Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC raised its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 322,782 shares of the industrial products company’s stock after purchasing an additional 14,795 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Casella Waste Systems were worth $32,114,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Casella Waste Systems by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 5,536,410 shares of the industrial products company’s stock valued at $547,385,000 after purchasing an additional 57,540 shares during the last quarter. Conestoga Capital Advisors LLC boosted its holdings 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 valued at $336,055,000 after purchasing an additional 101,995 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of Casella Waste Systems by 3.2% in the 2nd quarter. Earnest Partners LLC now owns 1,680,358 shares of the industrial products company’s stock valued at $166,725,000 after purchasing an additional 51,516 shares during the last quarter. Geneva Capital Management LLC boosted its holdings in shares of Casella Waste Systems by 0.4% in the 3rd quarter. Geneva Capital Management LLC now owns 1,040,619 shares of the industrial products company’s stock valued at $103,531,000 after purchasing an additional 4,324 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Casella Waste Systems by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 861,463 shares of the industrial products company’s stock valued at $85,476,000 after purchasing an additional 26,189 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CWST. William Blair began coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft reduced their target price 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. Stifel Nicolaus restated a “buy” rating and set a $117.00 target price (up previously from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Finally, Raymond James lifted their target price on shares of Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a report on Thursday, September 19th. Two investment 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 company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $111.50.

Insider Transactions at Casella Waste Systems

In other news, SVP Paul Ligon sold 1,730 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $106.81, for a total value of $184,781.30. Following the completion of the sale, the senior vice president now owns 21,085 shares of the company’s stock, valued at approximately $2,252,088.85. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.24% of the company’s stock.

Casella Waste Systems Stock Performance

Casella Waste Systems stock opened at $109.36 on Wednesday. Casella Waste Systems, Inc. has a 12-month low of $79.16 and a 12-month high of $111.01. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 911.33, a price-to-earnings-growth ratio of 6.31 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.55 and a quick ratio of 2.48. The firm’s fifty day moving average price is $102.72 and its 200 day moving average price is $101.78.

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

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.