Casella Waste Systems, Inc. (NASDAQ:CWST) Stake Boosted by Amalgamated Bank

Amalgamated Bank increased its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 6.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,110 shares of the industrial products company’s stock after purchasing an additional 126 shares during the period. Amalgamated Bank’s holdings in Casella Waste Systems were worth $210,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in Casella Waste Systems by 1.8% in the second quarter. Principal Financial Group Inc. now owns 7,730 shares of the industrial products company’s stock worth $767,000 after purchasing an additional 135 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Casella Waste Systems by 76.4% in the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 139 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Casella Waste Systems by 1.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 16,286 shares of the industrial products company’s stock worth $1,610,000 after purchasing an additional 160 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted 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 worth $1,035,000 after purchasing an additional 183 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in Casella Waste Systems by 3.6% in 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 in the last quarter. 99.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CWST. Stifel Nicolaus reiterated a “buy” rating and issued a $117.00 price objective (up from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. 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 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, Deutsche Bank Aktiengesellschaft cut their target price on shares of 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. Two research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.50.

Insider Activity

In related news, SVP Paul Ligon sold 1,730 shares of the company’s stock in a transaction dated 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 legal filing with the SEC, which is available through this hyperlink. 4.24% of the stock is owned by company insiders.

Casella Waste Systems Stock Down 0.4 %

Shares of CWST opened at $106.55 on Monday. The company has a 50-day simple moving average of $102.58 and a 200-day simple moving average of $101.54. The firm has a market capitalization of $6.75 billion, a P/E ratio of 887.92, a P/E/G ratio of 6.31 and a beta of 0.99. 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 $79.16 and a 52 week high of $111.01.

Casella Waste Systems (NASDAQ:CWST) last announced 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). The company had revenue of $411.63 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 EPS. On average, equities research analysts expect that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current year.

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.