JPMorgan Chase & Co. Has $198.97 Million Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

JPMorgan Chase & Co. lessened its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 8.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,999,851 shares of the industrial products company's stock after selling 190,291 shares during the period. JPMorgan Chase & Co. owned about 3.16% of Casella Waste Systems worth $198,965,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC increased its stake in Casella Waste Systems by 64.5% in the 3rd quarter. GAMMA Investing LLC now owns 528 shares of the industrial products company's stock valued at $53,000 after buying an additional 207 shares during the period. Amalgamated Bank raised 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 worth $210,000 after acquiring an additional 126 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Casella Waste Systems by 12.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,743 shares of the industrial products company's stock worth $272,000 after acquiring an additional 311 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in Casella Waste Systems by 9.9% during the third quarter. Verdence Capital Advisors LLC now owns 2,932 shares of the industrial products company's stock valued at $292,000 after purchasing an additional 265 shares during the last quarter. Finally, Crestwood Advisors Group LLC purchased a new position in Casella Waste Systems in the second quarter valued at about $293,000. Hedge funds and other institutional investors own 99.51% of the company's stock.

Casella Waste Systems Stock Performance

Casella Waste Systems stock traded up $0.39 during trading hours on Tuesday, reaching $105.81. 296,845 shares of the company were exchanged, compared to its average volume of 313,548. Casella Waste Systems, Inc. has a 12 month low of $80.04 and a 12 month high of $114.88. The company has a current ratio of 2.55, a quick ratio of 2.48 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average of $107.09 and a 200 day moving average of $104.14. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 881.75, a PEG ratio of 6.53 and a beta of 1.02.

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). The firm 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 earnings per share. As a group, research analysts anticipate that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current year.

Insider Activity

In other news, SVP Paul Ligon sold 1,730 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $106.81, for a total value of $184,781.30. Following the completion of the sale, the senior vice president now directly owns 21,085 shares of the company's stock, valued at approximately $2,252,088.85. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CWST. Stifel Nicolaus raised their price target on Casella Waste Systems from $117.00 to $127.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. William Blair began coverage on shares of Casella Waste Systems in a research note on Thursday, October 3rd. They issued an "outperform" rating for the company. Raymond James boosted their target price on shares of Casella Waste Systems from $121.00 to $122.00 and gave the stock a "strong-buy" rating in a research report 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 on the stock in a report on Friday, November 1st. Two 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $114.00.

Casella Waste Systems 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.