Bessemer Group Inc. Boosts Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Bessemer Group Inc. lifted its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 82.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,018 shares of the industrial products company’s stock after purchasing an additional 81,454 shares during the quarter. Bessemer Group Inc. owned 0.31% of Casella Waste Systems worth $17,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of CWST. Raymond James Financial Services Advisors Inc. raised its position in Casella Waste Systems by 1.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 32,008 shares of the industrial products company’s stock worth $2,735,000 after buying an additional 354 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in Casella Waste Systems in the 4th quarter worth about $208,000. Silverlake Wealth Management LLC purchased a new position in Casella Waste Systems in the 4th quarter worth about $203,000. Allworth Financial LP raised its position in Casella Waste Systems by 9.9% in the 4th quarter. Allworth Financial LP now owns 1,663 shares of the industrial products company’s stock worth $142,000 after buying an additional 150 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Casella Waste Systems by 4.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,772 shares of the industrial products company’s stock worth $2,202,000 after buying an additional 1,075 shares during the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on Casella Waste Systems in a research report on Thursday, May 23rd. They issued a “hold” rating and a $106.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $100.40.

Casella Waste Systems Stock Performance

Shares of NASDAQ:CWST traded down $1.79 during mid-day trading on Thursday, reaching $103.68. 42,745 shares of the company traded hands, compared to its average volume of 287,411. The company’s 50 day moving average price is $99.81 and its 200-day moving average price is $94.59. The firm has a market cap of $6.01 billion, a PE ratio of 340.23, a PEG ratio of 6.69 and a beta of 0.98. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.58 and a quick ratio of 1.50. Casella Waste Systems, Inc. has a 52 week low of $72.97 and a 52 week high of $108.59.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $341.00 million during the quarter, compared to the consensus estimate of $340.70 million. Casella Waste Systems had a return on equity of 4.47% and a net margin of 1.32%. The firm’s revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 EPS. On average, equities analysts expect that Casella Waste Systems, Inc. will post 0.79 EPS for the current fiscal year.

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.