Intech Investment Management LLC Takes $1.64 Million Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Intech Investment Management LLC purchased a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 16,431 shares of the industrial products company's stock, valued at approximately $1,635,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Conestoga Capital Advisors LLC lifted its position in Casella Waste Systems by 3.1% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 3,386,970 shares of the industrial products company's stock worth $336,055,000 after acquiring an additional 101,995 shares in the last quarter. Earnest Partners LLC increased its holdings in Casella Waste Systems by 3.2% during the 2nd quarter. Earnest Partners LLC now owns 1,680,358 shares of the industrial products company's stock worth $166,725,000 after purchasing an additional 51,516 shares during the last quarter. Geneva Capital Management LLC increased its holdings in Casella Waste Systems by 0.4% during the 3rd quarter. Geneva Capital Management LLC now owns 1,040,619 shares of the industrial products company's stock worth $103,531,000 after purchasing an additional 4,324 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Casella Waste Systems by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 861,463 shares of the industrial products company's stock worth $85,476,000 after purchasing an additional 26,189 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in Casella Waste Systems by 18.2% during the 2nd quarter. Sei Investments Co. now owns 425,805 shares of the industrial products company's stock worth $42,249,000 after purchasing an additional 65,580 shares during the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems Stock Performance

CWST traded down $1.41 during trading on Tuesday, reaching $111.50. 228,991 shares of the company were exchanged, compared to its average volume of 316,087. The stock has a market cap of $7.06 billion, a P/E ratio of 929.17, a PEG ratio of 6.67 and a beta of 0.99. The firm has a 50 day moving average of $103.08 and a 200 day moving average of $102.23. 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, Inc. has a 52 week low of $79.16 and a 52 week high of $114.56.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $411.63 million for the quarter, compared to the consensus estimate of $412.59 million. Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. Casella Waste Systems's quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 earnings per share. On average, sell-side analysts forecast that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of the business'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 transaction, the senior vice president now owns 21,085 shares in the company, valued at approximately $2,252,088.85. The trade was a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CWST. Deutsche Bank Aktiengesellschaft dropped their price objective on Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating on the stock in a report on Friday, November 1st. Raymond James lifted 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. William Blair began coverage on Casella Waste Systems in a report on Thursday, October 3rd. They issued an "outperform" rating for the company. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $117.00 price target (up from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Two investment 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 stock. Based on data from MarketBeat, Casella Waste Systems has an average rating of "Moderate Buy" and a consensus target price of $111.50.

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.