Westfield Capital Management Co. LP Has $94.56 Million Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Westfield Capital Management Co. LP grew its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 4.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 950,484 shares of the industrial products company’s stock after acquiring an additional 39,666 shares during the quarter. Westfield Capital Management Co. LP owned about 1.50% of Casella Waste Systems worth $94,564,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Amalgamated Bank raised its position in Casella Waste Systems by 6.4% in the 3rd quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock valued at $210,000 after buying an additional 126 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Casella Waste Systems by 1.8% in the second quarter. Principal Financial Group Inc. now owns 7,730 shares of the industrial products company’s stock valued at $767,000 after purchasing an additional 135 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Casella Waste Systems by 76.4% during the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 139 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Casella Waste Systems by 1.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 10,436 shares of the industrial products company’s stock valued at $1,035,000 after purchasing an additional 183 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in Casella Waste Systems by 3.6% during the second quarter. Crossmark Global Holdings Inc. now owns 5,607 shares of the industrial products company’s stock worth $556,000 after purchasing an additional 195 shares during the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems Trading Up 1.1 %

Shares of CWST stock opened at $112.56 on Friday. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68. The firm has a market cap of $7.13 billion, a P/E ratio of 938.00, a PEG ratio of 6.60 and a beta of 0.99. The company has a 50 day moving average of $102.99 and a 200-day moving average of $102.07. Casella Waste Systems, Inc. has a 12-month low of $79.16 and a 12-month high of $112.85.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. The business had revenue of $411.63 million during the quarter, compared to the consensus estimate of $412.59 million. During the same period last year, the business posted $0.35 earnings per share. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. Sell-side analysts anticipate that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Paul Ligon sold 1,730 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $106.81, for a total transaction of $184,781.30. Following the sale, the senior vice president now owns 21,085 shares of the company’s stock, valued at approximately $2,252,088.85. This represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Raymond James increased their price objective on shares of Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 19th. Deutsche Bank Aktiengesellschaft dropped their price target on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus reissued a “buy” rating and issued a $117.00 price objective (up previously from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Finally, William Blair began coverage on Casella Waste Systems in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Casella Waste Systems presently has an average rating of “Moderate Buy” and a consensus target price of $111.50.

About Casella Waste Systems

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.