Victory Capital Management Inc. Acquires 1,415 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Victory Capital Management Inc. raised its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 3.1% in the 4th quarter, HoldingsChannel reports. The firm owned 47,396 shares of the industrial products company’s stock after purchasing an additional 1,415 shares during the quarter. Victory Capital Management Inc.’s holdings in Casella Waste Systems were worth $5,015,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CWST. Amalgamated Bank raised its position in Casella Waste Systems by 6.4% in the 3rd quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock valued at $210,000 after purchasing an additional 126 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Casella Waste Systems by 1.4% during the third quarter. Thrivent Financial for Lutherans now owns 195,861 shares of the industrial products company’s stock worth $19,486,000 after acquiring an additional 2,636 shares during the last quarter. LMR Partners LLP bought a new stake in shares of Casella Waste Systems during the third quarter worth $2,414,000. Pathstone Holdings LLC raised its position in shares of Casella Waste Systems by 4.2% during the third quarter. Pathstone Holdings LLC now owns 51,589 shares of the industrial products company’s stock worth $5,133,000 after acquiring an additional 2,057 shares during the last quarter. Finally, OneAscent Financial Services LLC bought a new stake in shares of Casella Waste Systems during the third quarter worth $301,000. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Trading Up 1.2 %

NASDAQ CWST opened at $107.50 on Friday. The stock has a 50-day simple moving average of $109.39 and a 200 day simple moving average of $106.66. The company has a market capitalization of $6.81 billion, a PE ratio of 467.39, a P/E/G ratio of 3.86 and a beta of 1.05. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70. Casella Waste Systems, Inc. has a 12 month low of $86.41 and a 12 month 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, beating analysts’ consensus estimates of $0.16 by $0.25. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. Research analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Wall Street Analyst Weigh In

CWST has been the subject of a number of recent research reports. William Blair restated an “outperform” rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Jefferies Financial Group downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and dropped their target price for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. Finally, Stifel Nicolaus boosted their target price on Casella Waste Systems from $127.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Two investment 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $117.75.

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.