Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Bought by Wasatch Advisors LP

Wasatch Advisors LP boosted its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 0.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,739,222 shares of the industrial products company’s stock after acquiring an additional 4,462 shares during the quarter. Wasatch Advisors LP owned about 2.75% of Casella Waste Systems worth $173,035,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Edgestream Partners L.P. acquired a new stake in Casella Waste Systems during the third quarter worth $2,154,000. Verition Fund Management LLC acquired a new stake in Casella Waste Systems during the third quarter worth $378,000. Captrust Financial Advisors increased its stake in Casella Waste Systems by 3.2% during the third quarter. Captrust Financial Advisors now owns 12,111 shares of the industrial products company’s stock worth $1,205,000 after acquiring an additional 377 shares during the last quarter. HBK Investments L P acquired a new stake in Casella Waste Systems during the third quarter worth $497,000. Finally, Public Sector Pension Investment Board acquired a new stake in Casella Waste Systems during the third quarter worth $12,245,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Analyst Ratings Changes

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

Casella Waste Systems Trading Up 0.8 %

NASDAQ:CWST opened at $113.21 on Friday. The firm has a market cap of $7.17 billion, a PE ratio of 943.42, a price-to-earnings-growth ratio of 6.65 and a beta of 0.99. The stock has a fifty day moving average price of $103.64 and a 200 day moving average price of $102.47. Casella Waste Systems, Inc. has a 12-month low of $79.47 and a 12-month high of $114.56. The company has a current ratio of 2.55, a quick ratio of 2.48 and a debt-to-equity ratio of 0.68.

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

Insider Activity at Casella Waste Systems

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $106.81, for a total transaction of $184,781.30. Following the completion of the sale, the senior vice president now directly owns 21,085 shares of the company’s stock, valued at $2,252,088.85. The trade was a 7.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.24% of the stock is currently owned by company insiders.

Casella Waste Systems Profile

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.