FSA Wealth Management LLC Acquires New Shares in Casella Waste Systems, Inc. (NASDAQ:CWST)

FSA Wealth Management LLC bought a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,820 shares of the industrial products company's stock, valued at approximately $1,375,000. Casella Waste Systems accounts for about 0.5% of FSA Wealth Management LLC's investment portfolio, making the stock its 15th largest position.

A number of other hedge funds have also added to or reduced their stakes in the business. Amalgamated Bank increased its position in Casella Waste Systems by 6.4% in the 3rd quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company's stock valued at $210,000 after buying an additional 126 shares in the last quarter. Principal Financial Group Inc. grew its stake in Casella Waste Systems by 1.8% in 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 period. GAMMA Investing LLC raised its position in shares of Casella Waste Systems by 76.4% during the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company's stock worth $32,000 after purchasing an additional 139 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Casella Waste Systems by 1.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,436 shares of the industrial products company's stock worth $1,035,000 after purchasing an additional 183 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of Casella Waste Systems by 3.6% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 5,607 shares of the industrial products company's stock worth $556,000 after purchasing an additional 195 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors.

Casella Waste Systems Stock Up 0.8 %

Shares of CWST traded up $0.93 during trading hours on Friday, reaching $113.21. 107,742 shares of the stock traded hands, compared to its average volume of 307,288. Casella Waste Systems, Inc. has a 52 week low of $79.47 and a 52 week high of $114.56. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 943.42, a PEG ratio of 6.71 and a beta of 0.99. The stock has a fifty day simple moving average of $103.90 and a 200 day simple moving average of $102.62. 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 quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share 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 analysts' expectations of $412.59 million. During the same period in the prior year, the firm posted $0.35 EPS. The firm's revenue for the quarter was up 16.7% on a year-over-year basis. On average, equities analysts forecast that Casella Waste Systems, Inc. will post 0.65 EPS for the current year.

Wall Street Analysts Forecast Growth

CWST has been the topic of several research reports. Stifel Nicolaus restated a "buy" rating and set 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 began coverage on shares of Casella Waste Systems in a research report on Thursday, October 3rd. They set an "outperform" rating for the company. Deutsche Bank Aktiengesellschaft dropped their price target on shares of 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. Finally, Raymond James boosted their price objective 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. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $111.50.

Insider Activity at Casella Waste Systems

In other 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 transaction, the senior vice president now owns 21,085 shares of the company's stock, valued at $2,252,088.85. This represents a 7.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.24% of the stock is owned by company insiders.

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.