Edgestream Partners L.P. purchased a new stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,653 shares of the industrial products company's stock, valued at approximately $2,154,000.
Several other institutional investors and hedge funds also recently made changes to their positions in CWST. Cetera Advisors LLC bought a new position in Casella Waste Systems in the first quarter worth about $281,000. GAMMA Investing LLC raised its stake 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 acquiring an additional 139 shares in the last quarter. Park Avenue Securities LLC boosted its position in Casella Waste Systems by 5.7% during the 2nd quarter. Park Avenue Securities LLC now owns 6,433 shares of the industrial products company's stock worth $638,000 after acquiring an additional 346 shares during the period. Opal Wealth Advisors LLC bought a new position in shares of Casella Waste Systems in the second quarter worth $29,000. Finally, SG Americas Securities LLC increased its holdings in shares of Casella Waste Systems by 207.3% during the second quarter. SG Americas Securities LLC now owns 8,186 shares of the industrial products company's stock valued at $812,000 after purchasing an additional 5,522 shares during the period. 99.51% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
CWST has been the subject of several research analyst reports. Stifel Nicolaus reaffirmed a "buy" rating and issued a $117.00 price objective (up previously from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. William Blair started coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They issued an "outperform" rating for the company. Raymond James raised their price objective 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. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating for the company in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $111.50.
Check Out Our Latest Stock Report on CWST
Casella Waste Systems Stock Performance
Shares of Casella Waste Systems stock remained flat at $113.93 during trading on Tuesday. The stock had a trading volume of 408,435 shares, compared to its average volume of 314,988. Casella Waste Systems, Inc. has a twelve month low of $80.04 and a twelve month high of $114.64. 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 company has a market cap of $7.21 billion, a price-to-earnings ratio of 949.42, a price-to-earnings-growth ratio of 6.75 and a beta of 1.02. The stock has a 50 day moving average price of $104.18 and a two-hundred day moving average price of $102.77.
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 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. The business had revenue of $411.63 million during the quarter, compared to the consensus estimate of $412.59 million. During the same period in the prior year, the firm earned $0.35 earnings per share. The business's quarterly revenue was up 16.7% on a year-over-year basis. Sell-side analysts anticipate that Casella Waste Systems, Inc. will post 0.65 EPS for the current year.
Insider Activity
In other news, SVP Paul Ligon sold 1,730 shares of the business's stock in a transaction that occurred 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 sale, the senior vice president now directly owns 21,085 shares in the company, valued at approximately $2,252,088.85. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.24% of the stock is owned by company insiders.
Casella Waste Systems Profile
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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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