58,168 Shares in Casella Waste Systems, Inc. $CWST Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in Casella Waste Systems, Inc. (NASDAQ:CWST) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 58,168 shares of the industrial products company’s stock, valued at approximately $5,519,000. Y Intercept Hong Kong Ltd owned about 0.09% of Casella Waste Systems as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in shares of Casella Waste Systems in the second quarter worth $25,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Casella Waste Systems by 325.5% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 217 shares of the industrial products company’s stock worth $25,000 after buying an additional 166 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Casella Waste Systems by 301.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after buying an additional 184 shares during the last quarter. First Horizon Corp bought a new position in shares of Casella Waste Systems in the 3rd quarter valued at about $31,000. Finally, AlphaQuest LLC acquired a new stake in shares of Casella Waste Systems in the second quarter valued at about $33,000. 99.51% of the stock is owned by institutional investors.

Casella Waste Systems Stock Performance

Shares of CWST stock opened at $105.81 on Friday. Casella Waste Systems, Inc. has a 52 week low of $82.22 and a 52 week high of $121.24. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 440.89 and a beta of 0.80. The company has a 50-day simple moving average of $99.05 and a 200 day simple moving average of $96.90. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.43 and a current ratio of 1.51.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.09. Casella Waste Systems had a net margin of 0.85% and a return on equity of 5.63%. The firm had revenue of $485.35 million during the quarter, compared to the consensus estimate of $477.24 million. During the same period last year, the business posted $0.27 earnings per share. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. On average, sell-side analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Zacks Research raised Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Jefferies Financial Group set a $120.00 price objective on Casella Waste Systems and gave the company a “buy” rating in a report on Tuesday, January 6th. UBS Group raised their target price on shares of Casella Waste Systems from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. The Goldman Sachs Group lowered their price objective on shares of Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, Stifel Nicolaus assumed coverage on Casella Waste Systems in a research report on Monday, September 29th. They set a “buy” rating and a $113.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $114.33.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.