WCM Investment Management LLC Has $19.70 Million Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

WCM Investment Management LLC lessened its stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 13.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 200,255 shares of the industrial products company's stock after selling 30,606 shares during the quarter. WCM Investment Management LLC owned 0.34% of Casella Waste Systems worth $19,697,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. New Covenant Trust Company N.A. bought a new position in Casella Waste Systems during the 1st quarter worth about $26,000. Opal Wealth Advisors LLC acquired a new stake in Casella Waste Systems in the 2nd quarter valued at approximately $29,000. GAMMA Investing LLC lifted its stake 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 valued at $32,000 after acquiring an additional 139 shares in the last quarter. Mark Sheptoff Financial Planning LLC boosted its position in Casella Waste Systems by 100.0% during the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 1,000 shares of the industrial products company's stock worth $99,000 after acquiring an additional 500 shares during the last quarter. Finally, Liberty One Investment Management LLC acquired a new position in Casella Waste Systems during the 2nd quarter worth approximately $167,000. Institutional investors own 99.51% of the company's stock.

Insiders Place Their Bets

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $106.81, for a total value of $184,781.30. Following the completion of the sale, the senior vice president now owns 21,085 shares in the company, valued at $2,252,088.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.24% of the company's stock.

Casella Waste Systems Stock Performance

Shares of CWST traded up $0.92 during mid-day trading on Monday, reaching $107.51. The company's stock had a trading volume of 282,552 shares, compared to its average volume of 315,813. The company has a current ratio of 2.55, a quick ratio of 2.48 and a debt-to-equity ratio of 0.68. Casella Waste Systems, Inc. has a 1-year low of $77.96 and a 1-year high of $109.19. The business has a 50-day simple moving average of $102.33 and a two-hundred day simple moving average of $101.05. The stock has a market cap of $6.81 billion, a P/E ratio of 895.92, a PEG ratio of 6.32 and a beta of 0.99.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released 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 company had revenue of $411.63 million for 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% compared to the same quarter last year. During the same period last year, the firm earned $0.35 earnings per share. As a group, equities research analysts anticipate that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.