Raymond James Financial Services Advisors Inc. Sells 3,476 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Raymond James Financial Services Advisors Inc. decreased its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST – Get Rating) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,905 shares of the industrial products company’s stock after selling 3,476 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.08% of Casella Waste Systems worth $3,244,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CWST. Amalgamated Bank boosted its position in Casella Waste Systems by 1.6% during the third quarter. Amalgamated Bank now owns 8,037 shares of the industrial products company’s stock valued at $614,000 after acquiring an additional 127 shares during the last quarter. First Republic Investment Management Inc. boosted its position in Casella Waste Systems by 1.1% during the second quarter. First Republic Investment Management Inc. now owns 11,951 shares of the industrial products company’s stock valued at $869,000 after acquiring an additional 131 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Casella Waste Systems by 42.2% during the third quarter. Public Employees Retirement System of Ohio now owns 475 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 141 shares during the last quarter. Martingale Asset Management L P boosted its position in Casella Waste Systems by 0.5% during the third quarter. Martingale Asset Management L P now owns 28,520 shares of the industrial products company’s stock valued at $2,179,000 after acquiring an additional 152 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Casella Waste Systems by 0.5% during the third quarter. Victory Capital Management Inc. now owns 31,548 shares of the industrial products company’s stock valued at $2,410,000 after acquiring an additional 161 shares during the last quarter. Institutional investors own 96.77% of the company’s stock.

Wall Street Analysts Forecast Growth

CWST has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price objective on shares of Casella Waste Systems from $94.00 to $103.00 in a research report on Monday, May 15th. Raymond James cut their price objective on shares of Casella Waste Systems from $92.00 to $90.00 and set a “strong-buy” rating on the stock in a research report on Thursday, February 23rd. Bank of America increased their price objective on shares of Casella Waste Systems from $79.00 to $89.00 in a research report on Monday, May 1st. Finally, StockNews.com assumed coverage on shares of Casella Waste Systems in a report on Thursday. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $94.40.

Insider Activity

In other news, SVP Paul Ligon sold 869 shares of the stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $75.65, for a total transaction of $65,739.85. Following the completion of the transaction, the senior vice president now directly owns 23,981 shares of the company’s stock, valued at approximately $1,814,162.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Paul Ligon sold 869 shares of the stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $75.65, for a total transaction of $65,739.85. Following the completion of the transaction, the senior vice president now directly owns 23,981 shares of the company’s stock, valued at approximately $1,814,162.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Edmond Coletta sold 16,135 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $75.65, for a total transaction of $1,220,612.75. Following the completion of the transaction, the chief financial officer now directly owns 165,382 shares of the company’s stock, valued at $12,511,148.30. The disclosure for this sale can be found here. Insiders sold 17,498 shares of company stock valued at $1,323,724 in the last three months. Company insiders own 4.75% of the company’s stock.

Casella Waste Systems Trading Down 0.4 %

NASDAQ:CWST opened at $94.17 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.20 and a current ratio of 1.29. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 93.24, a price-to-earnings-growth ratio of 5.28 and a beta of 0.92. Casella Waste Systems, Inc. has a 52 week low of $63.90 and a 52 week high of $95.78. The firm has a 50-day moving average price of $85.91 and a two-hundred day moving average price of $82.32.

Casella Waste Systems (NASDAQ:CWST – Get Rating) last posted its quarterly earnings data on Friday, April 28th. The industrial products company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. The firm had revenue of $262.60 million during the quarter, compared to analyst estimates of $255.14 million. Casella Waste Systems had a net margin of 4.71% and a return on equity of 11.61%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $0.11 EPS. On average, equities analysts expect that Casella Waste Systems, Inc. will post 1.2 earnings per share for the current fiscal year.

Casella Waste Systems Profile

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Casella Waste Systems, Inc engages in the provision of solid waste management. It operates through the Eastern Region and Western Region geographical segments. The Eastern region segment involves the transfer, landfill, processing, and recycling assets serviced by collection operations. The Western region segment consists of waste sheds in western New York, which include the Ithaca, Elmira, Oneonta, Lowville, Potsdam, Geneva, Auburn, Rochester, Dunkirk, Jamestown and Olean markets.