products company’s stock after acquiring an additional 5,500 shares during the period. KLP Kapitalforvaltning AS’s holdings in Casella Waste Systems were worth $2,173,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Maseco LLP purchased a new stake in shares of Casella Waste Systems during the second quarter valued at $25,000. Ameritas Advisory Services LLC acquired a new stake in Casella Waste Systems during the 2nd quarter worth about $25,000. Caitong International Asset Management Co. Ltd lifted its stake 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 valued at $25,000 after buying an additional 166 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Casella Waste Systems by 301.6% in 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 period. Finally, AlphaQuest LLC purchased a new position in shares of Casella Waste Systems in the second quarter worth approximately $33,000. 99.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Casella Waste Systems in a research report on Thursday, December 11th. They issued a “neutral” rating and a $112.00 price target for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Casella Waste Systems in a report on Monday, December 29th. Stifel Nicolaus assumed coverage on Casella Waste Systems in a research report on Monday, September 29th. They issued a “buy” rating and a $113.00 target price for the company. Raymond James Financial reiterated a “strong-buy” rating and set a $120.00 price target on shares of Casella Waste Systems in a report on Monday, November 3rd. Finally, UBS Group increased their price objective on Casella Waste Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Casella Waste Systems currently has an average rating of “Moderate Buy” and a consensus price target of $114.33.

Casella Waste Systems Trading Up 0.3%

Shares of NASDAQ:CWST opened at $99.96 on Friday. The firm has a fifty day moving average of $95.95 and a two-hundred day moving average of $97.61. The company has a quick ratio of 1.43, a current ratio of 1.51 and a debt-to-equity ratio of 0.72. Casella Waste Systems, Inc. has a 12-month low of $82.22 and a 12-month high of $121.24. The firm has a market capitalization of $6.35 billion, a P/E ratio of 416.52 and a beta of 0.80.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Thursday, October 30th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating 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 firm’s revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS. On average, equities analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal 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.