Conestoga Capital Advisors LLC cut its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST – Free Report) by 26.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,720,853 shares of the industrial products company’s stock after selling 615,303 shares during the period. Casella Waste Systems accounts for 4.2% of Conestoga Capital Advisors LLC’s holdings, making the stock its 2nd biggest position. Conestoga Capital Advisors LLC’s holdings in Casella Waste Systems were worth $138,271,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CWST. Versant Capital Management Inc grew its holdings in Casella Waste Systems by 54.8% in the third quarter. Versant Capital Management Inc now owns 449 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 159 shares during the last quarter. ZWJ Investment Counsel Inc. increased its position in shares of Casella Waste Systems by 4.9% in the third quarter. ZWJ Investment Counsel Inc. now owns 4,006 shares of the industrial products company’s stock valued at $322,000 after buying an additional 188 shares in the last quarter. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Casella Waste Systems during the 2nd quarter worth $29,000. KBC Group NV raised its stake in shares of Casella Waste Systems by 21.0% during the 1st quarter. KBC Group NV now owns 2,019 shares of the industrial products company’s stock worth $160,000 after buying an additional 351 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Casella Waste Systems during the 2nd quarter worth $36,000. 99.51% of the stock is owned by institutional investors and hedge funds.
Casella Waste Systems Price Performance
Shares of NASDAQ:CWST opened at $98.88 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.99 and a current ratio of 0.99. The business’s fifty day moving average price is $89.01 and its two-hundred day moving average price is $90.16. The stock has a market cap of $6.29 billion, a PE ratio of 1,098.79 and a beta of 0.71. Casella Waste Systems, Inc. has a one year low of $74.05 and a one year high of $107.96.
Casella Waste Systems (NASDAQ:CWST – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The industrial products company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Casella Waste Systems had a return on equity of 5.32% and a net margin of 0.29%. The company had revenue of $543.75 million during the quarter, compared to analysts’ expectations of $526.43 million. During the same period in the previous year, the firm posted $0.36 earnings per share. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. On average, analysts forecast that Casella Waste Systems, Inc. will post 1.22 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
CWST has been the topic of several recent research reports. Weiss Ratings lowered shares of Casella Waste Systems from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 30th. Raymond James Financial restated a “strong-buy” rating and set a $106.00 target price on shares of Casella Waste Systems in a report on Friday, October 9th. UBS Group cut shares of Casella Waste Systems from a “buy” rating to a “neutral” rating and cut their target price for the stock from $122.00 to $95.00 in a research report on Wednesday, October 21st. JPMorgan Chase & Co. lifted their target price on shares of Casella Waste Systems from $91.00 to $99.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 21st. Finally, Barclays upped their price target on shares of Casella Waste Systems from $102.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $104.80.
View Our Latest Analysis on Casella Waste Systems
Insiders Place Their Bets
In related news, Director Douglas Casella sold 1,343 shares of Casella Waste Systems stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $91.12, for a total transaction of $122,374.16. Following the completion of the sale, the director owned 90,141 shares in the company, valued at approximately $8,213,647.92. This trade represents a 1.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Burke sold 1,100 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $95.26, for a total transaction of $104,786.00. Following the completion of the transaction, the director directly owned 13,641 shares of the company’s stock, valued at $1,299,441.66. The trade was a 7.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 18,700 shares of company stock worth $1,709,494. Corporate insiders own 3.78% of the company’s stock.
About Casella Waste Systems
Casella Waste Systems, Inc is a regional solid waste services company founded in 1975 and headquartered in Rutland, Vermont. The company provides collection, transfer, disposal, recycling and organics services for residential, commercial, industrial and municipal customers.
Casella operates an integrated network of solid waste management assets, including transfer stations, recycling facilities, landfills, composting and organics-processing operations, and resource-recovery facilities.
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