KLP Kapitalforvaltning AS Takes Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

KLP Kapitalforvaltning AS bought a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,000 shares of the industrial products company’s stock, valued at approximately $1,693,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. lifted its position in Casella Waste Systems by 1,606.7% during the 4th quarter. Mather Group LLC. now owns 256 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 241 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Casella Waste Systems by 156.5% during the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 194 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Casella Waste Systems during the fourth quarter worth approximately $58,000. Harbor Investment Advisory LLC lifted its holdings 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 purchasing an additional 185 shares during the period. Finally, Signaturefd LLC grew its position in Casella Waste Systems by 16.4% in the 4th quarter. Signaturefd LLC now owns 802 shares of the industrial products company’s stock valued at $85,000 after buying an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Analyst Upgrades and Downgrades

CWST has been the subject of a number of analyst reports. Jefferies Financial Group downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating and cut their price objective for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. William Blair reissued an “outperform” rating on shares of Casella Waste Systems in a report on Friday, February 14th. Finally, 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. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Casella Waste Systems presently has an average rating of “Moderate Buy” and a consensus target price of $117.75.

Casella Waste Systems Price Performance

Shares of NASDAQ CWST opened at $110.70 on Friday. The company’s fifty day moving average is $109.73 and its two-hundred day moving average is $106.97. 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 capitalization of $7.01 billion, a P/E ratio of 481.30, a PEG 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.

Casella Waste Systems (NASDAQ:CWST) last released 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%. Analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS 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.