Ensign Peak Advisors Inc Sells 10,591 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Ensign Peak Advisors Inc cut its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 4.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 241,986 shares of the industrial products company’s stock after selling 10,591 shares during the period. Ensign Peak Advisors Inc owned 0.42% of Casella Waste Systems worth $24,010,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CWST. New Covenant Trust Company N.A. bought a new position in Casella Waste Systems in the 1st quarter worth approximately $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Casella Waste Systems during the second quarter valued at about $29,000. GAMMA Investing LLC lifted its stake in shares of Casella Waste Systems by 76.4% in the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock valued at $32,000 after buying an additional 139 shares during the period. Johnson Financial Group Inc. acquired a new stake in Casella Waste Systems during the fourth quarter worth about $28,000. Finally, Parallel Advisors LLC increased its stake in Casella Waste Systems by 232.0% during the fourth quarter. Parallel Advisors LLC now owns 332 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 232 shares during the period. Institutional investors and hedge funds own 99.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CWST. Raymond James raised their target price on Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Stifel Nicolaus reiterated a “buy” rating and issued a $117.00 price objective (up from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $108.20.

Casella Waste Systems Price Performance

NASDAQ:CWST opened at $99.83 on Monday. The firm has a market cap of $5.79 billion, a PE ratio of 322.03, a price-to-earnings-growth ratio of 9.08 and a beta of 0.99. The company’s 50-day moving average price is $104.80 and its two-hundred day moving average price is $99.56. The company has a quick ratio of 1.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. Casella Waste Systems, Inc. has a 12 month low of $72.97 and a 12 month high of $109.08.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, August 1st. The industrial products company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.06). The business had revenue of $377.20 million for the quarter, compared to the consensus estimate of $373.87 million. Casella Waste Systems had a return on equity of 3.83% and a net margin of 1.35%. Casella Waste Systems’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 EPS. On average, equities analysts anticipate that Casella Waste Systems, Inc. will post 0.57 EPS 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.