Virtu Financial LLC Grows Stock Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Virtu Financial LLC boosted its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 85.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,393 shares of the industrial products company’s stock after buying an additional 2,029 shares during the quarter. Virtu Financial LLC’s holdings in Casella Waste Systems were worth $434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. New Covenant Trust Company N.A. purchased a new stake in Casella Waste Systems in the first quarter worth $26,000. Johnson Financial Group Inc. bought a new position in shares of Casella Waste Systems in the fourth quarter worth $28,000. Parallel Advisors LLC boosted its holdings in shares of Casella Waste Systems by 232.0% in the fourth quarter. Parallel Advisors LLC now owns 332 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 232 shares during the period. Harbor Investment Advisory LLC boosted its holdings in shares of Casella Waste Systems by 484.2% in the fourth quarter. Harbor Investment Advisory LLC now owns 444 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 368 shares during the period. Finally, Whittier Trust Co. bought a new position in shares of Casella Waste Systems in the first quarter worth $41,000. 99.51% of the stock is owned by hedge funds and other institutional investors.

Casella Waste Systems Price Performance

NASDAQ:CWST opened at $105.46 on Friday. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 340.19, a P/E/G ratio of 6.47 and a beta of 0.98. Casella Waste Systems, Inc. has a 52-week low of $72.97 and a 52-week high of $108.59. The stock has a fifty day moving average of $100.38 and a 200 day moving average of $95.42. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.50 and a current ratio of 1.58.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.06). Casella Waste Systems had a return on equity of 3.84% and a net margin of 1.35%. The firm had revenue of $377.20 million for the quarter, compared to the consensus estimate of $373.87 million. During the same period last year, the firm earned $0.36 EPS. The company’s revenue for the quarter was up 30.2% on a year-over-year basis. On average, research analysts expect that Casella Waste Systems, Inc. will post 0.79 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft started coverage on Casella Waste Systems in a report on Thursday, May 23rd. They issued a “hold” rating and a $106.00 price target for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Casella Waste Systems has an average rating of “Moderate Buy” and an average price target of $100.50.

Casella Waste Systems Company 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.