Casella Waste Systems, Inc. (NASDAQ:CWST) Stock Holdings Decreased by AMI Asset Management Corp

AMI Asset Management Corp reduced its position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 58.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,293 shares of the industrial products company's stock after selling 23,135 shares during the period. AMI Asset Management Corp's holdings in Casella Waste Systems were worth $1,617,000 as of its most recent SEC filing.

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Other institutional investors have also made changes to their positions in the company. New Covenant Trust Company N.A. purchased a new position in Casella Waste Systems during the first quarter valued at approximately $26,000. Johnson Financial Group Inc. purchased a new position in Casella Waste Systems during the fourth quarter valued at approximately $28,000. Parallel Advisors LLC grew its position in Casella Waste Systems by 232.0% during the fourth quarter. Parallel Advisors LLC now owns 332 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 232 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in Casella Waste Systems during the second quarter valued at approximately $29,000. Finally, GAMMA Investing LLC grew its position in Casella Waste Systems by 76.4% during the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 139 shares in the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.

Casella Waste Systems Stock Up 1.8 %

NASDAQ CWST traded up $1.85 during trading on Friday, reaching $107.10. The company's stock had a trading volume of 237,577 shares, compared to its average volume of 294,479. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $6.21 billion, a PE ratio of 345.48, a PEG ratio of 6.47 and a beta of 0.98. The business has a 50-day moving average price of $102.35 and a 200-day moving average price of $97.38. Casella Waste Systems, Inc. has a 1-year low of $72.97 and a 1-year high of $108.59.

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Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.06). Casella Waste Systems had a return on equity of 3.84% and a net margin of 1.35%. The firm had revenue of $377.20 million during the quarter, compared to analyst estimates of $373.87 million. During the same quarter in the previous year, the firm posted $0.36 earnings per share. Casella Waste Systems's quarterly revenue was up 30.2% compared to the same quarter last year. On average, research analysts forecast that Casella Waste Systems, Inc. will post 0.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CWST. Deutsche Bank Aktiengesellschaft began coverage on shares of Casella Waste Systems in a research report on Thursday, May 23rd. They set a "hold" rating and a $106.00 price objective on the stock. Stifel Nicolaus reiterated a "buy" rating and issued a $117.00 target price (up from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. Two analysts have rated the stock with a hold rating and four have assigned a 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 $103.80.

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Casella Waste Systems Profile

(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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