Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 2.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 193,225 shares of the industrial products company’s stock after selling 5,871 shares during the period. Thrivent Financial for Lutherans’ holdings in Casella Waste Systems were worth $19,172,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new position in shares of Casella Waste Systems during the 1st quarter worth $26,000. Johnson Financial Group Inc. acquired a new position in Casella Waste Systems during the fourth quarter worth about $28,000. Parallel Advisors LLC lifted its holdings in shares of Casella Waste Systems by 232.0% in the fourth quarter. Parallel Advisors LLC now owns 332 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 232 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Casella Waste Systems in the second quarter valued at approximately $29,000. Finally, GAMMA Investing LLC increased its stake in shares of Casella Waste Systems by 76.4% during the 2nd quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 139 shares in the last quarter. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on CWST shares. Stifel Nicolaus reiterated a “buy” rating and set a $117.00 target price (up previously from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Raymond James increased their price objective on 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. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $108.20.

Casella Waste Systems Trading Up 0.0 %

Shares of Casella Waste Systems stock opened at $100.13 on Wednesday. Casella Waste Systems, Inc. has a fifty-two week low of $72.97 and a fifty-two week high of $109.08. The business’s fifty day moving average is $104.59 and its two-hundred day moving average is $99.65. The company has a quick ratio of 1.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. The firm has a market cap of $5.81 billion, a PE ratio of 323.00, a P/E/G ratio of 9.08 and a beta of 0.99.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results 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). The business had revenue of $377.20 million for the quarter, compared to analysts’ expectations of $373.87 million. Casella Waste Systems had a return on equity of 3.83% and a net margin of 1.35%. The business’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.36 earnings per share. Analysts anticipate that Casella Waste Systems, Inc. will post 0.57 earnings per share 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.