Barclays PLC Buys 29,686 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Barclays PLC increased its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 29.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,906 shares of the industrial products company's stock after purchasing an additional 29,686 shares during the period. Barclays PLC owned 0.21% of Casella Waste Systems worth $13,122,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in shares of Casella Waste Systems by 64.5% during the third quarter. GAMMA Investing LLC now owns 528 shares of the industrial products company's stock valued at $53,000 after buying an additional 207 shares during the last quarter. Liberty One Investment Management LLC bought a new stake in Casella Waste Systems in the 2nd quarter valued at $167,000. Amalgamated Bank lifted its stake 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 purchasing an additional 126 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Casella Waste Systems by 12.8% during the 2nd 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. Finally, Verdence Capital Advisors LLC grew its position in shares of Casella Waste Systems by 9.9% during the third quarter. Verdence Capital Advisors LLC now owns 2,932 shares of the industrial products company's stock valued at $292,000 after purchasing an additional 265 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CWST has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price 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 upped their price objective on Casella Waste Systems from $117.00 to $127.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Raymond James increased their target price on 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. Finally, William Blair began coverage on shares of Casella Waste Systems in a research report on Thursday, October 3rd. They issued an "outperform" rating on the stock. Two 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 company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $114.00.

Casella Waste Systems Trading Up 0.7 %

CWST stock traded up $0.75 during midday trading on Monday, reaching $106.81. 440,762 shares of the company traded hands, compared to its average volume of 313,311. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 890.08, a P/E/G ratio of 6.53 and a beta of 1.02. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55. The business has a 50 day moving average of $106.36 and a 200-day moving average of $103.52. Casella Waste Systems, Inc. has a 52-week low of $80.04 and a 52-week high of $114.88.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released 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 company had revenue of $411.63 million for 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 business's quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 EPS. As a group, sell-side analysts expect that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.

Insider Transactions at Casella Waste Systems

In other news, SVP Paul Ligon sold 1,730 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $106.81, for a total value of $184,781.30. Following the sale, the senior vice president now directly owns 21,085 shares in the company, valued at approximately $2,252,088.85. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 4.24% of the company's stock.

Casella Waste Systems Company 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.