Pictet Asset Management Holding SA Raises Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Pictet Asset Management Holding SA boosted its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 19.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,733 shares of the industrial products company’s stock after purchasing an additional 1,408 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Casella Waste Systems were worth $924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Mather Group LLC. grew its position in Casella Waste Systems by 1,606.7% in the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 241 shares in the last quarter. Jones Financial Companies Lllp lifted its stake 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 last quarter. Eagle Bay Advisors LLC bought a new position in shares of Casella Waste Systems during the 4th quarter valued at about $58,000. Harbor Investment Advisory LLC raised its holdings in shares of Casella Waste Systems by 30.2% during the 4th quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company’s stock valued at $84,000 after buying an additional 185 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Casella Waste Systems by 16.4% during the 4th quarter. Signaturefd LLC now owns 802 shares of the industrial products company’s stock valued at $85,000 after buying an additional 113 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CWST. Stifel Nicolaus increased their price target on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Finally, Jefferies Financial Group downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating and lowered their price target for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $117.75.

Casella Waste Systems Stock Performance

Shares of CWST stock opened at $108.57 on Monday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00. Casella Waste Systems, Inc. has a fifty-two week low of $86.41 and a fifty-two week high of $116.31. The company has a market capitalization of $6.88 billion, a P/E ratio of 472.04, a PEG ratio of 3.86 and a beta of 0.96. The stock has a 50 day moving average price of $110.14 and a two-hundred day moving average price of $107.22.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, beating 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%. Analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

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.