Wealth Enhancement Advisory Services LLC Purchases 36,573 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Wealth Enhancement Advisory Services LLC boosted its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 87.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 78,549 shares of the industrial products company's stock after purchasing an additional 36,573 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.12% of Casella Waste Systems worth $7,815,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. boosted its holdings in Casella Waste Systems by 36.1% in the second quarter. Federated Hermes Inc. now owns 11,374 shares of the industrial products company's stock worth $1,129,000 after acquiring an additional 3,019 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Casella Waste Systems by 34.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 71,543 shares of the industrial products company's stock worth $7,098,000 after acquiring an additional 18,417 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Casella Waste Systems by 1.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 316,833 shares of the industrial products company's stock valued at $31,436,000 after acquiring an additional 4,504 shares in the last quarter. Williams Financial LLC acquired a new position in Casella Waste Systems during the 2nd quarter valued at about $2,427,000. Finally, Dimensional Fund Advisors LP increased 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 purchasing an additional 26,189 shares in the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Casella Waste Systems

In related news, SVP Paul Ligon sold 1,730 shares of the 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 sale, the senior vice president now owns 21,085 shares of the company's stock, valued at approximately $2,252,088.85. This represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Stifel Nicolaus upped their price target on Casella Waste Systems from $117.00 to $127.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. William Blair assumed coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They set an "outperform" rating on the stock. Raymond James increased their price objective on shares of 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. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on 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 investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $114.00.

Casella Waste Systems Stock Performance

Casella Waste Systems stock traded up $0.04 during trading on Monday, hitting $106.97. The stock had a trading volume of 40,151 shares, compared to its average volume of 223,154. The stock's 50 day moving average is $107.97 and its two-hundred day moving average is $104.61. Casella Waste Systems, Inc. has a 1 year low of $82.84 and a 1 year high of $114.88. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 891.42, a price-to-earnings-growth ratio of 6.53 and a beta of 1.03. 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 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. The firm had revenue of $411.63 million for the quarter, compared to the consensus estimate of $412.59 million. During the same quarter in the previous year, the company posted $0.35 EPS. The firm's revenue was up 16.7% compared to the same quarter last year. As a group, analysts predict that Casella Waste Systems, Inc. will post 0.65 EPS for the current year.

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.