Fmr LLC Acquires 1,863 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Fmr LLC raised its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 37.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,846 shares of the industrial products company’s stock after acquiring an additional 1,863 shares during the quarter. Fmr LLC’s holdings in Casella Waste Systems were worth $681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in Casella Waste Systems by 64.5% during the 3rd quarter. GAMMA Investing LLC now owns 528 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 207 shares in the last quarter. Amalgamated Bank increased its position 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 buying an additional 126 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in Casella Waste Systems by 12.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,743 shares of the industrial products company’s stock valued at $272,000 after acquiring an additional 311 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings 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 worth $292,000 after acquiring an additional 265 shares during the period. Finally, Crestwood Advisors Group LLC purchased a new stake in Casella Waste Systems in the 2nd quarter worth approximately $293,000. 99.51% of the stock is owned by institutional investors.

Insider Activity at Casella Waste Systems

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $106.81, for a total value of $184,781.30. Following the completion of the sale, the senior vice president now owns 21,085 shares in the company, valued at approximately $2,252,088.85. This trade represents a 7.58 % decrease in their position. The transaction 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 company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CWST. William Blair began coverage on shares of Casella Waste Systems in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Raymond James boosted 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, September 19th. Deutsche Bank Aktiengesellschaft lowered their price target 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. Finally, Stifel Nicolaus boosted their price objective on Casella Waste Systems from $117.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $114.00.

Casella Waste Systems Trading Down 0.3 %

NASDAQ CWST opened at $106.50 on Wednesday. The firm has a market cap of $6.74 billion, a PE ratio of 887.50, a price-to-earnings-growth ratio of 6.53 and a beta of 1.02. Casella Waste Systems, Inc. has a 1-year low of $80.04 and a 1-year high of $114.88. The stock has a 50-day moving average of $106.53 and a 200-day moving average of $103.57. 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 (NASDAQ:CWST) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $412.59 million. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 EPS. As a group, sell-side analysts forecast that Casella Waste Systems, Inc. will post 0.65 EPS for the current year.

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.