Capital International Inc. CA Invests $1.84 Million in Casella Waste Systems, Inc. (NASDAQ:CWST)

Capital International Inc. CA purchased a new stake in Casella Waste Systems, Inc. (NASDAQ:CWST) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 17,405 shares of the industrial products company’s stock, valued at approximately $1,842,000.

Several other institutional investors have also made changes to their positions in the stock. Mather Group LLC. raised its holdings 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 valued at $27,000 after acquiring an additional 241 shares in the last quarter. Covestor Ltd raised its stake in Casella Waste Systems by 124.4% in the fourth quarter. Covestor Ltd now owns 276 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 153 shares in the last quarter. Jones Financial Companies Lllp lifted its position in 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 period. Huntington National Bank grew its stake in Casella Waste Systems by 171.6% during the fourth quarter. Huntington National Bank now owns 364 shares of the industrial products company’s stock worth $39,000 after buying an additional 230 shares in the last quarter. Finally, Eagle Bay Advisors LLC bought a new position in Casella Waste Systems in the 4th quarter valued at about $58,000. 99.51% of the stock is currently owned by institutional investors.

Casella Waste Systems Price Performance

Shares of CWST opened at $118.30 on Monday. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. The stock has a market cap of $7.50 billion, a PE ratio of 514.35, a PEG ratio of 3.86 and a beta of 0.96. Casella Waste Systems, Inc. has a 12-month low of $86.41 and a 12-month high of $120.69. The business has a 50-day simple moving average of $111.30 and a two-hundred day simple moving average of $108.29.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.25. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. Analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Insider Transactions at Casella Waste Systems

In related news, SVP Paul Ligon sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $118.67, for a total value of $237,340.00. Following the sale, the senior vice president now directly owns 20,347 shares in the company, valued at $2,414,578.49. This represents a 8.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.24% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CWST. Stifel Nicolaus upped their price target on shares of Casella Waste Systems from $127.00 to $129.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Jefferies Financial Group cut Casella Waste Systems from a “buy” rating to a “hold” rating and cut their target price for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. UBS Group boosted their price target on Casella Waste Systems from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, April 11th. Raymond James reaffirmed a “strong-buy” rating on shares of Casella Waste Systems in a research note on Wednesday. Finally, William Blair reissued an “outperform” rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.67.

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.