Moran Wealth Management LLC Raises Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Moran Wealth Management LLC lifted its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,760 shares of the industrial products company’s stock after purchasing an additional 348 shares during the quarter. Moran Wealth Management LLC’s holdings in Casella Waste Systems were worth $609,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Amalgamated Bank lifted its position in Casella Waste Systems by 6.4% during the third quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock valued at $210,000 after purchasing an additional 126 shares during the last quarter. Verdence Capital Advisors LLC raised its position in shares of Casella Waste Systems by 9.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,932 shares of the industrial products company’s stock valued at $292,000 after buying an additional 265 shares in the last quarter. Versor Investments LP purchased a new stake in shares of Casella Waste Systems during the 3rd quarter valued at about $527,000. MQS Management LLC purchased a new position in Casella Waste Systems in the third quarter worth about $562,000. Finally, Thrivent Financial for Lutherans grew its position in Casella Waste Systems by 1.4% in the third quarter. Thrivent Financial for Lutherans now owns 195,861 shares of the industrial products company’s stock worth $19,486,000 after acquiring an additional 2,636 shares in the last quarter. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Stock Down 2.0 %

Shares of NASDAQ:CWST opened at $105.14 on Thursday. The firm has a market capitalization of $6.66 billion, a PE ratio of 457.13, a price-to-earnings-growth ratio of 3.86 and a beta of 1.05. The business has a 50 day simple moving average of $109.30 and a two-hundred day simple moving average of $106.65. Casella Waste Systems, Inc. has a 1 year low of $86.41 and a 1 year high of $116.31. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.00 and a quick ratio of 2.48.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.25. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. On average, equities analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CWST shares. William Blair restated an “outperform” rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Jefferies Financial Group lowered Casella Waste Systems from a “buy” rating to a “hold” rating and decreased their price target for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. Finally, Stifel Nicolaus lifted their price objective on shares of Casella Waste Systems from $127.00 to $129.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.75.

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.