Stifel Financial Corp Raises Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Stifel Financial Corp raised its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 22.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,563 shares of the industrial products company's stock after purchasing an additional 5,888 shares during the quarter. Stifel Financial Corp's holdings in Casella Waste Systems were worth $3,140,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CWST. Maven Securities LTD purchased a new position in Casella Waste Systems during the 3rd quarter valued at about $19,898,000. Loomis Sayles & Co. L P boosted its position in shares of Casella Waste Systems by 21.8% in the third quarter. Loomis Sayles & Co. L P now owns 848,976 shares of the industrial products company's stock valued at $84,465,000 after acquiring an additional 151,744 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Casella Waste Systems during the third quarter valued at approximately $14,924,000. Public Sector Pension Investment Board bought a new stake in Casella Waste Systems during the 3rd quarter worth approximately $12,245,000. Finally, F M Investments LLC bought a new stake in Casella Waste Systems during the 2nd quarter worth approximately $11,093,000. Institutional investors own 99.51% of the company's stock.

Casella Waste Systems Price Performance

CWST traded down $0.55 during trading on Wednesday, reaching $105.95. The stock had a trading volume of 457,366 shares, compared to its average volume of 314,127. The business has a 50-day moving average of $106.66 and a 200-day moving average of $103.58. Casella Waste Systems, Inc. has a one year low of $80.04 and a one year high of $114.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55. The stock has a market cap of $6.71 billion, a PE ratio of 882.92, a PEG ratio of 6.53 and a beta of 1.02.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.01). The firm had revenue of $411.63 million during the quarter, compared to analysts' expectations of $412.59 million. Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. Casella Waste Systems's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. As a group, equities research analysts anticipate that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling at Casella Waste Systems

In other news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction dated 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 owns 21,085 shares in the company, valued at approximately $2,252,088.85. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.24% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Stifel Nicolaus raised their price target on shares of Casella Waste Systems from $117.00 to $127.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. William Blair began coverage on Casella Waste Systems in a research note on Thursday, October 3rd. They set an "outperform" rating for the company. Deutsche Bank Aktiengesellschaft decreased their target price on Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. Finally, Raymond James lifted their price target on 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 analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $114.00.

Casella Waste Systems Company 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.