US Bancorp DE Sells 2,661 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

US Bancorp DE trimmed its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 70.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,143 shares of the industrial products company’s stock after selling 2,661 shares during the period. US Bancorp DE’s holdings in Casella Waste Systems were worth $114,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in shares of Casella Waste Systems by 1.8% during the 2nd quarter. Principal Financial Group Inc. now owns 7,730 shares of the industrial products company’s stock worth $767,000 after acquiring an additional 135 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Casella Waste Systems by 76.4% during the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 139 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Casella Waste Systems by 1.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 16,286 shares of the industrial products company’s stock valued at $1,610,000 after purchasing an additional 160 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Casella Waste Systems by 1.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 10,436 shares of the industrial products company’s stock worth $1,035,000 after purchasing an additional 183 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in Casella Waste Systems by 3.6% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 5,607 shares of the industrial products company’s stock worth $556,000 after buying an additional 195 shares during the period. 99.51% of the stock is owned by hedge funds and other institutional investors.

Casella Waste Systems Price Performance

NASDAQ CWST opened at $106.55 on Friday. Casella Waste Systems, Inc. has a 1 year low of $79.16 and a 1 year high of $111.01. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 887.92, a PEG ratio of 6.51 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.55 and a quick ratio of 2.48. The stock’s fifty day moving average price is $102.58 and its 200 day moving average price is $101.38.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). The company had revenue of $411.63 million for the quarter, compared to analyst estimates of $412.59 million. Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. Casella Waste Systems’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 earnings per share. As a group, equities research analysts forecast that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CWST shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $117.00 target price (up from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Raymond James boosted their price target on shares of Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a report on Thursday, September 19th. Finally, William Blair initiated coverage on Casella Waste Systems in a research note on Thursday, October 3rd. They set an “outperform” rating for the company. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Casella Waste Systems currently has an average rating of “Moderate Buy” and a consensus price target of $111.50.

Insider Buying and Selling at Casella Waste Systems

In other news, SVP Paul Ligon sold 1,730 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $106.81, for a total transaction of $184,781.30. Following the completion of the transaction, the senior vice president now directly owns 21,085 shares of the company’s stock, valued at $2,252,088.85. This represents a 7.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 4.24% of the stock is owned by corporate insiders.

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.