EntryPoint Capital LLC Purchases Shares of 5,052 Casella Waste Systems, Inc. (NASDAQ:CWST)

EntryPoint Capital LLC acquired a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 5,052 shares of the industrial products company’s stock, valued at approximately $535,000.

A number of other large investors have also made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its position in Casella Waste Systems by 7.8% in the third quarter. PNC Financial Services Group Inc. now owns 9,661 shares of the industrial products company’s stock worth $961,000 after purchasing an additional 695 shares during the period. Intech Investment Management LLC bought a new position in shares of Casella Waste Systems during the 3rd quarter worth about $1,635,000. Charles Schwab Investment Management Inc. boosted its position in shares of Casella Waste Systems by 8.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 593,585 shares of the industrial products company’s stock valued at $59,056,000 after acquiring an additional 47,165 shares in the last quarter. Citigroup Inc. increased its stake in Casella Waste Systems by 140.5% in the third quarter. Citigroup Inc. now owns 55,950 shares of the industrial products company’s stock valued at $5,566,000 after acquiring an additional 32,682 shares during the period. Finally, Cerity Partners LLC raised its position in Casella Waste Systems by 18.9% in the third quarter. Cerity Partners LLC now owns 9,295 shares of the industrial products company’s stock worth $925,000 after purchasing an additional 1,478 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Price Performance

Casella Waste Systems stock opened at $110.82 on Tuesday. The business’s fifty day moving average is $109.75 and its two-hundred day moving average is $106.82. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00. The firm has a market cap of $7.02 billion, a P/E ratio of 481.83, a P/E/G ratio of 3.86 and a beta of 1.05. Casella Waste Systems, Inc. has a 52 week low of $86.41 and a 52 week high of $116.31.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data 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 net margin of 0.87% and a return on equity of 4.15%. Equities research analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on CWST. Jefferies Financial Group downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and decreased their price objective for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. Stifel Nicolaus lifted their price objective on Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, William Blair reaffirmed an “outperform” rating on shares of Casella Waste Systems in a report on Friday, February 14th. Two investment 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’s stock. Based on data from MarketBeat, Casella Waste Systems has an average rating of “Moderate Buy” and an average price target 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.