Wellington Management Group LLP increased its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 50.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,454,453 shares of the industrial products company's stock after buying an additional 487,661 shares during the period. Wellington Management Group LLP owned 2.30% of Casella Waste Systems worth $144,704,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC raised its holdings in Casella Waste Systems by 3.1% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 3,386,970 shares of the industrial products company's stock worth $336,055,000 after purchasing an additional 101,995 shares during the last quarter. Wasatch Advisors LP grew its position in shares of Casella Waste Systems by 0.3% during the 3rd quarter. Wasatch Advisors LP now owns 1,739,222 shares of the industrial products company's stock worth $173,035,000 after buying an additional 4,462 shares during the period. Earnest Partners LLC raised its stake in shares of Casella Waste Systems by 3.2% during the second quarter. Earnest Partners LLC now owns 1,680,358 shares of the industrial products company's stock worth $166,725,000 after buying an additional 51,516 shares during the last quarter. State Street Corp lifted its holdings in Casella Waste Systems by 5.7% in the third quarter. State Street Corp now owns 1,387,662 shares of the industrial products company's stock valued at $138,058,000 after buying an additional 75,352 shares during the period. Finally, Geneva Capital Management LLC grew its holdings in Casella Waste Systems by 0.4% during the 3rd quarter. Geneva Capital Management LLC now owns 1,040,619 shares of the industrial products company's stock worth $103,531,000 after acquiring an additional 4,324 shares during the period. Institutional investors own 99.51% of the company's stock.
Analyst Upgrades and Downgrades
CWST has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective 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. William Blair started coverage on shares of Casella Waste Systems in a research note on Thursday, October 3rd. They issued an "outperform" rating on the stock. Finally, Raymond James upped their price objective on Casella Waste Systems from $121.00 to $122.00 and gave the stock a "strong-buy" rating in a research note on Thursday, September 19th. Two 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 has a consensus rating of "Moderate Buy" and a consensus price target of $111.50.
Get Our Latest Stock Report on CWST
Casella Waste Systems Stock Performance
Shares of CWST stock traded down $0.58 during trading on Tuesday, reaching $109.09. 248,546 shares of the company's stock were exchanged, compared to its average volume of 313,388. The firm's fifty day moving average price is $105.41 and its 200-day moving average price is $103.21. Casella Waste Systems, Inc. has a twelve month low of $80.04 and a twelve month high of $114.88. The stock has a market capitalization of $6.91 billion, a PE ratio of 913.92, a PEG ratio of 6.59 and a beta of 1.02. 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 announced its earnings results on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates 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 last year, the business posted $0.35 EPS. Casella Waste Systems's revenue for the quarter was up 16.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Casella Waste Systems, Inc. will post 0.65 EPS for the current year.
Insider Activity
In other news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction that occurred on 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 directly owns 21,085 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this link. 4.24% of the stock is currently owned by company insiders.
Casella Waste Systems Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Casella Waste Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Casella Waste Systems wasn't on the list.
While Casella Waste Systems currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.