Tompkins Financial Corp Sells 5,027 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Tompkins Financial Corp lowered its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 15.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 26,677 shares of the industrial products company's stock after selling 5,027 shares during the period. Tompkins Financial Corp's holdings in Casella Waste Systems were worth $2,654,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of CWST. Verdence Capital Advisors LLC increased its position in Casella Waste Systems by 9.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,932 shares of the industrial products company's stock valued at $292,000 after acquiring an additional 265 shares during the period. Amalgamated Bank grew its stake in shares of Casella Waste Systems by 6.4% in the third quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company's stock worth $210,000 after purchasing an additional 126 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of Casella Waste Systems by 4.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 154,422 shares of the industrial products company's stock worth $15,303,000 after buying an additional 7,185 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Casella Waste Systems by 108.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 66,129 shares of the industrial products company's stock worth $6,579,000 after acquiring an additional 34,340 shares during the period. Finally, Raymond James & Associates boosted its holdings in shares of Casella Waste Systems by 2.8% in the third quarter. Raymond James & Associates now owns 223,992 shares of the industrial products company's stock valued at $22,285,000 after acquiring an additional 6,206 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.

Casella Waste Systems Trading Up 0.1 %

Shares of Casella Waste Systems stock traded up $0.09 during trading on Friday, hitting $106.59. The stock had a trading volume of 348,399 shares, compared to its average volume of 346,304. 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 capitalization of $6.75 billion, a PE ratio of 888.25, a P/E/G ratio of 6.34 and a beta of 0.99. Casella Waste Systems, Inc. has a 1 year low of $77.38 and a 1 year high of $109.08. The stock has a 50 day simple moving average of $102.34 and a 200 day simple moving average of $100.92.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $411.63 million for the quarter, compared to analyst estimates of $412.59 million. During the same period last year, the firm earned $0.35 earnings per share. Casella Waste Systems's revenue for the quarter was up 16.7% compared to the same quarter last year. On average, research analysts expect that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Paul Ligon sold 1,730 shares of the business's stock in a transaction that occurred 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 directly owns 21,085 shares of the company's stock, valued at approximately $2,252,088.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.24% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CWST. Stifel Nicolaus reaffirmed a "buy" rating and set a $117.00 price target (up from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. Raymond James raised 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. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. Finally, William Blair started coverage on shares of Casella Waste Systems in a research report on Thursday, October 3rd. They set an "outperform" rating for the company. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $111.50.

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.