TimesSquare Capital Management LLC Grows Stock Position in Casella Waste Systems, Inc. $CWST

TimesSquare Capital Management LLC increased its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 21.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 609,175 shares of the industrial products company’s stock after purchasing an additional 108,146 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Casella Waste Systems were worth $57,799,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its position in shares of Casella Waste Systems by 325.5% in the second quarter. Caitong International Asset Management Co. Ltd now owns 217 shares of the industrial products company’s stock valued at $25,000 after buying an additional 166 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Casella Waste Systems by 180.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 191 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Casella Waste Systems by 301.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 184 shares during the last quarter. First Horizon Corp purchased a new position in Casella Waste Systems in the 3rd quarter worth approximately $31,000. Finally, AlphaQuest LLC acquired a new position in shares of Casella Waste Systems during the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Trading Up 1.2%

CWST opened at $103.72 on Friday. Casella Waste Systems, Inc. has a 52 week low of $82.22 and a 52 week high of $121.24. 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 business has a fifty day simple moving average of $101.89 and a 200-day simple moving average of $96.31. The firm has a market cap of $6.59 billion, a P/E ratio of 432.18 and a beta of 0.79.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. The Goldman Sachs Group reduced their price objective on Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Barclays set a $95.00 target price on Casella Waste Systems and gave the stock an “equal weight” rating in a research note on Monday, November 3rd. Zacks Research raised shares of Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Raymond James Financial reissued a “strong-buy” rating and issued a $120.00 price objective on shares of Casella Waste Systems in a report on Monday, November 3rd. Finally, Jefferies Financial Group set a $120.00 target price on shares of Casella Waste Systems and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $114.33.

Casella Waste Systems Profile

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.