Casella Waste Systems, Inc. $CWST Shares Purchased by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC increased its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 21.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 609,175 shares of the industrial products company’s stock after buying an additional 108,146 shares during the quarter. TimesSquare Capital Management LLC owned about 0.96% of Casella Waste Systems worth $57,799,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Liberty One Investment Management LLC increased its stake in shares of Casella Waste Systems by 7.8% in the second quarter. Liberty One Investment Management LLC now owns 1,964 shares of the industrial products company’s stock worth $227,000 after acquiring an additional 142 shares during the period. Cetera Trust Company N.A boosted its holdings in Casella Waste Systems by 4.9% in the second quarter. Cetera Trust Company N.A now owns 3,315 shares of the industrial products company’s stock valued at $382,000 after purchasing an additional 155 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in Casella Waste Systems by 5.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,115 shares of the industrial products company’s stock worth $359,000 after purchasing an additional 158 shares during the period. Caitong International Asset Management Co. Ltd raised 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 valued at $25,000 after buying an additional 166 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Casella Waste Systems by 301.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after buying an additional 184 shares during the period. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Casella Waste Systems Price Performance

Shares of NASDAQ CWST opened at $103.72 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.43 and a current ratio of 1.51. The firm has a fifty day moving average of $101.89 and a 200 day moving average of $96.31. The firm has a market cap of $6.59 billion, a PE ratio of 432.18 and a beta of 0.79. Casella Waste Systems, Inc. has a one year low of $82.22 and a one year high of $121.24.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CWST. Barclays set a $95.00 target price on Casella Waste Systems and gave the stock an “equal weight” rating in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Casella Waste Systems in a research note on Monday, December 29th. The Goldman Sachs Group dropped their price target on shares of Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $120.00 price objective on shares of Casella Waste Systems in a report on Monday, November 3rd. Finally, Jefferies Financial Group set a $120.00 target price on shares of Casella Waste Systems and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.