Seven Grand Managers LLC Purchases Shares of 100,500 Casella Waste Systems, Inc. (NASDAQ:CWST)

Seven Grand Managers LLC acquired a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 100,500 shares of the industrial products company's stock, valued at approximately $9,999,000. Casella Waste Systems accounts for 2.3% of Seven Grand Managers LLC's portfolio, making the stock its 17th largest position. Seven Grand Managers LLC owned about 0.17% of Casella Waste Systems at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new position in Casella Waste Systems in the 1st quarter valued at about $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Casella Waste Systems during the second quarter valued at approximately $29,000. GAMMA Investing LLC lifted its position in shares of Casella Waste Systems by 76.4% in the second 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 in the last quarter. Whittier Trust Co. acquired a new stake in shares of Casella Waste Systems in the first quarter worth approximately $41,000. Finally, Harbor Investment Advisory LLC increased its position in shares of Casella Waste Systems by 38.1% during the first quarter. Harbor Investment Advisory LLC now owns 613 shares of the industrial products company's stock worth $61,000 after purchasing an additional 169 shares in the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CWST. Stifel Nicolaus restated 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 raised their price target 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. Finally, William Blair started coverage on shares of Casella Waste Systems in a research note on Thursday, October 3rd. They set an "outperform" rating for the company. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $108.20.

Casella Waste Systems Trading Up 0.6 %

Shares of CWST traded up $0.68 during mid-day trading on Thursday, reaching $106.30. The stock had a trading volume of 331,578 shares, compared to its average volume of 315,180. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 1.51. The business's fifty day moving average is $103.29 and its 200 day moving average is $100.04. Casella Waste Systems, Inc. has a 52-week low of $72.97 and a 52-week high of $109.08. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 342.90, a P/E/G ratio of 7.90 and a beta of 0.99.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.06). Casella Waste Systems had a return on equity of 3.83% and a net margin of 1.35%. The firm had revenue of $377.20 million for the quarter, compared to analyst estimates of $373.87 million. During the same quarter in the prior year, the business earned $0.36 EPS. The firm's quarterly revenue was up 30.2% on a year-over-year basis. On average, sell-side analysts predict that Casella Waste Systems, Inc. will post 0.62 EPS for the current fiscal year.

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.