Trust Co. of Vermont Reduces Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Trust Co. of Vermont reduced its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 48.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 325 shares of the industrial products company’s stock after selling 300 shares during the period. Trust Co. of Vermont’s holdings in Casella Waste Systems were worth $28,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CWST. Operose Advisors LLC purchased a new stake in Casella Waste Systems in the 3rd quarter worth approximately $25,000. Johnson Financial Group Inc. purchased a new stake in Casella Waste Systems in the 4th quarter worth approximately $28,000. Parallel Advisors LLC grew its stake in Casella Waste Systems by 232.0% in the 4th quarter. Parallel Advisors LLC now owns 332 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 232 shares during the period. Harbor Investment Advisory LLC grew its stake in Casella Waste Systems by 484.2% in the 4th quarter. Harbor Investment Advisory LLC now owns 444 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 368 shares during the period. Finally, Headlands Technologies LLC grew its stake in Casella Waste Systems by 124.3% in the 4th quarter. Headlands Technologies LLC now owns 758 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 420 shares during the period. 99.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on CWST shares. Wells Fargo & Company lifted their target price on shares of Casella Waste Systems from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft started coverage on shares of Casella Waste Systems in a report on Thursday, May 23rd. They issued a “hold” rating and a $106.00 price target on the stock. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.40.

Casella Waste Systems Stock Performance

Shares of CWST stock opened at $99.49 on Wednesday. Casella Waste Systems, Inc. has a 12 month low of $72.97 and a 12 month high of $101.99. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.58 and a quick ratio of 1.50. The firm has a market capitalization of $5.77 billion, a P/E ratio of 320.94, a P/E/G ratio of 6.10 and a beta of 0.97. The company’s fifty day moving average price is $96.08 and its two-hundred day moving average price is $91.58.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Friday, April 26th. The industrial products company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The company had revenue of $341.00 million during the quarter, compared to the consensus estimate of $340.70 million. Casella Waste Systems had a net margin of 1.32% and a return on equity of 4.47%. The company’s revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 EPS. On average, research analysts anticipate that Casella Waste Systems, Inc. will post 0.79 earnings per share for the current fiscal year.

Casella Waste Systems 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.