LMR Partners LLP Acquires New Shares in Casella Waste Systems, Inc. (NASDAQ:CWST)

LMR Partners LLP bought a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 24,266 shares of the industrial products company's stock, valued at approximately $2,414,000.

Other institutional investors have also made changes to their positions in the company. Amalgamated Bank increased its holdings in shares of Casella Waste Systems by 6.4% in 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 during the last quarter. Principal Financial Group Inc. grew its stake in Casella Waste Systems by 1.8% in the 2nd quarter. Principal Financial Group Inc. now owns 7,730 shares of the industrial products company's stock valued at $767,000 after buying an additional 135 shares during the last quarter. GAMMA Investing LLC raised its holdings in Casella Waste Systems by 76.4% in 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 during the period. State Board of Administration of Florida Retirement System lifted its position in Casella Waste Systems by 1.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 16,286 shares of the industrial products company's stock worth $1,610,000 after acquiring an additional 160 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of 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 worth $1,035,000 after acquiring an additional 183 shares during the period. 99.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. William Blair initiated coverage on Casella Waste Systems in a research note on Thursday, October 3rd. They set an "outperform" rating on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating for the company in a report on Friday, November 1st. Raymond James upped their price target 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, Stifel Nicolaus reiterated a "buy" rating and issued a $117.00 price objective (up previously from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $111.50.

Casella Waste Systems Price Performance

Shares of NASDAQ CWST traded up $1.35 during mid-day trading on Tuesday, reaching $109.36. The company had a trading volume of 289,491 shares, compared to its average volume of 315,882. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 902.00, a PEG ratio of 6.31 and a beta of 0.99. The business's 50-day simple moving average is $102.64 and its 200 day simple moving average is $101.66. Casella Waste Systems, Inc. has a one year low of $79.16 and a one year high of $111.01. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55.

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

Insider Activity

In other news, SVP Paul Ligon sold 1,730 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $106.81, for a total value 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. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.24% of the company's stock.

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.