Handelsbanken Fonder AB Acquires 2,100 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Handelsbanken Fonder AB raised its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 14.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,400 shares of the industrial products company’s stock after acquiring an additional 2,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in Casella Waste Systems were worth $1,735,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CWST. Mather Group LLC. boosted its position 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 worth $27,000 after purchasing an additional 241 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in shares of Casella Waste Systems during the fourth quarter worth $58,000. Harbor Investment Advisory LLC boosted its position 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 worth $84,000 after purchasing an additional 185 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Casella Waste Systems by 69.1% during 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 in the last quarter. Finally, Empowered Funds LLC bought a new position in shares of Casella Waste Systems during the fourth quarter worth $201,000. 99.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CWST has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Stifel Nicolaus boosted their price objective 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. Jefferies Financial Group cut shares of Casella Waste Systems from a “buy” rating to a “hold” rating and cut their price objective for the company from $115.00 to $113.00 in a research report on Thursday, January 23rd. Finally, William Blair reaffirmed 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 assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Casella Waste Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.75.

Casella Waste Systems Stock Down 0.8 %

Shares of CWST opened at $111.14 on Wednesday. Casella Waste Systems, Inc. has a 52 week low of $86.41 and a 52 week high of $116.31. The firm has a market cap of $7.04 billion, a P/E ratio of 483.22, a price-to-earnings-growth ratio of 3.86 and a beta of 1.04. The firm’s 50-day simple moving average is $108.38 and its 200 day simple moving average is $106.26. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.41 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%. On average, analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share 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.