William Blair Investment Management LLC Has $279.39 Million Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

William Blair Investment Management LLC decreased its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,640,498 shares of the industrial products company’s stock after selling 11,614 shares during the period. Casella Waste Systems makes up 0.7% of William Blair Investment Management LLC’s holdings, making the stock its 24th biggest holding. William Blair Investment Management LLC owned about 4.17% of Casella Waste Systems worth $279,391,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. raised its holdings in shares of Casella Waste Systems by 1,606.7% during the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 241 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Casella Waste Systems by 156.5% during the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 194 shares during the period. Eagle Bay Advisors LLC acquired a new position in shares of Casella Waste Systems during the fourth quarter valued at about $58,000. Harbor Investment Advisory LLC raised its holdings in shares of Casella Waste Systems by 30.2% during the fourth quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 185 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of Casella Waste Systems by 16.4% during the fourth quarter. Signaturefd LLC now owns 802 shares of the industrial products company’s stock valued at $85,000 after purchasing an additional 113 shares during the period. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Trading Up 1.2 %

NASDAQ:CWST opened at $107.50 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.00 and a quick ratio of 2.48. The firm has a 50-day moving average of $109.39 and a 200-day moving average of $106.65. The company has a market cap of $6.81 billion, a PE ratio of 467.39, a PEG ratio of 3.86 and a beta of 1.05. Casella Waste Systems, Inc. has a one year low of $86.41 and a one year high of $116.31.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating and dropped their price objective for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. Stifel Nicolaus boosted their target price on shares of Casella Waste Systems from $127.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, William Blair reissued an “outperform” rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.