Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 10.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,323 shares of the industrial products company’s stock after selling 989 shares during the period. PNC Financial Services Group Inc.’s holdings in Casella Waste Systems were worth $928,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CWST. LPL Financial LLC grew its position in Casella Waste Systems by 37.9% in the 4th quarter. LPL Financial LLC now owns 25,067 shares of the industrial products company’s stock valued at $2,652,000 after buying an additional 6,888 shares in the last quarter. Wells Fargo & Company MN grew its position in Casella Waste Systems by 12.0% in the 4th quarter. Wells Fargo & Company MN now owns 100,764 shares of the industrial products company’s stock valued at $10,662,000 after buying an additional 10,758 shares in the last quarter. Bank of Montreal Can grew its position in Casella Waste Systems by 71.7% in the 4th quarter. Bank of Montreal Can now owns 5,200 shares of the industrial products company’s stock valued at $550,000 after buying an additional 2,172 shares in the last quarter. Raymond James Financial Inc. bought a new position in Casella Waste Systems in the 4th quarter valued at about $31,326,000. Finally, Covestor Ltd boosted its position in shares of Casella Waste Systems by 124.4% during the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 153 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Stock Performance

Shares of CWST opened at $99.95 on Tuesday. Casella Waste Systems, Inc. has a one year low of $97.05 and a one year high of $121.24. The company has a 50-day moving average of $111.55 and a two-hundred day moving average of $112.11. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 555.28, a PEG ratio of 4.07 and a beta of 0.83. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.70 and a quick ratio of 1.61.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, July 31st. The industrial products company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.31 by $0.05. The company had revenue of $465.33 million during the quarter, compared to analysts’ expectations of $454.01 million. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.97%. The business’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period last year, the company posted $0.22 earnings per share. On average, equities research analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on CWST. William Blair restated an “outperform” rating on shares of Casella Waste Systems in a research report on Tuesday, July 15th. Raymond James Financial set a $125.00 price objective on shares of Casella Waste Systems and gave the company a “strong-buy” rating in a research report on Monday, August 4th. Finally, Cowen restated a “buy” rating on shares of Casella Waste Systems in a research report on Friday, June 6th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.17.

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.