Maven Securities LTD Purchases New Shares in Casella Waste Systems, Inc. (NASDAQ:CWST)

Maven Securities LTD acquired a new stake in Casella Waste Systems, Inc. (NASDAQ:CWST) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 200,000 shares of the industrial products company’s stock, valued at approximately $19,898,000. Casella Waste Systems accounts for approximately 0.4% of Maven Securities LTD’s investment portfolio, making the stock its 6th biggest position. Maven Securities LTD owned 0.32% of Casella Waste Systems as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in CWST. Opal Wealth Advisors LLC purchased a new position in shares of Casella Waste Systems in the second quarter valued at $29,000. GAMMA Investing LLC lifted its position in Casella Waste Systems by 76.4% in the 2nd quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock worth $32,000 after buying an additional 139 shares during the last quarter. Liberty One Investment Management LLC bought a new position in shares of Casella Waste Systems during the 2nd quarter valued at $167,000. Amalgamated Bank increased its holdings in shares of Casella Waste Systems by 6.4% in the third quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock worth $210,000 after buying an additional 126 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Casella Waste Systems by 12.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,743 shares of the industrial products company’s stock valued at $272,000 after purchasing an additional 311 shares during the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Insider Activity at Casella Waste Systems

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $106.81, for a total transaction of $184,781.30. Following the sale, the senior vice president now directly owns 21,085 shares in the company, valued at $2,252,088.85. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 4.24% of the stock is owned by corporate insiders.

Casella Waste Systems Price Performance

NASDAQ CWST opened at $113.93 on Wednesday. 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, Inc. has a 12 month low of $80.04 and a 12 month high of $114.64. The company’s 50 day moving average is $104.18 and its two-hundred day moving average is $102.77. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of 949.42, a PEG ratio of 6.75 and a beta of 1.02.

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, research analysts anticipate that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CWST shares. William Blair started coverage on Casella Waste Systems in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft cut their price target on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Finally, Raymond James raised their price target on shares of Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a research report on Thursday, September 19th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Casella Waste Systems has an average rating of “Moderate Buy” and a consensus price target of $111.50.

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.