Charles Schwab Investment Management Inc. Grows Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Charles Schwab Investment Management Inc. increased its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 8.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 593,585 shares of the industrial products company's stock after purchasing an additional 47,165 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.94% of Casella Waste Systems worth $59,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Amalgamated Bank lifted its holdings in shares of Casella Waste Systems by 6.4% during 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 in the last quarter. Principal Financial Group Inc. increased its position in Casella Waste Systems by 1.8% during the second quarter. Principal Financial Group Inc. now owns 7,730 shares of the industrial products company's stock valued at $767,000 after acquiring an additional 135 shares during the last quarter. GAMMA Investing LLC increased its position in Casella Waste Systems by 76.4% during the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 139 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Casella Waste Systems by 1.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 10,436 shares of the industrial products company's stock valued at $1,035,000 after acquiring an additional 183 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in Casella Waste Systems by 3.6% during the second quarter. Crossmark Global Holdings Inc. now owns 5,607 shares of the industrial products company's stock valued at $556,000 after acquiring an additional 195 shares during the last quarter. 99.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. William Blair assumed coverage on Casella Waste Systems in a research report on Thursday, October 3rd. They set an "outperform" rating for the company. Raymond James upped their price objective 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. Deutsche Bank Aktiengesellschaft reduced their price objective on Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating for the company in a research report on Friday, November 1st. Finally, Stifel Nicolaus reiterated a "buy" rating and set a $117.00 price objective (up previously from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Two 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 company's stock. Based on data from MarketBeat, Casella Waste Systems currently has an average rating of "Moderate Buy" and a consensus target price of $111.50.

Insider Transactions at Casella Waste Systems

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of the firm'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 transaction, the senior vice president now directly owns 21,085 shares in the company, valued at $2,252,088.85. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.24% of the company's stock.

Casella Waste Systems Trading Up 0.8 %

Shares of NASDAQ:CWST traded up $0.93 during trading on Friday, hitting $113.21. The company had a trading volume of 107,742 shares, compared to its average volume of 314,627. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 943.42, a price-to-earnings-growth ratio of 6.65 and a beta of 0.99. Casella Waste Systems, Inc. has a one year low of $79.47 and a one year high of $114.56. The company has a fifty day simple moving average of $103.90 and a two-hundred day simple moving average of $102.58. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.55 and a quick ratio of 2.48.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its quarterly earnings data 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). 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 in the previous year, the business earned $0.35 earnings per share. Casella Waste Systems's revenue for the quarter was up 16.7% on a year-over-year basis. As a group, equities analysts forecast that Casella Waste Systems, Inc. will post 0.65 earnings per share 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.