Moors & Cabot Inc. Buys Shares of 2,364 Casella Waste Systems, Inc. (NASDAQ:CWST)

Moors & Cabot Inc. bought a new stake in Casella Waste Systems, Inc. (NASDAQ:CWST) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,364 shares of the industrial products company’s stock, valued at approximately $250,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Wasatch Advisors LP boosted its holdings in Casella Waste Systems by 0.3% in the 3rd quarter. Wasatch Advisors LP now owns 1,739,222 shares of the industrial products company’s stock valued at $173,035,000 after purchasing an additional 4,462 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Casella Waste Systems by 50.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company’s stock valued at $144,704,000 after purchasing an additional 487,661 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Casella Waste Systems by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,430,958 shares of the industrial products company’s stock valued at $142,393,000 after purchasing an additional 109,288 shares during the last quarter. State Street Corp boosted its holdings in 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 during the last quarter. Finally, Westfield Capital Management Co. LP boosted its holdings in Casella Waste Systems by 4.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 950,484 shares of the industrial products company’s stock valued at $94,564,000 after purchasing an additional 39,666 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CWST shares. Jefferies Financial Group lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. Stifel Nicolaus upped their price objective 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. Finally, William Blair restated an “outperform” rating on shares of Casella Waste Systems in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.75.

Casella Waste Systems Price Performance

Shares of CWST opened at $107.50 on Monday. Casella Waste Systems, Inc. has a fifty-two week low of $86.41 and a fifty-two week high of $116.31. The firm’s 50 day moving average price is $109.39 and its 200 day moving average price is $106.65. The company has a market cap of $6.81 billion, a P/E ratio of 467.39, a PEG ratio of 3.86 and a beta of 1.05. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70.

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