Harbor Capital Advisors Inc. Boosts Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Harbor Capital Advisors Inc. boosted its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 108.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,129 shares of the industrial products company’s stock after acquiring an additional 34,340 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.11% of Casella Waste Systems worth $6,579,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. lifted its stake in shares of Casella Waste Systems by 1.8% in the second quarter. Principal Financial Group Inc. now owns 7,730 shares of the industrial products company’s stock valued at $767,000 after purchasing an additional 135 shares during the period. GAMMA Investing LLC lifted its position in shares of Casella Waste Systems by 76.4% during the 2nd quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 139 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Casella Waste Systems by 1.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,286 shares of the industrial products company’s stock worth $1,610,000 after acquiring an additional 160 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Casella Waste Systems by 1.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,436 shares of the industrial products company’s stock worth $1,035,000 after acquiring an additional 183 shares during the period. Finally, Lindenwold Advisors INC increased its stake in Casella Waste Systems by 4.4% in the 1st quarter. Lindenwold Advisors INC now owns 4,671 shares of the industrial products company’s stock valued at $462,000 after purchasing an additional 195 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Trading Up 1.5 %

Shares of CWST stock opened at $99.34 on Friday. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 827.83, a PEG ratio of 7.80 and a beta of 0.99. The company has a current ratio of 1.58, a quick ratio of 1.51 and a debt-to-equity ratio of 0.94. The firm has a 50-day moving average price of $102.61 and a 200 day moving average price of $100.50. Casella Waste Systems, Inc. has a twelve month low of $74.00 and a twelve month high of $109.08.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.42%. The firm had revenue of $411.63 million during the quarter, compared to analyst estimates of $412.59 million. During the same period in the prior year, the firm earned $0.35 EPS. The business’s quarterly revenue was up 16.7% on a year-over-year basis. Research analysts forecast that Casella Waste Systems, Inc. will post 0.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on CWST. Stifel Nicolaus reiterated a “buy” rating and set a $117.00 target price (up from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Raymond James increased their price objective on shares of Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 19th. William Blair started coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They set an “outperform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a report on Friday. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.50.

About Casella Waste Systems

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.