Versor Investments LP Takes Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Versor Investments LP bought a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 5,300 shares of the industrial products company’s stock, valued at approximately $527,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CWST. New Covenant Trust Company N.A. acquired a new stake in Casella Waste Systems during the 1st quarter worth about $26,000. Opal Wealth Advisors LLC acquired a new stake in Casella Waste Systems during the second quarter worth about $29,000. GAMMA Investing LLC raised its position in Casella Waste Systems by 76.4% during the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 139 shares in the last quarter. Mark Sheptoff Financial Planning LLC lifted its holdings in Casella Waste Systems by 100.0% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,000 shares of the industrial products company’s stock valued at $99,000 after acquiring an additional 500 shares during the period. Finally, Liberty One Investment Management LLC purchased a new stake in Casella Waste Systems in the 2nd quarter worth approximately $167,000. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Casella Waste Systems Stock Up 2.2 %

Shares of NASDAQ CWST opened at $109.88 on Thursday. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 915.67, a price-to-earnings-growth ratio of 6.37 and a beta of 0.99. The company’s 50-day simple moving average is $102.48 and its 200-day simple moving average is $101.23. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68. 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 posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $412.59 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was up 16.7% on a year-over-year basis. Equities analysts predict that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now owns 21,085 shares in the company, valued at approximately $2,252,088.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.24% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CWST. Raymond James lifted their target price on shares of Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a report on Thursday, September 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $117.00 price objective (up previously from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. William Blair initiated coverage on shares of Casella Waste Systems in a research note on Thursday, October 3rd. They set an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $111.50.

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.