American Century Companies Inc. Has $75.79 Million Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

American Century Companies Inc. grew its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 23.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 716,267 shares of the industrial products company’s stock after purchasing an additional 138,229 shares during the period. American Century Companies Inc.’s holdings in Casella Waste Systems were worth $75,788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CWST. Wealth Enhancement Advisory Services LLC lifted its stake in Casella Waste Systems by 87.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 78,549 shares of the industrial products company’s stock valued at $7,815,000 after purchasing an additional 36,573 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Casella Waste Systems by 8.3% during the third quarter. Geode Capital Management LLC now owns 1,430,958 shares of the industrial products company’s stock worth $142,393,000 after buying an additional 109,288 shares in the last quarter. Loomis Sayles & Co. L P lifted its stake in shares of Casella Waste Systems by 21.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 848,976 shares of the industrial products company’s stock valued at $84,465,000 after acquiring an additional 151,744 shares during the last quarter. HBK Investments L P acquired a new stake in shares of Casella Waste Systems during the 3rd quarter valued at $497,000. Finally, Charles Schwab Investment Management Inc. grew its position in Casella Waste Systems by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 607,954 shares of the industrial products company’s stock worth $64,328,000 after acquiring an additional 14,369 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CWST has been the subject of several research reports. Stifel Nicolaus increased their target price on 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 lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating and dropped their price objective for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. Finally, William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $117.75.

Casella Waste Systems Trading Up 0.3 %

Shares of CWST stock opened at $110.82 on Tuesday. Casella Waste Systems, Inc. has a 1-year low of $86.41 and a 1-year 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 stock has a market cap of $7.02 billion, a price-to-earnings ratio of 481.83, a PEG ratio of 3.86 and a beta of 1.05. The stock has a 50-day moving average of $109.75 and a 200-day moving average of $106.82.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share 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, equities research analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Casella Waste Systems Company 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.