Nisa Investment Advisors LLC Grows Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Nisa Investment Advisors LLC grew its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 69.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,495 shares of the industrial products company’s stock after purchasing an additional 611 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Casella Waste Systems were worth $158,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. lifted its position in Casella Waste Systems by 108.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 66,129 shares of the industrial products company’s stock worth $6,579,000 after acquiring an additional 34,340 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Casella Waste Systems by 87.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 78,549 shares of the industrial products company’s stock valued at $7,815,000 after purchasing an additional 36,573 shares during the period. Geode Capital Management LLC grew its stake in shares of Casella Waste Systems by 8.3% during the third quarter. Geode Capital Management LLC now owns 1,430,958 shares of the industrial products company’s stock valued at $142,393,000 after acquiring an additional 109,288 shares in the last quarter. Millennium Management LLC grew 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 in the last quarter. Finally, MQS Management LLC acquired a new stake in shares of Casella Waste Systems during the third quarter worth approximately $562,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Insider Buying and Selling

In related 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 directly owns 21,085 shares in the company, valued at $2,252,088.85. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.24% of the stock is owned by corporate insiders.

Casella Waste Systems Price Performance

Shares of NASDAQ:CWST opened at $108.91 on Friday. The stock has a market cap of $6.90 billion, a price-to-earnings ratio of 907.58, a PEG ratio of 3.85 and a beta of 1.03. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.55 and a quick ratio of 2.48. Casella Waste Systems, Inc. has a 12 month low of $84.45 and a 12 month high of $114.88. The stock’s 50 day moving average price is $108.51 and its 200 day moving average price is $105.46.

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

Wall Street Analysts Forecast Growth

CWST has been the topic of several research analyst reports. Stifel Nicolaus raised their price objective on Casella Waste Systems from $117.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. William Blair assumed coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Finally, Jefferies Financial Group cut Casella Waste Systems from a “buy” rating to a “hold” rating and decreased their price target for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. Three 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $113.80.

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.