Ensign Peak Advisors Inc Has $24.01 Million Stock Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Ensign Peak Advisors Inc decreased its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 241,986 shares of the industrial products company’s stock after selling 10,591 shares during the period. Ensign Peak Advisors Inc’s holdings in Casella Waste Systems were worth $24,010,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CWST. New Covenant Trust Company N.A. bought a new position in shares of Casella Waste Systems in the 1st quarter valued at about $26,000. Opal Wealth Advisors LLC acquired a new stake in shares of Casella Waste Systems during the second quarter worth $29,000. GAMMA Investing LLC increased its holdings in Casella Waste Systems by 76.4% in the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 139 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in Casella Waste Systems in the fourth quarter valued at about $28,000. Finally, Parallel Advisors LLC boosted its holdings in Casella Waste Systems by 232.0% during the fourth quarter. Parallel Advisors LLC now owns 332 shares of the industrial products company’s stock worth $28,000 after buying an additional 232 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Casella Waste Systems Trading Down 1.4 %

Shares of NASDAQ:CWST opened at $99.83 on Monday. The company’s fifty day simple moving average is $104.80 and its 200 day simple moving average is $99.56. Casella Waste Systems, Inc. has a 12 month low of $72.97 and a 12 month high of $109.08. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 322.03, a PEG ratio of 9.08 and a beta of 0.99. The company has a quick ratio of 1.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.94.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.06). Casella Waste Systems had a return on equity of 3.83% and a net margin of 1.35%. The firm had revenue of $377.20 million for the quarter, compared to analyst estimates of $373.87 million. During the same period in the prior year, the company earned $0.36 earnings per share. The firm’s quarterly revenue was up 30.2% on a year-over-year basis. As a group, research analysts forecast that Casella Waste Systems, Inc. will post 0.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CWST shares. Stifel Nicolaus restated a “buy” rating and set a $117.00 price objective (up previously from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Raymond James upped 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 report on Thursday. 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. According to data from MarketBeat, Casella Waste Systems has a consensus rating of “Moderate Buy” and an average price target of $108.20.

Casella Waste Systems 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.