Quantbot Technologies LP purchased a new stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,588 shares of the industrial products company's stock, valued at approximately $1,750,000.
Other large investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in Casella Waste Systems in the 2nd quarter valued at about $29,000. GAMMA Investing LLC lifted its holdings in Casella Waste Systems by 76.4% in the 2nd quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company's stock worth $32,000 after buying an additional 139 shares in the last quarter. Liberty One Investment Management LLC purchased a new position in Casella Waste Systems in the second quarter valued at about $167,000. Amalgamated Bank grew its position in shares of Casella Waste Systems by 6.4% during the third quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company's stock worth $210,000 after buying an additional 126 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of Casella Waste Systems by 12.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,743 shares of the industrial products company's stock worth $272,000 after purchasing an additional 311 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.
Wall Street Analysts Forecast Growth
CWST has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target 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. William Blair began coverage on Casella Waste Systems in a research report on Thursday, October 3rd. They set an "outperform" rating for the company. Stifel Nicolaus reissued a "buy" rating and set a $117.00 target price (up previously from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Finally, Raymond James raised their price objective on shares of Casella Waste Systems from $121.00 to $122.00 and gave the company a "strong-buy" rating in a research report on Thursday, September 19th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $111.50.
Read Our Latest Analysis on Casella Waste Systems
Insider Transactions at Casella Waste Systems
In other 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 transaction of $184,781.30. Following the transaction, the senior vice president now owns 21,085 shares in the company, 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 SEC, which can be accessed through this hyperlink. Company insiders own 4.24% of the company's stock.
Casella Waste Systems Stock Up 0.8 %
Shares of CWST traded up $0.93 during mid-day trading on Friday, reaching $113.21. The company's stock had a trading volume of 107,742 shares, compared to its average volume of 314,627. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 943.42, a price-to-earnings-growth ratio of 6.65 and a beta of 0.99. The business has a fifty day moving average of $103.90 and a 200 day moving average of $102.58. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68. Casella Waste Systems, Inc. has a 1 year low of $79.47 and a 1 year high of $114.56.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced 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 analysts' expectations of $412.59 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The business's revenue for the quarter was up 16.7% on a year-over-year basis. As a group, analysts forecast that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.
Casella Waste Systems Company 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.
See Also
Before you consider Casella Waste Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Casella Waste Systems wasn't on the list.
While Casella Waste Systems currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
