Oppenheimer Asset Management Inc. Purchases 9,618 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Oppenheimer Asset Management Inc. lifted its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 13.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 80,357 shares of the industrial products company’s stock after buying an additional 9,618 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Casella Waste Systems were worth $8,503,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Mather Group LLC. boosted its stake in Casella Waste Systems by 1,606.7% in the 4th 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. Eagle Bay Advisors LLC purchased a new position in shares of Casella Waste Systems in 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 acquiring an additional 185 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in 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 valued at $158,000 after acquiring an additional 611 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in Casella Waste Systems during the fourth quarter valued at $201,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Stock Down 1.0 %

Shares of NASDAQ:CWST opened at $107.92 on Friday. The company has a 50-day moving average price of $108.49 and a 200 day moving average price of $106.29. 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, Inc. has a 12 month low of $86.41 and a 12 month high of $116.31. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 469.22, a PEG ratio of 3.86 and a beta of 1.04.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.25. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. As a group, equities research analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Wall Street Analyst Weigh In

CWST has been the subject of a number of research analyst reports. William Blair restated an “outperform” rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft dropped their price target on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus lifted their price objective 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. Finally, Jefferies Financial Group downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and lowered their target price for the company from $115.00 to $113.00 in a research 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, Casella Waste Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.75.

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.