Casella Waste Systems, Inc. $CWST Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. reduced its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 25.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 750,156 shares of the industrial products company’s stock after selling 249,499 shares during the quarter. Brown Advisory Inc. owned about 1.18% of Casella Waste Systems worth $86,553,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CWST. Maseco LLP purchased a new stake in Casella Waste Systems in the 2nd quarter valued at $25,000. Ameritas Advisory Services LLC acquired a new position in Casella Waste Systems in the second quarter valued at $25,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Casella Waste Systems by 325.5% in the second quarter. Caitong International Asset Management Co. Ltd now owns 217 shares of the industrial products company’s stock valued at $25,000 after buying an additional 166 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Casella Waste Systems by 301.6% in the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after buying an additional 184 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Casella Waste Systems during the second quarter worth about $33,000. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Casella Waste Systems Stock Down 0.1%

CWST stock opened at $94.57 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.43 and a debt-to-equity ratio of 0.72. The company’s 50-day moving average price is $90.64 and its 200 day moving average price is $100.67. Casella Waste Systems, Inc. has a 52 week low of $82.22 and a 52 week high of $121.24. The company has a market cap of $6.00 billion, a P/E ratio of 394.06 and a beta of 0.80.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Thursday, October 30th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. The company had revenue of $485.35 million during the quarter, compared to the consensus estimate of $477.24 million. Casella Waste Systems had a net margin of 0.85% and a return on equity of 5.63%. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. On average, research analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CWST. UBS Group boosted their price target on Casella Waste Systems from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Stifel Nicolaus initiated coverage on Casella Waste Systems in a report on Monday, September 29th. They issued a “buy” rating and a $113.00 target price on the stock. Loop Capital upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research note on Friday, September 19th. The Goldman Sachs Group dropped their price objective on shares of Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, Raymond James Financial restated a “strong-buy” rating and set a $120.00 price objective on shares of Casella Waste Systems in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $113.75.

Casella Waste Systems Company Profile

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.