Mutual of America Capital Management LLC lessened its position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 19.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,050 shares of the industrial products company's stock after selling 10,363 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.07% of Casella Waste Systems worth $4,184,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in CWST. US Bancorp DE lifted its stake in shares of Casella Waste Systems by 7.9% in the 1st quarter. US Bancorp DE now owns 3,715 shares of the industrial products company's stock valued at $367,000 after purchasing an additional 272 shares during the period. State Board of Administration of Florida Retirement System raised its stake 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 valued at $1,610,000 after buying an additional 160 shares during the last quarter. Vanguard Group Inc. raised its stake in Casella Waste Systems by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,536,410 shares of the industrial products company's stock valued at $547,385,000 after buying an additional 57,540 shares during the last quarter. Capital Research Global Investors raised its stake in Casella Waste Systems by 277.1% during the first quarter. Capital Research Global Investors now owns 723,405 shares of the industrial products company's stock valued at $71,523,000 after buying an additional 531,573 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Casella Waste Systems during the first quarter valued at $5,351,000. Hedge funds and other institutional investors own 99.51% of the company's stock.
Casella Waste Systems Trading Up 1.1 %
CWST stock traded up $1.23 during midday trading on Friday, reaching $112.56. 317,893 shares of the company traded hands, compared to its average volume of 315,866. Casella Waste Systems, Inc. has a 52-week low of $79.16 and a 52-week high of $112.85. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55. The business has a 50 day moving average of $102.90 and a 200-day moving average of $101.90. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 927.75, a P/E/G ratio of 6.48 and a beta of 0.99.
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). Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The company had revenue of $411.63 million for the quarter, compared to analysts' expectations of $412.59 million. During the same quarter last year, the company earned $0.35 earnings per share. The company's revenue for the quarter was up 16.7% on a year-over-year basis. As a group, sell-side analysts expect that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. Stifel Nicolaus reaffirmed a "buy" rating and issued a $117.00 price objective (up previously from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. 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 assumed coverage on Casella Waste Systems in a report on Thursday, October 3rd. They issued an "outperform" rating for the company. Finally, Deutsche Bank Aktiengesellschaft cut their price objective 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. 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $111.50.
View Our Latest Research Report on Casella Waste Systems
Insider Activity
In related 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.24% of the company's stock.
Casella Waste Systems Company Profile
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Free Report)
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.
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