Segall Bryant & Hamill LLC Buys 14,795 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Segall Bryant & Hamill LLC lifted its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 4.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 322,782 shares of the industrial products company's stock after purchasing an additional 14,795 shares during the quarter. Segall Bryant & Hamill LLC owned 0.56% of Casella Waste Systems worth $32,114,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CWST. New Covenant Trust Company N.A. bought a new stake in Casella Waste Systems during the 1st quarter worth about $26,000. Opal Wealth Advisors LLC acquired a new position in Casella Waste Systems during the second quarter valued at approximately $29,000. GAMMA Investing LLC grew its stake in 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 in the last quarter. Liberty One Investment Management LLC acquired a new position in shares of Casella Waste Systems during the 2nd quarter worth approximately $167,000. Finally, Amalgamated Bank raised its stake in shares of Casella Waste Systems by 6.4% during 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. Institutional investors and hedge funds own 99.51% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Raymond James raised their target price on shares of Casella Waste Systems from $121.00 to $122.00 and gave the company a "strong-buy" rating in a research note on Thursday, September 19th. Deutsche Bank Aktiengesellschaft lowered their price objective 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. Stifel Nicolaus reiterated a "buy" rating and set a $117.00 price target (up previously from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Finally, William Blair began coverage on Casella Waste Systems in a research note on Thursday, October 3rd. They issued an "outperform" rating on the stock. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $111.50.

Casella Waste Systems Stock Performance

NASDAQ:CWST traded down $0.26 during mid-day trading on Wednesday, reaching $109.10. 71,058 shares of the company's stock were exchanged, compared to its average volume of 314,794. Casella Waste Systems, Inc. has a one year low of $79.16 and a one year high of $111.01. 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's fifty day simple moving average is $102.72 and its two-hundred day simple moving average is $101.78. The firm has a market capitalization of $6.91 billion, a PE ratio of 911.33, a price-to-earnings-growth ratio of 6.31 and a beta of 0.99.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). The company had revenue of $411.63 million during 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 company's quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share. Analysts anticipate that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.

Insider Buying and Selling

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 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. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.24% of the stock is currently owned by company insiders.

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.