Intech Investment Management LLC Buys Shares of 16,431 Casella Waste Systems, Inc. (NASDAQ:CWST)

Intech Investment Management LLC bought a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) in the third quarter, Holdings Channel reports. The fund bought 16,431 shares of the industrial products company’s stock, valued at approximately $1,635,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Casella Waste Systems by 9.0% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 246,519 shares of the industrial products company’s stock valued at $24,526,000 after buying an additional 20,270 shares during the last quarter. Moran Wealth Management LLC grew its holdings in shares of Casella Waste Systems by 37.6% during the third quarter. Moran Wealth Management LLC now owns 5,412 shares of the industrial products company’s stock valued at $538,000 after buying an additional 1,478 shares during the last quarter. Global Alpha Capital Management Ltd. grew its holdings in shares of Casella Waste Systems by 10.8% during the third quarter. Global Alpha Capital Management Ltd. now owns 375,212 shares of the industrial products company’s stock valued at $37,330,000 after buying an additional 36,469 shares during the last quarter. Segall Bryant & Hamill LLC grew its holdings in shares of Casella Waste Systems by 4.8% during the third quarter. Segall Bryant & Hamill LLC now owns 322,782 shares of the industrial products company’s stock valued at $32,114,000 after buying an additional 14,795 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Casella Waste Systems by 7.8% during the third quarter. PNC Financial Services Group Inc. now owns 9,661 shares of the industrial products company’s stock valued at $961,000 after buying an additional 695 shares during the last quarter. Institutional investors own 99.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CWST. Deutsche Bank Aktiengesellschaft cut their price target on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus reiterated a “buy” rating and set a $117.00 price target (up previously from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. William Blair started coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Finally, Raymond James raised 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 report on Thursday, September 19th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.50.

Insider Transactions at Casella Waste Systems

In other news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction on 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 owns 21,085 shares in the company, valued at $2,252,088.85. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 4.24% of the company’s stock.

Casella Waste Systems Trading Up 0.3 %

Shares of CWST stock opened at $112.91 on Tuesday. Casella Waste Systems, Inc. has a 12-month low of $79.16 and a 12-month high of $114.56. 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 firm’s 50 day moving average is $103.08 and its 200 day moving average is $102.23. The stock has a market capitalization of $7.15 billion, a P/E ratio of 940.92, a P/E/G ratio of 6.67 and a beta of 0.99.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results 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 return on equity of 3.04% and a net margin of 0.46%. The company had revenue of $411.63 million during the quarter, compared to analysts’ expectations of $412.59 million. During the same quarter in the prior year, the business posted $0.35 EPS. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. Research analysts expect that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current 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.