Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 0.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,981 shares of the industrial products company’s stock after selling 100 shares during the period. Victory Capital Management Inc.’s holdings in Casella Waste Systems were worth $4,575,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Versor Investments LP bought a new stake in shares of Casella Waste Systems in the 3rd quarter worth approximately $527,000. Verdence Capital Advisors LLC increased its holdings in shares of Casella Waste Systems by 9.9% in the third quarter. Verdence Capital Advisors LLC now owns 2,932 shares of the industrial products company’s stock valued at $292,000 after buying an additional 265 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Casella Waste Systems by 6.4% in the third 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 in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Casella Waste Systems by 4.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 154,422 shares of the industrial products company’s stock worth $15,303,000 after acquiring an additional 7,185 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Casella Waste Systems by 108.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 66,129 shares of the industrial products company’s stock worth $6,579,000 after acquiring an additional 34,340 shares during the last quarter. Institutional investors own 99.51% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $106.81, for a total transaction 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 $2,252,088.85. The trade was a 7.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.24% of the company’s stock.

Casella Waste Systems Trading Up 1.1 %

Shares of NASDAQ CWST opened at $112.56 on Friday. Casella Waste Systems, Inc. has a one year low of $79.16 and a one year high of $112.85. The firm has a market capitalization of $7.13 billion, a PE ratio of 938.00, a PEG ratio of 6.48 and a beta of 0.99. 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 business has a 50-day moving average price of $102.99 and a two-hundred day moving average price of $102.03.

Casella Waste Systems (NASDAQ:CWST) last announced 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). 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 for the quarter, compared to analyst estimates of $412.59 million. During the same quarter in the previous year, the business posted $0.35 earnings per share. The company’s revenue was up 16.7% compared to the same quarter last year. As a group, analysts predict that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CWST has been the topic of a number of analyst reports. Raymond James lifted their price target 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. William Blair initiated coverage on Casella Waste Systems in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $117.00 price target (up previously from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $111.50.

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.