BNP PARIBAS ASSET MANAGEMENT Holding S.A. Boosts Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 9.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 246,519 shares of the industrial products company's stock after buying an additional 20,270 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.42% of Casella Waste Systems worth $24,526,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new position in Casella Waste Systems during the first quarter worth $26,000. Opal Wealth Advisors LLC purchased a new stake in shares of Casella Waste Systems in the second quarter valued at about $29,000. GAMMA Investing LLC raised its holdings in shares of Casella Waste Systems by 76.4% in the second 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 last quarter. Liberty One Investment Management LLC purchased a new stake in shares of Casella Waste Systems in the second quarter valued at about $167,000. Finally, Amalgamated Bank raised 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 valued at $210,000 after purchasing an additional 126 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.

Analyst Ratings Changes

CWST has been the subject of several analyst reports. Stifel Nicolaus reiterated a "buy" rating and issued a $117.00 target price (up previously from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating for the company in a report on Friday, November 1st. Raymond James increased their target price on shares of 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, William Blair initiated coverage on shares of Casella Waste Systems in a research report on Thursday, October 3rd. They set an "outperform" rating for the company. Two research 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $111.50.

Insider Buying and Selling 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 that occurred on Wednesday, November 6th. The shares were 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 in the company, valued at $2,252,088.85. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.24% of the stock is currently owned by company insiders.

Casella Waste Systems Price Performance

Shares of CWST stock traded up $1.23 during trading hours on Friday, reaching $112.56. The stock had a trading volume of 317,893 shares, compared to its average volume of 322,345. The stock's fifty day simple moving average is $102.99 and its 200 day simple moving average is $102.03. 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 $79.16 and a 12 month high of $112.85. The firm has a market capitalization of $7.13 billion, a PE ratio of 938.00, a PEG ratio of 6.60 and a beta of 0.99.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its quarterly earnings data 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). Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The firm had revenue of $411.63 million during the quarter, compared to the consensus estimate of $412.59 million. During the same quarter last year, the business posted $0.35 earnings per share. Casella Waste Systems's revenue was up 16.7% compared to the same quarter last year. On average, equities research analysts predict that Casella Waste Systems, Inc. will post 0.65 EPS for the current year.

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.