Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Bought by AMI Asset Management Corp

AMI Asset Management Corp raised its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 22.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 39,428 shares of the industrial products company’s stock after acquiring an additional 7,159 shares during the quarter. AMI Asset Management Corp’s holdings in Casella Waste Systems were worth $3,898,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Johnson Financial Group Inc. acquired a new stake in Casella Waste Systems in the 4th quarter worth about $28,000. Parallel Advisors LLC boosted its holdings in Casella Waste Systems by 232.0% in the 4th quarter. Parallel Advisors LLC now owns 332 shares of the industrial products company’s stock worth $28,000 after buying an additional 232 shares during the last quarter. Harbor Investment Advisory LLC boosted its holdings in Casella Waste Systems by 484.2% in the 4th quarter. Harbor Investment Advisory LLC now owns 444 shares of the industrial products company’s stock worth $38,000 after buying an additional 368 shares during the last quarter. Headlands Technologies LLC boosted its holdings in Casella Waste Systems by 124.3% in the 4th quarter. Headlands Technologies LLC now owns 758 shares of the industrial products company’s stock worth $65,000 after buying an additional 420 shares during the last quarter. Finally, Principal Securities Inc. acquired a new stake in Casella Waste Systems in the 4th quarter worth about $101,000. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on Casella Waste Systems in a report on Thursday, May 23rd. They issued a “hold” rating and a $106.00 price objective on the stock. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $100.40.

Casella Waste Systems Price Performance

CWST traded up $1.13 during trading on Thursday, reaching $97.99. The company’s stock had a trading volume of 85,090 shares, compared to its average volume of 280,626. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.96. The firm has a fifty day simple moving average of $96.99 and a two-hundred day simple moving average of $92.66. Casella Waste Systems, Inc. has a 1 year low of $72.97 and a 1 year high of $101.99. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 316.10, a PEG ratio of 6.13 and a beta of 0.98.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Friday, April 26th. The industrial products company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Casella Waste Systems had a net margin of 1.32% and a return on equity of 4.47%. The business had revenue of $341.00 million for the quarter, compared to analyst estimates of $340.70 million. During the same period last year, the company posted $0.10 EPS. The business’s revenue was up 29.9% on a year-over-year basis. As a group, analysts anticipate that Casella Waste Systems, Inc. will post 0.79 EPS for the current year.

Casella Waste Systems 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.