National Bank of Canada FI Has $3.42 Million Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

National Bank of Canada FI increased its stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 1,107.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,417 shares of the industrial products company's stock after purchasing an additional 31,567 shares during the quarter. National Bank of Canada FI owned approximately 0.05% of Casella Waste Systems worth $3,424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CWST. Harbor Capital Advisors Inc. lifted its holdings in shares of Casella Waste Systems by 108.0% in the third quarter. Harbor Capital Advisors Inc. now owns 66,129 shares of the industrial products company's stock valued at $6,579,000 after purchasing an additional 34,340 shares in the last quarter. Williams Financial LLC acquired a new stake in Casella Waste Systems during the 2nd quarter worth about $2,427,000. Millennium Management LLC grew its stake in Casella Waste Systems by 667.9% during the 2nd quarter. Millennium Management LLC now owns 48,231 shares of the industrial products company's stock valued at $4,785,000 after acquiring an additional 41,950 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Casella Waste Systems by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 861,463 shares of the industrial products company's stock valued at $85,476,000 after purchasing an additional 26,189 shares during the period. Finally, MQS Management LLC purchased a new stake in shares of Casella Waste Systems in the third quarter worth approximately $562,000. Institutional investors and hedge funds own 99.51% of the company's stock.

Insiders Place Their Bets

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of the stock in a transaction 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 completion of the sale, the senior vice president now directly owns 21,085 shares of the company's stock, valued at $2,252,088.85. This represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.24% of the company's stock.

Casella Waste Systems Stock Down 2.0 %

Shares of Casella Waste Systems stock traded down $2.14 during midday trading on Friday, reaching $106.06. 265,744 shares of the company's stock traded hands, compared to its average volume of 312,783. 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, Inc. has a 52 week low of $80.04 and a 52 week high of $114.88. The company's 50 day simple moving average is $106.18 and its 200 day simple moving average is $103.41. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 883.83, a price-to-earnings-growth ratio of 6.53 and a beta of 1.02.

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 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 analyst estimates of $412.59 million. During the same period in the prior year, the company posted $0.35 EPS. The business's revenue was up 16.7% on a year-over-year basis. Equities analysts expect that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on CWST shares. William Blair started coverage on shares of Casella Waste Systems in a research report on Thursday, October 3rd. They set an "outperform" rating on the stock. Stifel Nicolaus upped their price target on shares of Casella Waste Systems from $117.00 to $127.00 and gave the stock a "buy" rating in a research note on Wednesday. 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. Finally, Raymond James boosted their target price on 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. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.00.

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.