Sanctuary Advisors LLC Purchases 2,109 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Sanctuary Advisors LLC grew its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 63.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,448 shares of the industrial products company’s stock after acquiring an additional 2,109 shares during the period. Sanctuary Advisors LLC’s holdings in Casella Waste Systems were worth $542,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its position in shares of Casella Waste Systems by 108.0% during 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. Millennium Management LLC boosted its stake in Casella Waste Systems by 667.9% during the 2nd quarter. Millennium Management LLC now owns 48,231 shares of the industrial products company’s stock valued at $4,785,000 after purchasing an additional 41,950 shares during the last quarter. Geode Capital Management LLC increased its holdings in Casella Waste Systems by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,430,958 shares of the industrial products company’s stock worth $142,393,000 after purchasing an additional 109,288 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Casella Waste Systems by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 861,463 shares of the industrial products company’s stock valued at $85,476,000 after purchasing an additional 26,189 shares in the last quarter. Finally, MQS Management LLC purchased a new position in shares of Casella Waste Systems during the third quarter valued at approximately $562,000. 99.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Paul Ligon sold 1,730 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $106.81, for a total value of $184,781.30. Following the sale, the senior vice president now owns 21,085 shares of the company’s stock, valued at $2,252,088.85. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 4.24% of the company’s stock.

Wall Street Analyst Weigh In

CWST has been the subject of a number of analyst reports. William Blair started coverage on Casella Waste Systems in a research report on Thursday, October 3rd. They issued an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Raymond James upped their price objective on shares of 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. Finally, Stifel Nicolaus lifted their target price on shares of Casella Waste Systems from $117.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Two 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 company’s stock. Based on data from MarketBeat.com, Casella Waste Systems has a consensus rating of “Moderate Buy” and a consensus price target of $114.00.

Casella Waste Systems Stock Performance

NASDAQ CWST opened at $106.24 on Thursday. The company has a market capitalization of $6.73 billion, a PE ratio of 885.33, a price-to-earnings-growth ratio of 6.53 and a beta of 1.01. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55. Casella Waste Systems, Inc. has a 52-week low of $80.04 and a 52-week high of $114.88. The company has a 50-day simple moving average of $107.00 and a 200 day simple moving average of $103.88.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The company had revenue of $411.63 million for 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 firm’s revenue 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. On average, research analysts predict that Casella Waste Systems, Inc. will post 0.65 EPS for the current 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.