TimesSquare Capital Management LLC trimmed its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 6.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 570,617 shares of the industrial products company's stock after selling 40,475 shares during the quarter. TimesSquare Capital Management LLC owned 0.98% of Casella Waste Systems worth $56,771,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. New Covenant Trust Company N.A. acquired a new position in Casella Waste Systems in the first quarter valued at about $26,000. Opal Wealth Advisors LLC bought a new stake in Casella Waste Systems during the 2nd quarter worth approximately $29,000. GAMMA Investing LLC increased its holdings in Casella Waste Systems by 76.4% during the 2nd 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. Mark Sheptoff Financial Planning LLC raised its position in Casella Waste Systems by 100.0% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 1,000 shares of the industrial products company's stock valued at $99,000 after purchasing an additional 500 shares during the last quarter. Finally, Liberty One Investment Management LLC acquired a new position in Casella Waste Systems in the second quarter worth $167,000. 99.51% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts have recently weighed in on CWST shares. William Blair assumed coverage on Casella Waste Systems in a research note on Thursday, October 3rd. They issued an "outperform" rating for the company. Raymond James raised their price target on shares of Casella Waste Systems from $121.00 to $122.00 and gave the company a "strong-buy" rating in a report on Thursday, September 19th. Stifel Nicolaus restated a "buy" rating and issued a $117.00 price objective (up previously from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective 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. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $111.50.
View Our Latest Stock Report on CWST
Insider Activity at Casella Waste Systems
In other news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $106.81, for a total transaction of $184,781.30. Following the transaction, the senior vice president now owns 21,085 shares in the company, valued at $2,252,088.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.24% of the stock is owned by corporate insiders.
Casella Waste Systems Trading Up 0.1 %
Shares of Casella Waste Systems stock traded up $0.09 during trading on Friday, reaching $106.59. 348,399 shares of the company were exchanged, compared to its average volume of 346,304. The business has a 50-day moving average price of $102.34 and a 200-day moving average price of $100.92. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 888.25, a P/E/G ratio of 6.34 and a beta of 0.99. 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 twelve month low of $77.38 and a twelve month high of $109.08.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $411.63 million during the quarter, compared to the consensus estimate of $412.59 million. During the same period last year, the company earned $0.35 earnings per share. The business's revenue was up 16.7% compared to the same quarter last year. Sell-side analysts anticipate that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.
About Casella Waste Systems
(
Free Report)
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.
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