Yarbrough Capital LLC Invests $347,000 in Casella Waste Systems, Inc. (NASDAQ:CWST)

Yarbrough Capital LLC purchased a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,282 shares of the industrial products company's stock, valued at approximately $347,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Amalgamated Bank boosted its holdings in shares of Casella Waste Systems by 6.4% in the 3rd quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company's stock valued at $210,000 after buying an additional 126 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of Casella Waste Systems by 1.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,436 shares of the industrial products company's stock worth $1,035,000 after purchasing an additional 183 shares during the period. Xponance Inc. lifted its holdings in shares of Casella Waste Systems by 5.9% in the 2nd quarter. Xponance Inc. now owns 3,633 shares of the industrial products company's stock worth $360,000 after purchasing an additional 204 shares during the last quarter. GAMMA Investing LLC boosted its position in Casella Waste Systems by 64.5% during the 3rd quarter. GAMMA Investing LLC now owns 528 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 207 shares during the period. Finally, Verdence Capital Advisors LLC grew its stake in Casella Waste Systems by 9.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,932 shares of the industrial products company's stock worth $292,000 after buying an additional 265 shares during the last quarter. Institutional investors own 99.51% of the company's stock.

Casella Waste Systems Price Performance

CWST stock traded down $0.09 during trading hours on Friday, hitting $111.72. 127,821 shares of the stock traded hands, compared to its average volume of 260,683. The company has a current ratio of 2.55, a quick ratio of 2.48 and a debt-to-equity ratio of 0.68. The stock has a 50-day simple moving average of $108.54 and a 200 day simple moving average of $104.85. Casella Waste Systems, Inc. has a one year low of $83.50 and a one year high of $114.88. The company has a market cap of $7.07 billion, a P/E ratio of 929.33, a P/E/G ratio of 3.81 and a beta of 1.03.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share (EPS) 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 business had revenue of $411.63 million during the quarter, compared to analyst estimates of $412.59 million. During the same period in the prior year, the firm earned $0.35 EPS. The business's revenue for the quarter was up 16.7% on a year-over-year basis. Equities analysts forecast that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CWST shares. William Blair began coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They set an "outperform" rating for the company. Stifel Nicolaus upped their target price on shares of Casella Waste Systems from $117.00 to $127.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Raymond James lifted their price target on Casella Waste Systems from $121.00 to $122.00 and gave the company a "strong-buy" rating in a report on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft decreased 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. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Casella Waste Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.00.

Insider Activity

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of the firm's 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 transaction, the senior vice president now directly owns 21,085 shares in the company, valued at $2,252,088.85. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 4.24% of the company's stock.

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.