William Blair Investment Management LLC Has $171.72 Million Holdings in Casella Waste Systems, Inc. $CWST

William Blair Investment Management LLC grew its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,809,867 shares of the industrial products company’s stock after purchasing an additional 9,712 shares during the quarter. William Blair Investment Management LLC owned about 2.85% of Casella Waste Systems worth $171,720,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CWST. Wasatch Advisors LP raised its stake in Casella Waste Systems by 14.4% during the second quarter. Wasatch Advisors LP now owns 3,412,123 shares of the industrial products company’s stock worth $393,691,000 after buying an additional 428,909 shares during the last quarter. Conestoga Capital Advisors LLC grew its holdings in Casella Waste Systems by 7.3% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,876,061 shares of the industrial products company’s stock worth $272,881,000 after acquiring an additional 195,947 shares during the period. Invesco Ltd. lifted its stake in shares of Casella Waste Systems by 20.0% in the 2nd quarter. Invesco Ltd. now owns 2,597,599 shares of the industrial products company’s stock valued at $299,711,000 after purchasing an additional 432,589 shares during the period. Westfield Capital Management Co. LP boosted its position in shares of Casella Waste Systems by 6.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,647,907 shares of the industrial products company’s stock valued at $156,353,000 after purchasing an additional 95,600 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Casella Waste Systems by 0.8% during the second quarter. Geode Capital Management LLC now owns 1,500,083 shares of the industrial products company’s stock worth $173,101,000 after purchasing an additional 12,016 shares during the period. 99.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CWST shares. Zacks Research raised Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. UBS Group increased their target price on shares of Casella Waste Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. The Goldman Sachs Group decreased their price target on shares of Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Jefferies Financial Group set a $120.00 price objective on shares of Casella Waste Systems and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Barclays boosted their target price on Casella Waste Systems from $95.00 to $101.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $114.22.

Casella Waste Systems Stock Up 1.1%

Casella Waste Systems stock opened at $93.16 on Friday. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 776.40 and a beta of 0.79. The firm’s fifty day moving average price is $101.39 and its two-hundred day moving average price is $95.93. Casella Waste Systems, Inc. has a 1-year low of $82.22 and a 1-year high of $121.24. The company has a current ratio of 1.26, a quick ratio of 1.43 and a debt-to-equity ratio of 0.72.

Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Thursday, February 19th. The industrial products company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. The company had revenue of $469.06 million for the quarter, compared to analyst estimates of $471.32 million. Casella Waste Systems had a net margin of 0.43% and a return on equity of 5.17%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 EPS. On average, equities research analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

About Casella Waste Systems

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.