Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 32.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,215 shares of the industrial products company’s stock after selling 10,156 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Casella Waste Systems were worth $2,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Wasatch Advisors LP purchased a new stake in Casella Waste Systems during the 1st quarter worth approximately $91,317,000. Capital Research Global Investors increased its position in shares of Casella Waste Systems by 277.1% during the first quarter. Capital Research Global Investors now owns 723,405 shares of the industrial products company’s stock worth $71,523,000 after purchasing an additional 531,573 shares in the last quarter. Norges Bank purchased a new stake in shares of Casella Waste Systems during the fourth quarter worth approximately $25,106,000. Conestoga Capital Advisors LLC raised its stake in Casella Waste Systems by 7.7% in the 1st quarter. Conestoga Capital Advisors LLC now owns 3,284,975 shares of the industrial products company’s stock valued at $324,785,000 after purchasing an additional 235,260 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in Casella Waste Systems by 27.0% in the 4th quarter. Westfield Capital Management Co. LP now owns 751,553 shares of the industrial products company’s stock valued at $64,228,000 after purchasing an additional 159,850 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Stock Down 1.4 %

Shares of CWST opened at $99.83 on Friday. Casella Waste Systems, Inc. has a 52-week low of $72.97 and a 52-week high of $109.08. The company has a quick ratio of 1.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. The stock has a fifty day simple moving average of $104.86 and a two-hundred day simple moving average of $99.41. The company has a market capitalization of $5.79 billion, a PE ratio of 319.23, a price-to-earnings-growth ratio of 9.08 and a beta of 0.99.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.06). The firm had revenue of $377.20 million for the quarter, compared to analyst estimates of $373.87 million. Casella Waste Systems had a return on equity of 3.83% and a net margin of 1.35%. Casella Waste Systems’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 earnings per share. As a group, equities analysts forecast that Casella Waste Systems, Inc. will post 0.57 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Raymond James upped their target price on shares of Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a report on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and set a $117.00 price objective (up previously from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.20.

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.