Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors raised its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 3.2% in the third quarter, HoldingsChannel reports. The fund owned 12,111 shares of the industrial products company’s stock after purchasing an additional 377 shares during the period. Captrust Financial Advisors’ holdings in Casella Waste Systems were worth $1,205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of CWST. GAMMA Investing LLC boosted 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 acquiring an additional 139 shares in the last quarter. Liberty One Investment Management LLC acquired a new position in Casella Waste Systems in the 2nd quarter worth about $167,000. Amalgamated Bank boosted its position in Casella Waste Systems by 6.4% during the third quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock worth $210,000 after purchasing an additional 126 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Casella Waste Systems by 12.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,743 shares of the industrial products company’s stock valued at $272,000 after purchasing an additional 311 shares during the period. Finally, Cetera Advisors LLC purchased a new stake in shares of Casella Waste Systems in the first quarter valued at approximately $281,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Wall Street Analysts Forecast Growth

CWST has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. William Blair initiated coverage on shares of Casella Waste Systems in a research report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Finally, Raymond James upped their price target on shares of 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. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $111.50.

Casella Waste Systems Trading Up 0.5 %

Shares of CWST opened at $111.21 on Monday. Casella Waste Systems, Inc. has a 52-week low of $80.04 and a 52-week high of $114.88. The stock has a market cap of $7.04 billion, a PE ratio of 926.75, a price-to-earnings-growth ratio of 6.64 and a beta of 1.02. The firm’s fifty day moving average is $105.20 and its two-hundred day moving average is $103.13. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The business 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 company posted $0.35 EPS. The firm’s revenue was up 16.7% on a year-over-year basis. Research analysts forecast that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $106.81, for a total transaction of $184,781.30. Following the transaction, the senior vice president now directly owns 21,085 shares of the company’s stock, valued at $2,252,088.85. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.24% of the stock is currently owned by company insiders.

About Casella Waste Systems

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.