Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by Catawba River Capital

Catawba River Capital trimmed its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 0.3% in the fourth quarter, HoldingsChannel reports. The firm owned 81,269 shares of the industrial products company’s stock after selling 253 shares during the period. Casella Waste Systems makes up 5.1% of Catawba River Capital’s portfolio, making the stock its 7th biggest position. Catawba River Capital’s holdings in Casella Waste Systems were worth $8,599,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Zimmer Partners LP bought a new position in shares of Casella Waste Systems in the third quarter valued at about $50,854,000. Wellington Management Group LLP increased its stake in shares of Casella Waste Systems by 50.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company’s stock valued at $144,704,000 after buying an additional 487,661 shares during the period. Maven Securities LTD acquired a new position in shares of Casella Waste Systems during the third quarter valued at $19,898,000. Loomis Sayles & Co. L P increased its position in Casella Waste Systems by 21.8% in the third quarter. Loomis Sayles & Co. L P now owns 848,976 shares of the industrial products company’s stock worth $84,465,000 after purchasing an additional 151,744 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Casella Waste Systems in the 3rd quarter valued at about $14,924,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on Casella Waste Systems from $117.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group lowered Casella Waste Systems from a “buy” rating to a “hold” rating and decreased their target price for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft cut their price target 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. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $113.80.

Casella Waste Systems Stock Up 0.5 %

NASDAQ:CWST opened at $108.52 on Tuesday. The company has a market cap of $6.87 billion, a PE ratio of 904.33, a PEG ratio of 3.89 and a beta of 1.04. The stock has a 50-day simple moving average of $107.92 and a 200 day simple moving average of $105.59. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55. Casella Waste Systems, Inc. has a 52-week low of $84.45 and a 52-week high of $114.88.

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.