Wellington Management Group LLP Acquires 190,023 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Wellington Management Group LLP lifted its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 13.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,644,476 shares of the industrial products company’s stock after buying an additional 190,023 shares during the quarter. Wellington Management Group LLP’s holdings in Casella Waste Systems were worth $174,002,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CWST. Pictet Asset Management Holding SA grew its stake in shares of Casella Waste Systems by 19.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 8,733 shares of the industrial products company’s stock valued at $924,000 after buying an additional 1,408 shares during the last quarter. Norges Bank bought a new position in Casella Waste Systems during the 4th quarter worth approximately $43,785,000. Blair William & Co. IL increased its stake in Casella Waste Systems by 304.2% in the 4th quarter. Blair William & Co. IL now owns 30,196 shares of the industrial products company’s stock worth $3,195,000 after purchasing an additional 22,726 shares during the period. Loomis Sayles & Co. L P lifted its position in Casella Waste Systems by 2.6% in the fourth quarter. Loomis Sayles & Co. L P now owns 871,344 shares of the industrial products company’s stock valued at $92,197,000 after purchasing an additional 22,368 shares during the last quarter. Finally, Summitry LLC purchased a new stake in shares of Casella Waste Systems during the fourth quarter valued at approximately $234,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Stock Up 1.4 %

Shares of NASDAQ CWST opened at $114.29 on Thursday. The firm has a fifty day simple moving average of $109.89 and a two-hundred day simple moving average of $107.12. 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. The firm has a market capitalization of $7.24 billion, a PE ratio of 496.91, a price-to-earnings-growth ratio of 3.86 and a beta of 1.05.

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, 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%. Equities analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Analysts Set New Price Targets

CWST has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating and lowered their price target for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. William Blair reaffirmed an “outperform” rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Finally, Stifel Nicolaus raised their target price on 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 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.75.

About Casella Waste Systems

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.