Glenmede Trust Co. NA Sells 1,213 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Glenmede Trust Co. NA lowered its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 6.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,687 shares of the industrial products company’s stock after selling 1,213 shares during the quarter. Glenmede Trust Co. NA’s holdings in Casella Waste Systems were worth $1,660,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Amalgamated Bank lifted its stake in Casella Waste Systems by 6.4% in the third quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock worth $210,000 after acquiring an additional 126 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Casella Waste Systems by 1.8% during the second quarter. Principal Financial Group Inc. now owns 7,730 shares of the industrial products company’s stock valued at $767,000 after purchasing an additional 135 shares in the last quarter. GAMMA Investing LLC increased its holdings in Casella Waste Systems by 76.4% during the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock valued at $32,000 after buying an additional 139 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in Casella Waste Systems by 1.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 10,436 shares of the industrial products company’s stock worth $1,035,000 after buying an additional 183 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in Casella Waste Systems by 3.6% during the second quarter. Crossmark Global Holdings Inc. now owns 5,607 shares of the industrial products company’s stock worth $556,000 after buying an additional 195 shares during the period. 99.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Casella Waste Systems

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $106.81, for a total value of $184,781.30. Following the sale, the senior vice president now directly owns 21,085 shares of the company’s stock, valued at approximately $2,252,088.85. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Raymond James boosted their price target on Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a research report on Thursday, September 19th. Stifel Nicolaus reissued a “buy” rating and set a $117.00 price target (up from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. William Blair began coverage on shares of Casella Waste Systems in a research report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $111.50.

Casella Waste Systems Trading Up 0.8 %

Casella Waste Systems stock opened at $113.21 on Monday. Casella Waste Systems, Inc. has a one year low of $79.47 and a one year high of $114.56. The stock has a market cap of $7.17 billion, a PE ratio of 943.42, a price-to-earnings-growth ratio of 6.71 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55. The stock has a 50-day moving average of $103.90 and a two-hundred day moving average of $102.62.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share 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 company had revenue of $411.63 million for the quarter, compared to analysts’ expectations of $412.59 million. During the same period in the prior year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, research analysts anticipate that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal 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.