Zurcher Kantonalbank Zurich Cantonalbank Grows Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 16.9% in the 4th quarter, HoldingsChannel reports. The fund owned 15,171 shares of the industrial products company’s stock after acquiring an additional 2,198 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Casella Waste Systems were worth $1,605,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CWST. Amalgamated Bank grew its position in Casella Waste Systems by 6.4% in the third quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock worth $210,000 after acquiring an additional 126 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Casella Waste Systems by 1.4% in 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 in the last quarter. LMR Partners LLP purchased a new position in Casella Waste Systems in the third quarter worth about $2,414,000. Pathstone Holdings LLC grew its position in Casella Waste Systems by 4.2% in 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 in the last quarter. Finally, OneAscent Financial Services LLC purchased a new position in Casella Waste Systems in the third quarter worth about $301,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Stock Up 1.8 %

Shares of NASDAQ:CWST opened at $109.43 on Tuesday. Casella Waste Systems, Inc. has a 1 year low of $86.41 and a 1 year high of $116.31. The business has a 50 day simple moving average of $109.46 and a two-hundred day simple moving average of $106.67. The firm has a market capitalization of $6.93 billion, a PE ratio of 475.78, a price-to-earnings-growth ratio of 3.86 and a beta of 1.05. 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 posted 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%. On average, equities analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CWST shares. Jefferies Financial Group lowered Casella Waste Systems from a “buy” rating to a “hold” rating and dropped their price target for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. William Blair restated an “outperform” rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Finally, Stifel Nicolaus boosted their target price on Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Casella Waste Systems presently has a consensus rating of “Moderate Buy” and an average 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.