Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Acquired by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC boosted its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 9.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,932 shares of the industrial products company’s stock after buying an additional 265 shares during the period. Verdence Capital Advisors LLC’s holdings in Casella Waste Systems were worth $292,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. bought a new stake in Casella Waste Systems in the 1st quarter valued at about $26,000. Opal Wealth Advisors LLC bought a new position in Casella Waste Systems in the 2nd quarter worth approximately $29,000. GAMMA Investing LLC boosted its position in 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 acquiring an additional 139 shares during the period. Mark Sheptoff Financial Planning LLC raised its stake in shares of Casella Waste Systems by 100.0% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,000 shares of the industrial products company’s stock valued at $99,000 after purchasing an additional 500 shares in the last quarter. Finally, Liberty One Investment Management LLC acquired a new stake in Casella Waste Systems in the second quarter worth about $167,000. 99.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CWST has been the topic of several research analyst reports. Raymond James raised their target price 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. Stifel Nicolaus reaffirmed a “buy” rating and set a $117.00 price target (up from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. William Blair assumed coverage on Casella Waste Systems in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Two 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’s stock. According to MarketBeat, Casella Waste Systems has a consensus rating of “Moderate Buy” and a consensus target price of $111.50.

Insider Buying and Selling

In other news, SVP Paul Ligon sold 1,730 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was 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 owns 21,085 shares of the company’s stock, valued at $2,252,088.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 4.24% of the company’s stock.

Casella Waste Systems Stock Performance

Shares of NASDAQ CWST opened at $107.51 on Wednesday. Casella Waste Systems, Inc. has a 52-week low of $77.96 and a 52-week high of $109.19. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 895.92, a PEG ratio of 6.32 and a beta of 0.99. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $102.38 and its 200 day simple moving average is $101.17.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The firm had revenue of $411.63 million for the quarter, compared to analysts’ expectations of $412.59 million. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. Casella Waste Systems’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 earnings per share. As a group, sell-side analysts forecast that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.

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.