SouthState Corp Sells 555 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

SouthState Corp reduced its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 55.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 445 shares of the industrial products company’s stock after selling 555 shares during the period. SouthState Corp’s holdings in Casella Waste Systems were worth $47,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Mather Group LLC. boosted its position in shares of Casella Waste Systems by 1,606.7% in the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 241 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Casella Waste Systems by 156.5% in the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 194 shares during the period. Eagle Bay Advisors LLC bought a new position in shares of Casella Waste Systems in the fourth quarter worth approximately $58,000. Harbor Investment Advisory LLC boosted its position in shares of Casella Waste Systems by 30.2% in the fourth quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 185 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Casella Waste Systems by 69.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the industrial products company’s stock worth $158,000 after purchasing an additional 611 shares during the period. 99.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Casella Waste Systems Price Performance

Casella Waste Systems stock opened at $107.53 on Wednesday. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 467.52, a PEG ratio of 3.86 and a beta of 1.05. The firm’s fifty day moving average is $109.50 and its 200 day moving average is $106.67. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. Casella Waste Systems, Inc. has a 52-week low of $86.41 and a 52-week high of $116.31.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results 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 net margin of 0.87% and a return on equity of 4.15%. Sell-side analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal 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.