Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by Granite Investment Partners LLC

Granite Investment Partners LLC lessened its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 9.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 448,770 shares of the industrial products company’s stock after selling 45,460 shares during the period. Casella Waste Systems makes up 1.8% of Granite Investment Partners LLC’s investment portfolio, making the stock its 5th largest holding. Granite Investment Partners LLC’s holdings in Casella Waste Systems were worth $44,527,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. lifted its stake in shares of 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 valued at $1,035,000 after purchasing an additional 183 shares during the period. XTX Topco Ltd acquired a new stake in shares of Casella Waste Systems in the second quarter valued at about $366,000. Vanguard Personalized Indexing Management LLC lifted its stake in shares of 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. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Casella Waste Systems in the second quarter valued at about $426,000. Finally, Mutual of America Capital Management LLC raised its position in Casella Waste Systems by 8.6% during the second quarter. Mutual of America Capital Management LLC now owns 52,413 shares of the industrial products company’s stock worth $5,200,000 after acquiring an additional 4,154 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Stock Performance

Shares of NASDAQ CWST opened at $101.23 on Friday. The company has a market cap of $5.87 billion, a PE ratio of 326.55, a price-to-earnings-growth ratio of 9.08 and a beta of 0.99. Casella Waste Systems, Inc. has a 12 month low of $72.97 and a 12 month high of $109.08. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 1.51. The company has a 50-day simple moving average of $104.87 and a 200-day simple moving average of $99.40.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Thursday, August 1st. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). Casella Waste Systems had a net margin of 1.35% and a return on equity of 3.83%. The company had revenue of $377.20 million during the quarter, compared to analysts’ expectations of $373.87 million. During the same quarter in the previous year, the firm posted $0.36 earnings per share. Casella Waste Systems’s revenue for the quarter was up 30.2% compared to the same quarter last year. On average, equities analysts anticipate that Casella Waste Systems, Inc. will post 0.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CWST. Stifel Nicolaus restated a “buy” rating and set a $117.00 target price (up previously from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Raymond James lifted their target price 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. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Casella Waste Systems in a research report on Thursday, May 23rd. They set a “hold” rating and a $106.00 target price for the company. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $108.20.

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.