Voya Investment Management LLC Grows Stake in Casella Waste Systems, Inc. $CWST

Voya Investment Management LLC boosted its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 72.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 536,376 shares of the industrial products company’s stock after acquiring an additional 224,691 shares during the quarter. Voya Investment Management LLC owned 0.84% of Casella Waste Systems worth $50,891,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Wasatch Advisors LP grew its stake in shares of Casella Waste Systems by 14.4% during the 2nd quarter. Wasatch Advisors LP now owns 3,412,123 shares of the industrial products company’s stock valued at $393,691,000 after purchasing an additional 428,909 shares during the period. Invesco Ltd. boosted its holdings in shares of Casella Waste Systems by 20.0% in the second quarter. Invesco Ltd. now owns 2,597,599 shares of the industrial products company’s stock worth $299,711,000 after buying an additional 432,589 shares during the last quarter. Westfield Capital Management Co. LP grew its position in Casella Waste Systems by 2.9% during the second quarter. Westfield Capital Management Co. LP now owns 1,552,307 shares of the industrial products company’s stock valued at $179,105,000 after buying an additional 44,464 shares during the period. Geode Capital Management LLC increased its holdings 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 valued at $173,101,000 after buying an additional 12,016 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Casella Waste Systems by 5.5% in the first quarter. Ameriprise Financial Inc. now owns 1,479,896 shares of the industrial products company’s stock worth $165,023,000 after acquiring an additional 77,574 shares during the period. Institutional investors own 99.51% of the company’s stock.

Analyst Upgrades and Downgrades

CWST has been the subject of a number of recent research reports. Raymond James Financial reissued a “strong-buy” rating and set a $120.00 price objective on shares of Casella Waste Systems in a research report on Monday, November 3rd. UBS Group boosted their price target on Casella Waste Systems from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Casella Waste Systems in a research note on Monday, December 15th. Stifel Nicolaus started coverage on Casella Waste Systems in a research report on Monday, September 29th. They set a “buy” rating and a $113.00 price objective on the stock. Finally, The Goldman Sachs Group reduced their target price on shares of Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating for the company in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Casella Waste Systems currently has a consensus rating of “Moderate Buy” and an average target price of $113.56.

Casella Waste Systems Price Performance

Shares of Casella Waste Systems stock opened at $98.49 on Friday. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 410.39 and a beta of 0.80. The company has a quick ratio of 1.43, a current ratio of 1.51 and a debt-to-equity ratio of 0.72. The stock’s 50-day simple moving average is $92.16 and its 200-day simple moving average is $99.37. Casella Waste Systems, Inc. has a 52 week low of $82.22 and a 52 week high of $121.24.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Thursday, October 30th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.09. Casella Waste Systems had a return on equity of 5.63% and a net margin of 0.85%.The company had revenue of $485.35 million for the quarter, compared to the consensus estimate of $477.24 million. During the same quarter last year, the company earned $0.27 EPS. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. As a group, analysts expect 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.