Bessemer Group Inc. Lowers Stock Position in Casella Waste Systems, Inc. $CWST

Bessemer Group Inc. trimmed its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 99.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,856 shares of the industrial products company’s stock after selling 267,653 shares during the quarter. Bessemer Group Inc.’s holdings in Casella Waste Systems were worth $176,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Liberty One Investment Management LLC increased its holdings in shares of Casella Waste Systems by 7.8% in the 2nd quarter. Liberty One Investment Management LLC now owns 1,964 shares of the industrial products company’s stock valued at $227,000 after acquiring an additional 142 shares during the period. Moran Wealth Management LLC boosted its position in Casella Waste Systems by 2.5% during the second quarter. Moran Wealth Management LLC now owns 5,894 shares of the industrial products company’s stock valued at $680,000 after purchasing an additional 145 shares in the last quarter. Cetera Trust Company N.A grew its stake in Casella Waste Systems by 4.9% in the second quarter. Cetera Trust Company N.A now owns 3,315 shares of the industrial products company’s stock valued at $382,000 after purchasing an additional 155 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in Casella Waste Systems by 5.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 3,115 shares of the industrial products company’s stock valued at $359,000 after purchasing an additional 158 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Casella Waste Systems by 325.5% in the second quarter. Caitong International Asset Management Co. Ltd now owns 217 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 166 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 analysts have recently weighed in on the stock. 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 report on Monday, November 3rd. Raymond James Financial reissued a “strong-buy” rating and set a $120.00 target price on shares of Casella Waste Systems in a research report on Monday, November 3rd. Barclays set a $95.00 price target on shares of Casella Waste Systems and gave the stock an “equal weight” rating in a report on Monday, November 3rd. UBS Group upped their price target on Casella Waste Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, Jefferies Financial Group set a $120.00 price objective on Casella Waste Systems and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $114.33.

Casella Waste Systems Price Performance

Shares of CWST opened at $102.52 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.51 and a quick ratio of 1.43. The company’s fifty day moving average price is $101.71 and its 200-day moving average price is $96.45. Casella Waste Systems, Inc. has a 1-year low of $82.22 and a 1-year high of $121.24. The firm has a market capitalization of $6.51 billion, a PE ratio of 427.18 and a beta of 0.79.

About Casella Waste Systems

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.