UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 6.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,574 shares of the industrial products company's stock after selling 9,366 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Casella Waste Systems worth $13,289,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CWST. Harbor Capital Advisors Inc. increased its position 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 valued at $6,579,000 after purchasing an additional 34,340 shares during the last quarter. Williams Financial LLC purchased a new position in Casella Waste Systems in the second quarter valued at $2,427,000. Millennium Management LLC raised its stake in Casella Waste Systems by 667.9% in the second quarter. Millennium Management LLC now owns 48,231 shares of the industrial products company's stock valued at $4,785,000 after buying an additional 41,950 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Casella Waste Systems by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 861,463 shares of the industrial products company's stock worth $85,476,000 after buying an additional 26,189 shares during the last quarter. Finally, MQS Management LLC acquired a new position in shares of Casella Waste Systems during the 3rd quarter worth about $562,000. 99.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CWST shares. Raymond James raised their target price on 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. William Blair initiated coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They set an "outperform" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating for the company in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $111.50.

Insider Activity at Casella Waste Systems

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $106.81, for a total transaction of $184,781.30. Following the completion of the sale, the senior vice president now owns 21,085 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.24% of the stock is owned by insiders.

Casella Waste Systems Stock Performance

CWST traded up $0.52 during trading on Friday, hitting $111.21. 216,716 shares of the stock were exchanged, compared to its average volume of 287,762. The firm has a market capitalization of $7.04 billion, a P/E ratio of 926.75, a PEG ratio of 6.64 and a beta of 1.02. The stock has a fifty day moving average price of $105.20 and a two-hundred day moving average price of $103.10. Casella Waste Systems, Inc. has a 1-year low of $80.04 and a 1-year high of $114.88. 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 (NASDAQ:CWST - Get Free Report) last posted its quarterly 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). Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The business had revenue of $411.63 million during the quarter, compared to analysts' expectations of $412.59 million. During the same quarter last year, the firm earned $0.35 EPS. The firm's quarterly revenue was up 16.7% compared to the same quarter last year. As a group, sell-side analysts predict that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current 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.