2,900 Shares in Casella Waste Systems, Inc. (NASDAQ:CWST) Bought by Cibc World Market Inc.

Cibc World Market Inc. bought a new stake in Casella Waste Systems, Inc. (NASDAQ:CWSTGet Rating) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,900 shares of the industrial products company’s stock, valued at approximately $211,000.

Several other institutional investors also recently made changes to their positions in CWST. Principal Financial Group Inc. lifted its stake in shares of Casella Waste Systems by 54.4% in the second quarter. Principal Financial Group Inc. now owns 41,866 shares of the industrial products company’s stock valued at $3,043,000 after purchasing an additional 14,746 shares during the period. William Blair Investment Management LLC lifted its position in shares of Casella Waste Systems by 0.9% during the 2nd quarter. William Blair Investment Management LLC now owns 2,092,536 shares of the industrial products company’s stock valued at $152,086,000 after acquiring an additional 18,519 shares during the period. WINTON GROUP Ltd boosted its stake in shares of Casella Waste Systems by 14.5% during the 2nd quarter. WINTON GROUP Ltd now owns 11,043 shares of the industrial products company’s stock worth $803,000 after acquiring an additional 1,397 shares in the last quarter. Duality Advisers LP acquired a new stake in shares of Casella Waste Systems in the 2nd quarter worth approximately $907,000. Finally, Verdence Capital Advisors LLC purchased a new position in Casella Waste Systems in the 2nd quarter valued at approximately $215,000. 96.50% of the stock is currently owned by hedge funds and other institutional investors.

Casella Waste Systems Stock Performance

NASDAQ CWST opened at $85.07 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.18 and a debt-to-equity ratio of 1.19. Casella Waste Systems, Inc. has a fifty-two week low of $63.90 and a fifty-two week high of $92.75. The business has a fifty day moving average of $79.06 and a 200-day moving average of $77.04. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 81.80, a price-to-earnings-growth ratio of 3.60 and a beta of 0.96.

Casella Waste Systems (NASDAQ:CWSTGet Rating) last posted its quarterly earnings data on Friday, October 28th. The industrial products company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $295.27 million during the quarter, compared to analysts’ expectations of $270.48 million. Casella Waste Systems had a return on equity of 12.97% and a net margin of 5.10%. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 EPS. As a group, analysts predict that Casella Waste Systems, Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Activity at Casella Waste Systems

In other Casella Waste Systems news, CEO John W. Casella sold 19,385 shares of Casella Waste Systems stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $81.66, for a total value of $1,582,979.10. Following the completion of the sale, the chief executive officer now directly owns 11,601 shares of the company’s stock, valued at approximately $947,337.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO John W. Casella sold 19,385 shares of the firm’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $81.66, for a total transaction of $1,582,979.10. Following the sale, the chief executive officer now owns 11,601 shares in the company, valued at $947,337.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas R. Casella sold 23,053 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $81.05, for a total value of $1,868,445.65. Following the completion of the transaction, the director now owns 158,773 shares of the company’s stock, valued at $12,868,551.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,385 shares of company stock valued at $5,632,245. Company insiders own 5.05% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. StockNews.com upgraded Casella Waste Systems from a “hold” rating to a “buy” rating in a research report on Saturday, November 5th. TheStreet raised shares of Casella Waste Systems from a “c+” rating to a “b-” rating in a research note on Friday, July 29th. Raymond James raised their target price on shares of Casella Waste Systems from $88.00 to $92.00 and gave the company a “strong-buy” rating in a report on Monday, October 31st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $95.00 price target on shares of Casella Waste Systems in a report on Tuesday, October 25th.

Casella Waste Systems Profile

(Get Rating)

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the northeastern 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.

Recommended Stories

Want to see what other hedge funds are holding CWST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Casella Waste Systems, Inc. (NASDAQ:CWSTGet Rating).

Institutional Ownership by Quarter for Casella Waste Systems (NASDAQ:CWST)

Receive News & Ratings for Casella Waste Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casella Waste Systems and related companies with MarketBeat.com's FREE daily email newsletter.