LPL Financial LLC boosted its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST – Free Report) by 9.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,047 shares of the industrial products company’s stock after purchasing an additional 1,624 shares during the quarter. LPL Financial LLC’s holdings in Casella Waste Systems were worth $1,632,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. Signaturefd LLC increased its holdings in Casella Waste Systems by 34.1% in the first quarter. Signaturefd LLC now owns 448 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 114 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of Casella Waste Systems by 1.2% during the first quarter. CIBC Private Wealth Group LLC now owns 10,299 shares of the industrial products company’s stock valued at $851,000 after acquiring an additional 121 shares in the last quarter. Knights of Columbus Asset Advisors LLC increased its holdings in shares of Casella Waste Systems by 0.4% during the first quarter. Knights of Columbus Asset Advisors LLC now owns 28,736 shares of the industrial products company’s stock valued at $2,375,000 after acquiring an additional 122 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Casella Waste Systems by 10.1% during the second quarter. Allworth Financial LP now owns 1,363 shares of the industrial products company’s stock valued at $123,000 after acquiring an additional 125 shares in the last quarter. Finally, First Republic Investment Management Inc. increased its holdings in shares of 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 in the last quarter. 95.28% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms have recently commented on CWST. Raymond James decreased their price objective on Casella Waste Systems from $104.00 to $100.00 and set a “strong-buy” rating for the company in a report on Monday, July 31st. TheStreet downgraded Casella Waste Systems from a “b-” rating to a “c+” rating in a report on Friday, October 6th. StockNews.com cut Casella Waste Systems from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. The Goldman Sachs Group began coverage on Casella Waste Systems in a research report on Thursday, September 14th. They set a “buy” rating and a $100.00 target price on the stock. Finally, Wolfe Research began coverage on Casella Waste Systems in a research report on Tuesday, October 17th. They set an “outperform” rating and a $96.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.67.
Casella Waste Systems Stock Down 0.1 %
CWST stock opened at $78.67 on Tuesday. The stock’s fifty day simple moving average is $78.07 and its two-hundred day simple moving average is $83.73. The company has a current ratio of 1.63, a quick ratio of 1.56 and a debt-to-equity ratio of 0.98. Casella Waste Systems, Inc. has a 1-year low of $72.33 and a 1-year high of $95.78. The stock has a market cap of $4.56 billion, a P/E ratio of 122.92, a P/E/G ratio of 5.29 and a beta of 0.94.
Casella Waste Systems (NASDAQ:CWST – Get Free Report) last posted its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. Casella Waste Systems had a return on equity of 7.07% and a net margin of 3.03%. The business had revenue of $352.70 million for the quarter, compared to analysts’ expectations of $360.67 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The business’s revenue was up 19.4% on a year-over-year basis. Analysts expect that Casella Waste Systems, Inc. will post 1 EPS for the current year.
Insiders Place Their Bets
In other Casella Waste Systems news, CFO Edmond Coletta sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $81.66, for a total value of $816,600.00. Following the transaction, the chief financial officer now owns 156,424 shares of the company’s stock, valued at $12,773,583.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 5.05% of the company’s stock.
Casella Waste Systems Profile
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.
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