Advantage Alpha Capital Partners LP Boosts Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Advantage Alpha Capital Partners LP increased its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 29.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,735 shares of the industrial products company’s stock after purchasing an additional 12,082 shares during the period. Casella Waste Systems accounts for 1.3% of Advantage Alpha Capital Partners LP’s investment portfolio, making the stock its 25th biggest position. Advantage Alpha Capital Partners LP’s holdings in Casella Waste Systems were worth $5,580,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CWST. Vanguard Group Inc. raised its stake in Casella Waste Systems by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 6,110,529 shares of the industrial products company’s stock valued at $646,555,000 after buying an additional 123,001 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of Casella Waste Systems by 0.3% during the third quarter. Wasatch Advisors LP now owns 1,739,222 shares of the industrial products company’s stock worth $173,035,000 after buying an additional 4,462 shares during the period. Wellington Management Group LLP increased its holdings in shares of Casella Waste Systems by 50.4% during the third quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company’s stock valued at $144,704,000 after purchasing an additional 487,661 shares during the period. Geode Capital Management LLC lifted its stake in shares of Casella Waste Systems by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,430,958 shares of the industrial products company’s stock worth $142,393,000 after acquiring an additional 109,288 shares during the period. Finally, State Street Corp boosted its stake in Casella Waste Systems by 5.7% during the third quarter. State Street Corp now owns 1,387,662 shares of the industrial products company’s stock valued at $138,058,000 after buying an additional 75,352 shares in the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Jefferies Financial Group downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and reduced their target price for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. William Blair restated an “outperform” rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Finally, Stifel Nicolaus raised their price target on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $117.75.

Casella Waste Systems Price Performance

CWST opened at $110.46 on Monday. The company’s 50 day simple moving average is $109.71 and its 200-day simple moving average is $106.77. The stock has a market capitalization of $7.00 billion, a P/E ratio of 480.26, a price-to-earnings-growth ratio of 3.86 and a beta of 1.05. Casella Waste Systems, Inc. has a one year low of $86.41 and a one year high of $116.31. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.00 and a quick ratio of 2.48.

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