Casella Waste Systems, Inc. (NASDAQ:CWST) Stake Raised by Amalgamated Bank

Amalgamated Bank grew its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 6.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,110 shares of the industrial products company’s stock after buying an additional 126 shares during the period. Amalgamated Bank’s holdings in Casella Waste Systems were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new stake in shares of Casella Waste Systems during the first quarter valued at approximately $26,000. Opal Wealth Advisors LLC bought a new stake in Casella Waste Systems during the second quarter worth approximately $29,000. GAMMA Investing LLC raised its holdings in Casella Waste Systems by 76.4% during the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 139 shares in the last quarter. Liberty One Investment Management LLC bought a new stake in Casella Waste Systems during the second quarter worth approximately $167,000. Finally, SG Americas Securities LLC bought a new stake in Casella Waste Systems during the first quarter worth approximately $263,000. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Price Performance

NASDAQ CWST opened at $106.55 on Monday. The stock has a market capitalization of $6.75 billion, a P/E ratio of 887.92, a P/E/G ratio of 6.31 and a beta of 0.99. Casella Waste Systems, Inc. has a 1 year low of $79.16 and a 1 year high of $111.01. The business’s fifty day moving average is $102.58 and its two-hundred day moving average is $101.54. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly 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 net margin of 0.46% and a return on equity of 3.04%. The company had revenue of $411.63 million during the quarter, compared to the consensus estimate of $412.59 million. During the same period in the prior year, the company posted $0.35 EPS. Casella Waste Systems’s quarterly revenue was up 16.7% on a year-over-year basis. On average, research analysts forecast that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction that occurred 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 directly owns 21,085 shares in the company, valued at approximately $2,252,088.85. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CWST shares. William Blair started coverage on Casella Waste Systems in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Raymond James boosted their target price on Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 19th. Stifel Nicolaus reissued a “buy” rating and set a $117.00 target price (up previously from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $111.50.

About Casella Waste Systems

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.