Maven Securities LTD Takes Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Maven Securities LTD acquired a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 200,000 shares of the industrial products company's stock, valued at approximately $19,898,000. Casella Waste Systems makes up approximately 0.4% of Maven Securities LTD's portfolio, making the stock its 6th biggest holding. Maven Securities LTD owned about 0.32% of Casella Waste Systems as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CWST. Cetera Advisors LLC acquired a new position in Casella Waste Systems in the 1st quarter worth approximately $281,000. GAMMA Investing LLC grew its stake in shares of Casella Waste Systems by 76.4% during the 2nd 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. Park Avenue Securities LLC grew its stake in shares of 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 purchasing an additional 346 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Casella Waste Systems during the 2nd quarter worth approximately $29,000. Finally, SG Americas Securities LLC grew its stake in shares of Casella Waste Systems by 207.3% during the 2nd quarter. SG Americas Securities LLC now owns 8,186 shares of the industrial products company's stock worth $812,000 after purchasing an additional 5,522 shares during the period. Institutional investors and hedge funds own 99.51% of the company's stock.

Casella Waste Systems Trading Down 1.6 %

Shares of NASDAQ:CWST traded down $1.81 during midday trading on Wednesday, reaching $112.12. 250,949 shares of the company's stock were exchanged, compared to its average volume of 314,714. The firm's 50 day simple moving average is $104.46 and its two-hundred day simple moving average is $102.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.55 and a quick ratio of 2.48. The stock has a market cap of $7.10 billion, a price-to-earnings ratio of 949.42, a P/E/G ratio of 6.75 and a beta of 1.02. Casella Waste Systems, Inc. has a fifty-two week low of $80.04 and a fifty-two week high of $114.88.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.01). The business had revenue of $411.63 million for the quarter, compared to analyst estimates of $412.59 million. Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. The firm's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 earnings per share. As a group, sell-side analysts forecast that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Raymond James raised their price objective on shares of Casella Waste Systems from $121.00 to $122.00 and gave the stock a "strong-buy" rating in a research note on Thursday, September 19th. Deutsche Bank Aktiengesellschaft decreased their target price on 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, William Blair assumed coverage on Casella Waste Systems in a research report on Thursday, October 3rd. They set an "outperform" rating on the stock. Two research 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $111.50.

Insider Buying and Selling at Casella Waste Systems

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

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.