Versor Investments LP Invests $527,000 in Casella Waste Systems, Inc. (NASDAQ:CWST)

Versor Investments LP purchased a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,300 shares of the industrial products company's stock, valued at approximately $527,000.

Several other hedge funds also recently modified their holdings of CWST. New Covenant Trust Company N.A. acquired a new stake in shares of Casella Waste Systems in the first quarter worth $26,000. Opal Wealth Advisors LLC acquired a new stake in shares of Casella Waste Systems in the second quarter worth $29,000. GAMMA Investing LLC boosted its position in shares of Casella Waste Systems by 76.4% in the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company's stock worth $32,000 after buying an additional 139 shares during the period. Mark Sheptoff Financial Planning LLC boosted its position in shares of Casella Waste Systems by 100.0% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,000 shares of the industrial products company's stock worth $99,000 after buying an additional 500 shares during the period. Finally, Liberty One Investment Management LLC acquired a new stake in Casella Waste Systems during the second quarter valued at $167,000. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Casella Waste Systems Stock Performance

Shares of Casella Waste Systems stock traded down $2.86 during trading on Thursday, reaching $107.02. The company's stock had a trading volume of 335,524 shares, compared to its average volume of 316,043. 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 business's fifty day moving average price is $102.52 and its 200-day moving average price is $101.28. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 891.83, a price-to-earnings-growth ratio of 6.37 and a beta of 0.99. Casella Waste Systems, Inc. has a one year low of $79.16 and a one year high of $111.01.

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 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.01). The business had revenue of $411.63 million during the quarter, compared to the consensus estimate of $412.59 million. Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. The company's revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. As a group, equities research analysts predict that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CWST shares. William Blair initiated coverage on Casella Waste Systems in a research report on Thursday, October 3rd. They set an "outperform" rating for the company. Raymond James boosted their price target 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. Stifel Nicolaus reaffirmed a "buy" rating and issued a $117.00 price target (up previously from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target 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. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $111.50.

Insider Activity at Casella Waste Systems

In other Casella Waste Systems 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 transaction of $184,781.30. Following the sale, 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 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.24% of the company's stock.

About Casella Waste Systems

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.