BNP Paribas Financial Markets Acquires 9,424 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

BNP Paribas Financial Markets raised its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 41.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,206 shares of the industrial products company's stock after purchasing an additional 9,424 shares during the period. BNP Paribas Financial Markets owned 0.05% of Casella Waste Systems worth $3,204,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Conestoga Capital Advisors LLC increased 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 worth $336,055,000 after buying an additional 101,995 shares during the last quarter. Earnest Partners LLC grew its position in Casella Waste Systems by 3.2% in the second quarter. Earnest Partners LLC now owns 1,680,358 shares of the industrial products company's stock worth $166,725,000 after acquiring an additional 51,516 shares in the last quarter. Geneva Capital Management LLC increased its stake in Casella Waste Systems by 0.4% during the third quarter. Geneva Capital Management LLC now owns 1,040,619 shares of the industrial products company's stock worth $103,531,000 after acquiring an additional 4,324 shares during the last quarter. Westfield Capital Management Co. LP raised its position in Casella Waste Systems by 4.4% during the third quarter. Westfield Capital Management Co. LP now owns 950,484 shares of the industrial products company's stock valued at $94,564,000 after purchasing an additional 39,666 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake 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. Hedge funds and other institutional investors own 99.51% of the company's stock.

Insider Buying and Selling 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 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 completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CWST shares. Raymond James boosted 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. William Blair started coverage on shares of Casella Waste Systems in a research report on Thursday, October 3rd. They set an "outperform" rating on the stock. Finally, 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 research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $111.50.

Casella Waste Systems Trading Up 0.5 %

CWST traded up $0.52 during trading hours on Friday, reaching $111.21. 216,716 shares of the company's stock traded hands, compared to its average volume of 313,990. The firm has a 50-day moving average price of $104.95 and a 200 day moving average price of $103.00. The firm has a market capitalization of $7.04 billion, a PE ratio of 930.50, a PEG ratio of 6.75 and a beta of 1.02. 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 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 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 for 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 firm's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 earnings per share. As a group, sell-side analysts predict that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

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.