Mutual of America Capital Management LLC Sells 10,363 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Mutual of America Capital Management LLC reduced its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 19.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,050 shares of the industrial products company’s stock after selling 10,363 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Casella Waste Systems were worth $4,184,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new stake in shares of Casella Waste Systems in the first quarter valued at about $26,000. Opal Wealth Advisors LLC bought a new position in Casella Waste Systems in the second quarter worth about $29,000. GAMMA Investing LLC raised its holdings in Casella Waste Systems by 76.4% in the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 139 shares in the last quarter. Liberty One Investment Management LLC bought a new position in Casella Waste Systems in the second quarter worth about $167,000. Finally, Amalgamated Bank raised its holdings 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 purchasing an additional 126 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors.

Insider Activity at Casella Waste Systems

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 21,085 shares of the company’s stock, valued at approximately $2,252,088.85. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.24% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CWST has been the subject of a number of recent research reports. William Blair initiated coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. Stifel Nicolaus restated a “buy” rating and set a $117.00 price target (up previously from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. 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 note on Thursday, September 19th. 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 investment 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $111.50.

Casella Waste Systems Price Performance

Shares of CWST stock opened at $111.33 on Friday. The stock’s 50-day simple moving average is $102.90 and its 200-day simple moving average is $101.90. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 927.75, a PEG ratio of 6.48 and a beta of 0.99. Casella Waste Systems, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $112.64. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results 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 during 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS. As a group, equities 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.