Park Avenue Securities LLC Decreases Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Park Avenue Securities LLC reduced its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 5.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,087 shares of the industrial products company’s stock after selling 340 shares during the period. Park Avenue Securities LLC’s holdings in Casella Waste Systems were worth $602,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Operose Advisors LLC acquired a new position in shares of Casella Waste Systems during the 3rd quarter worth $25,000. Johnson Financial Group Inc. acquired a new position in Casella Waste Systems during the fourth quarter worth about $28,000. Parallel Advisors LLC lifted its holdings in shares of Casella Waste Systems by 232.0% in the fourth quarter. Parallel Advisors LLC now owns 332 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 232 shares in the last quarter. Harbor Investment Advisory LLC lifted 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 valued at $38,000 after buying an additional 368 shares in the last quarter. Finally, Headlands Technologies LLC boosted its stake in shares of Casella Waste Systems by 124.3% during the fourth quarter. Headlands Technologies LLC now owns 758 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 420 shares during the last quarter. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Casella Waste Systems Price Performance

Shares of Casella Waste Systems stock opened at $99.79 on Friday. The business’s fifty day moving average price is $96.73 and its 200 day moving average price is $92.31. Casella Waste Systems, Inc. has a twelve month low of $72.97 and a twelve month high of $101.99. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $5.79 billion, a P/E ratio of 321.90, a PEG ratio of 6.28 and a beta of 0.97.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Friday, April 26th. The industrial products company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business had revenue of $341.00 million for the quarter, compared to analyst estimates of $340.70 million. Casella Waste Systems had a return on equity of 4.47% and a net margin of 1.32%. The company’s revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. As a group, research analysts anticipate that Casella Waste Systems, Inc. will post 0.79 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on Casella Waste Systems in a report on Thursday, May 23rd. They set a “hold” rating and a $106.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.40.

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.