Geneva Capital Management LLC Increases Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Geneva Capital Management LLC grew its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 0.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,040,619 shares of the industrial products company’s stock after purchasing an additional 4,324 shares during the quarter. Casella Waste Systems makes up approximately 1.7% of Geneva Capital Management LLC’s holdings, making the stock its 16th biggest position. Geneva Capital Management LLC’s holdings in Casella Waste Systems were worth $103,531,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors grew its position in Casella Waste Systems by 277.1% during the first quarter. Capital Research Global Investors now owns 723,405 shares of the industrial products company’s stock valued at $71,523,000 after buying an additional 531,573 shares during the period. F M Investments LLC bought a new stake in shares of Casella Waste Systems during the 2nd quarter valued at $11,093,000. Conestoga Capital Advisors LLC increased its stake in shares of Casella Waste Systems by 3.1% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 3,386,970 shares of the industrial products company’s stock worth $336,055,000 after purchasing an additional 101,995 shares in the last quarter. Seven Grand Managers LLC bought a new position in Casella Waste Systems in the 3rd quarter worth $9,999,000. Finally, Westfield Capital Management Co. LP raised its holdings in Casella Waste Systems by 12.8% in the 1st quarter. Westfield Capital Management Co. LP now owns 848,012 shares of the industrial products company’s stock worth $83,843,000 after purchasing an additional 96,459 shares during the period. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at Casella Waste Systems

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $106.81, for a total value of $184,781.30. Following the sale, the senior vice president now owns 21,085 shares in the company, valued at $2,252,088.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.24% of the stock is currently owned by corporate insiders.

Casella Waste Systems Price Performance

Shares of NASDAQ:CWST traded up $0.38 during trading on Tuesday, hitting $107.89. 77,686 shares of the company’s stock were exchanged, compared to its average volume of 314,679. The business’s 50-day simple moving average is $102.33 and its 200 day simple moving average is $101.05. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 895.92, a PEG ratio of 6.32 and a beta of 0.99. Casella Waste Systems, Inc. has a 52-week low of $77.96 and a 52-week high of $109.19. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.55 and a quick ratio of 2.48.

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

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.