Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Purchased by Huntington National Bank

Huntington National Bank raised its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 171.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 364 shares of the industrial products company’s stock after acquiring an additional 230 shares during the quarter. Huntington National Bank’s holdings in Casella Waste Systems were worth $39,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Casella Waste Systems by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 6,110,529 shares of the industrial products company’s stock worth $646,555,000 after purchasing an additional 123,001 shares in the last quarter. Wellington Management Group LLP grew its holdings in Casella Waste Systems by 13.1% during the 4th quarter. Wellington Management Group LLP now owns 1,644,476 shares of the industrial products company’s stock worth $174,002,000 after acquiring an additional 190,023 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Casella Waste Systems by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,446,875 shares of the industrial products company’s stock valued at $153,129,000 after purchasing an additional 15,917 shares during the last quarter. State Street Corp raised its holdings in shares of Casella Waste Systems by 5.7% in the 3rd quarter. State Street Corp now owns 1,387,662 shares of the industrial products company’s stock valued at $138,058,000 after purchasing an additional 75,352 shares in the last quarter. Finally, Loomis Sayles & Co. L P lifted its position in shares of Casella Waste Systems by 2.6% during the 4th quarter. Loomis Sayles & Co. L P now owns 871,344 shares of the industrial products company’s stock worth $92,197,000 after purchasing an additional 22,368 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Analysts Set New Price Targets

CWST has been the topic of a number of analyst reports. Stifel Nicolaus raised their price target on Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Jefferies Financial Group downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and lowered their price target for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. Finally, William Blair restated 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 assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Casella Waste Systems currently has a consensus rating of “Moderate Buy” and an average price target of $117.75.

Casella Waste Systems Stock Performance

Shares of Casella Waste Systems stock opened at $104.03 on Tuesday. The firm’s fifty day simple moving average is $110.09 and its 200-day simple moving average is $107.24. Casella Waste Systems, Inc. has a 12 month low of $86.41 and a 12 month high of $116.31. The stock has a market capitalization of $6.59 billion, a price-to-earnings ratio of 452.30, a PEG ratio of 3.86 and a beta of 0.96. 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 earnings results on Wednesday, February 12th. The industrial products company reported $0.41 EPS 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%. As a group, equities 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.