Toronto Dominion Bank Purchases 3,480 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Toronto Dominion Bank lifted its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 87,000.0% during the 2nd quarter, Holdings Channel reports. The firm owned 3,484 shares of the industrial products company’s stock after acquiring an additional 3,480 shares during the period. Toronto Dominion Bank’s holdings in Casella Waste Systems were worth $146,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Eaton Vance Management bought a new position in shares of Casella Waste Systems in the first quarter worth approximately $20,880,000. HRT Financial LP bought a new position in shares of Casella Waste Systems in the first quarter worth approximately $1,315,000. Geode Capital Management LLC grew its holdings in shares of Casella Waste Systems by 9.3% in the first quarter. Geode Capital Management LLC now owns 807,294 shares of the industrial products company’s stock worth $51,319,000 after purchasing an additional 68,751 shares during the last quarter. Millennium Management LLC bought a new position in shares of Casella Waste Systems in the first quarter worth approximately $1,697,000. Finally, Federated Hermes Inc. grew its holdings in shares of Casella Waste Systems by 44,998.1% in the first quarter. Federated Hermes Inc. now owns 23,451 shares of the industrial products company’s stock worth $1,492,000 after purchasing an additional 23,399 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Shares of Casella Waste Systems stock opened at $79.66 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.77 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $4.09 billion, a P/E ratio of 42.83, a P/E/G ratio of 9.66 and a beta of 0.91. The business has a fifty day simple moving average of $71.44 and a two-hundred day simple moving average of $67.66. Casella Waste Systems, Inc. has a 12 month low of $53.43 and a 12 month high of $80.98.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Thursday, July 29th. The industrial products company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $215.88 million during the quarter, compared to analyst estimates of $210.00 million. Casella Waste Systems had a return on equity of 13.98% and a net margin of 11.65%. Analysts predict that Casella Waste Systems, Inc. will post 0.79 earnings per share for the current year.

Several analysts recently weighed in on CWST shares. Raymond James lifted their price target on shares of Casella Waste Systems from $77.00 to $79.00 and gave the company a “strong-buy” rating in a report on Monday, August 2nd. Zacks Investment Research upgraded shares of Casella Waste Systems from a “sell” rating to a “hold” rating in a report on Friday, July 23rd. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $69.83.

In other Casella Waste Systems news, CAO Christopher Heald sold 2,500 shares of the firm’s stock in a transaction on Monday, August 16th. The stock was sold at an average price of $69.37, for a total transaction of $173,425.00. Following the completion of the transaction, the chief accounting officer now owns 38,380 shares of the company’s stock, valued at $2,662,420.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas R. Casella sold 64,343 shares of Casella Waste Systems stock in a transaction dated Monday, August 9th. The stock was sold at an average price of $68.25, for a total value of $4,391,409.75. The disclosure for this sale can be found here. Insiders have sold 187,475 shares of company stock valued at $12,972,445 in the last three months. Insiders own 6.04% of the company’s stock.

Casella Waste Systems Profile

Casella Waste Systems, Inc engages in the provision of resource management and services to residential, commercial, municipal and industrial customers, in the areas of solid waste collection, transfer, disposal, recycling and organics services. It operates through the following segments: Eastern Region, Western Region, Recycling and Other segments.

Further Reading: Index Funds

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Institutional Ownership by Quarter for Casella Waste Systems (NASDAQ:CWST)

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