Casella Waste Systems, Inc. (NASDAQ:CWST) Holdings Reduced by Atria Investments Inc

Atria Investments Inc lessened its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,707 shares of the industrial products company’s stock after selling 423 shares during the period. Atria Investments Inc’s holdings in Casella Waste Systems were worth $767,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Verdence Capital Advisors LLC raised its stake in Casella Waste Systems by 9.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,932 shares of the industrial products company’s stock valued at $292,000 after acquiring an additional 265 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Casella Waste Systems by 6.4% during the third quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock valued at $210,000 after purchasing an additional 126 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of Casella Waste Systems by 4.9% during the third quarter. Asset Management One Co. Ltd. now owns 154,422 shares of the industrial products company’s stock valued at $15,303,000 after purchasing an additional 7,185 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Casella Waste Systems by 108.0% in the third quarter. Harbor Capital Advisors Inc. now owns 66,129 shares of the industrial products company’s stock worth $6,579,000 after purchasing an additional 34,340 shares during the period. Finally, Raymond James & Associates grew its position in Casella Waste Systems by 2.8% in the 3rd quarter. Raymond James & Associates now owns 223,992 shares of the industrial products company’s stock valued at $22,285,000 after buying an additional 6,206 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Casella Waste Systems

In other news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction 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 transaction, the senior vice president now owns 21,085 shares in the company, valued at approximately $2,252,088.85. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.24% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on CWST shares. William Blair initiated coverage on shares of Casella Waste Systems in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft dropped their target price 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. Stifel Nicolaus reiterated a “buy” rating and set a $117.00 price target (up from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Finally, Raymond James upped their price objective on Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a report on Thursday, September 19th. Two equities research 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. Based on data from MarketBeat.com, Casella Waste Systems presently has an average rating of “Moderate Buy” and an average price target of $111.50.

Casella Waste Systems Price Performance

Shares of NASDAQ:CWST opened at $108.01 on Tuesday. The company has a market capitalization of $6.84 billion, a PE ratio of 900.08, a price-to-earnings-growth ratio of 6.31 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55. The stock has a fifty day moving average of $102.64 and a 200-day moving average of $101.66. Casella Waste Systems, Inc. has a one year low of $79.16 and a one year high of $111.01.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $0.27 EPS 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 analysts’ expectations of $412.59 million. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 earnings per share. As a group, equities analysts anticipate that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

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.