123,073 Shares in Casella Waste Systems, Inc. (NASDAQ:CWST) Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board acquired a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 123,073 shares of the industrial products company's stock, valued at approximately $12,245,000. Public Sector Pension Investment Board owned 0.19% of Casella Waste Systems as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Amalgamated Bank lifted its holdings in shares of Casella Waste Systems by 6.4% during the 3rd quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company's stock worth $210,000 after acquiring an additional 126 shares during the period. Principal Financial Group Inc. lifted its stake in Casella Waste Systems by 1.8% during the second quarter. Principal Financial Group Inc. now owns 7,730 shares of the industrial products company's stock worth $767,000 after purchasing an additional 135 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Casella Waste Systems by 76.4% in the 2nd 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. Benjamin F. Edwards & Company Inc. increased its stake in shares of Casella Waste Systems by 1.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,436 shares of the industrial products company's stock valued at $1,035,000 after purchasing an additional 183 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in shares of Casella Waste Systems by 3.6% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 5,607 shares of the industrial products company's stock valued at $556,000 after purchasing an additional 195 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CWST shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating for the company in a research report on Friday, November 1st. William Blair assumed coverage on shares of Casella Waste Systems in a research note on Thursday, October 3rd. They issued an "outperform" rating on the stock. Raymond James upped 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 report on Thursday, September 19th. Finally, Stifel Nicolaus restated a "buy" rating and issued a $117.00 target price (up previously from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Two investment 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 MarketBeat, Casella Waste Systems has an average rating of "Moderate Buy" and an average price target of $111.50.

Insider Buying and Selling

In related news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.24% of the stock is currently owned by insiders.

Casella Waste Systems Trading Up 0.8 %

Shares of CWST stock traded up $0.93 during mid-day trading on Friday, reaching $113.21. 107,742 shares of the stock traded hands, compared to its average volume of 314,627. The stock's fifty day simple moving average is $103.64 and its two-hundred day simple moving average is $102.47. Casella Waste Systems, Inc. has a 1-year low of $79.47 and a 1-year high of $114.56. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 942.75, a price-to-earnings-growth ratio of 6.65 and a beta of 0.99.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $0.27 EPS for the quarter, missing the consensus estimate 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 quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. On average, research analysts anticipate that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

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.