Natixis Advisors LLC Decreases Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Natixis Advisors LLC decreased its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 1.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 46,890 shares of the industrial products company’s stock after selling 668 shares during the period. Natixis Advisors LLC’s holdings in Casella Waste Systems were worth $4,961,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pathstone Holdings LLC grew its position in shares of Casella Waste Systems by 4.2% during the 3rd quarter. Pathstone Holdings LLC now owns 51,589 shares of the industrial products company’s stock valued at $5,133,000 after acquiring an additional 2,057 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Casella Waste Systems by 7.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,661 shares of the industrial products company’s stock valued at $961,000 after acquiring an additional 695 shares during the period. Moran Wealth Management LLC grew its position in shares of Casella Waste Systems by 37.6% during the 3rd quarter. Moran Wealth Management LLC now owns 5,412 shares of the industrial products company’s stock valued at $538,000 after acquiring an additional 1,478 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Casella Waste Systems by 9.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 246,519 shares of the industrial products company’s stock valued at $24,526,000 after acquiring an additional 20,270 shares during the period. Finally, Intech Investment Management LLC bought a new position in shares of Casella Waste Systems during the 3rd quarter valued at approximately $1,635,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Analyst Upgrades and Downgrades

CWST has been the subject of a number of research reports. Stifel Nicolaus increased their target price on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. William Blair reaffirmed an “outperform” rating on shares of Casella Waste Systems in a report on Friday, February 14th. Finally, Jefferies Financial Group downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating and cut their price objective for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $117.75.

Casella Waste Systems Stock Down 0.3 %

CWST opened at $110.46 on Friday. The company has a 50 day moving average of $109.71 and a 200 day moving average of $106.75. The company has a market cap of $7.00 billion, a PE ratio of 480.26, a price-to-earnings-growth ratio of 3.86 and a beta of 1.05. Casella Waste Systems, Inc. has a 12 month low of $86.41 and a 12 month high of $116.31. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. On average, sell-side analysts expect that Casella Waste Systems, Inc. will post 1.16 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.