Asset Management One Co. Ltd. Grows Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Asset Management One Co. Ltd. raised its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 154,422 shares of the industrial products company's stock after buying an additional 7,185 shares during the quarter. Asset Management One Co. Ltd. owned 0.27% of Casella Waste Systems worth $15,303,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CWST. Harbor Capital Advisors Inc. raised its holdings in shares of Casella Waste Systems by 108.0% during the third quarter. Harbor Capital Advisors Inc. now owns 66,129 shares of the industrial products company's stock valued at $6,579,000 after purchasing an additional 34,340 shares during the period. Raymond James & Associates boosted its holdings in Casella Waste Systems by 2.8% in the third quarter. Raymond James & Associates now owns 223,992 shares of the industrial products company's stock worth $22,285,000 after acquiring an additional 6,206 shares in the last quarter. Seven Grand Managers LLC bought a new position in Casella Waste Systems in the third quarter worth approximately $9,999,000. Creative Planning increased its holdings in shares of Casella Waste Systems by 16.4% during the third quarter. Creative Planning now owns 18,071 shares of the industrial products company's stock valued at $1,798,000 after acquiring an additional 2,541 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings 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 acquiring an additional 207 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors.

Casella Waste Systems Stock Down 0.4 %

Shares of CWST traded down $0.41 during trading hours on Thursday, reaching $106.50. 327,705 shares of the stock traded hands, compared to its average volume of 315,817. Casella Waste Systems, Inc. has a 52 week low of $76.67 and a 52 week high of $109.08. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 892.83, a PEG ratio of 5.80 and a beta of 0.99. The stock has a fifty day simple moving average of $102.37 and a 200 day simple moving average of $100.75. 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 (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 the consensus estimate 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 return on equity of 3.04% and a net margin of 0.46%. Casella Waste Systems's quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 EPS. On average, equities analysts forecast that Casella Waste Systems, Inc. will post 0.67 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Paul Ligon sold 1,730 shares of the stock in a transaction dated 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 transaction, the senior vice president now owns 21,085 shares in the company, valued at approximately $2,252,088.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CWST. Raymond James increased their target price on Casella Waste Systems from $121.00 to $122.00 and gave the stock a "strong-buy" rating in a report on Thursday, September 19th. Stifel Nicolaus reiterated a "buy" rating and set a $117.00 price objective (up from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. William Blair assumed coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They issued an "outperform" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating for the company in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Casella Waste Systems has an average rating of "Moderate Buy" and an average target price of $111.50.

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.