Victory Capital Management Inc. Lowers Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Victory Capital Management Inc. lessened its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 0.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,981 shares of the industrial products company’s stock after selling 100 shares during the quarter. Victory Capital Management Inc. owned approximately 0.08% of Casella Waste Systems worth $4,575,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Amalgamated Bank lifted its position in Casella Waste Systems by 6.4% during the third quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock worth $210,000 after buying an additional 126 shares during the period. Principal Financial Group Inc. increased 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 valued at $767,000 after acquiring an additional 135 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Casella Waste Systems by 76.4% during the 2nd quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 139 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in 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 valued at $1,035,000 after purchasing an additional 183 shares during the period. Finally, Crossmark Global Holdings Inc. increased its position in Casella Waste Systems by 3.6% during the second quarter. Crossmark Global Holdings Inc. now owns 5,607 shares of the industrial products company’s stock worth $556,000 after purchasing an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Stock Up 1.1 %

Shares of NASDAQ CWST opened at $112.56 on Friday. The stock has a fifty day moving average price of $102.99 and a 200 day moving average price of $102.03. The company has a current ratio of 2.55, a quick ratio of 2.48 and a debt-to-equity ratio of 0.68. Casella Waste Systems, Inc. has a 12-month low of $79.16 and a 12-month high of $112.85. The company has a market cap of $7.13 billion, a P/E ratio of 938.00, a P/E/G ratio of 6.48 and a beta of 0.99.

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

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, SVP Paul Ligon sold 1,730 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $106.81, for a total transaction of $184,781.30. Following the completion of the sale, the senior vice president now 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.24% of the company’s stock.

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.