Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in Casella Waste Systems, Inc. (NASDAQ:CWST)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 150,000 shares of the industrial products company's stock, valued at approximately $14,924,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.24% of Casella Waste Systems as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Opal Wealth Advisors LLC bought a new stake in Casella Waste Systems during the 2nd quarter worth approximately $29,000. GAMMA Investing LLC raised its position in shares of Casella Waste Systems by 76.4% during the 2nd quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 139 shares during the period. Liberty One Investment Management LLC purchased a new position in shares of Casella Waste Systems during the 2nd quarter valued at $167,000. Amalgamated Bank boosted its holdings in Casella Waste Systems by 6.4% in the 3rd 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 boosted its holdings in Casella Waste Systems by 12.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,743 shares of the industrial products company's stock worth $272,000 after buying an additional 311 shares during the period. Institutional investors own 99.51% of the company's stock.

Insider Transactions at Casella Waste Systems

In related news, SVP Paul Ligon sold 1,730 shares of the stock in a transaction 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 owns 21,085 shares in the company, valued at approximately $2,252,088.85. This represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 4.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CWST shares. Deutsche Bank Aktiengesellschaft lowered their price objective on Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. Stifel Nicolaus reissued a "buy" rating and issued a $117.00 price target (up from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Raymond James upped their price target on Casella Waste Systems from $121.00 to $122.00 and gave the stock a "strong-buy" rating in a research note on Thursday, September 19th. Finally, William Blair began coverage on shares of Casella Waste Systems in a research report on Thursday, October 3rd. They set an "outperform" rating on the stock. Two investment 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $111.50.

Casella Waste Systems Price Performance

NASDAQ CWST traded up $0.93 during trading on Friday, hitting $113.21. 107,742 shares of the stock traded hands, compared to its average volume of 314,627. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68. Casella Waste Systems, Inc. has a 12-month low of $79.47 and a 12-month high of $114.56. The firm has a 50-day simple moving average of $103.64 and a 200-day simple moving average of $102.47. The company has a market capitalization of $7.17 billion, a P/E ratio of 942.75, a price-to-earnings-growth ratio of 6.65 and a beta of 0.99.

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