US Bancorp DE Reduces Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

US Bancorp DE lessened its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 70.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,143 shares of the industrial products company’s stock after selling 2,661 shares during the quarter. US Bancorp DE’s holdings in Casella Waste Systems were worth $114,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Capital Research Global Investors lifted its position in Casella Waste Systems by 277.1% in the first quarter. Capital Research Global Investors now owns 723,405 shares of the industrial products company’s stock valued at $71,523,000 after buying an additional 531,573 shares during the last quarter. F M Investments LLC acquired a new position in Casella Waste Systems during the second quarter worth $11,093,000. Conestoga Capital Advisors LLC grew its stake in shares of Casella Waste Systems by 3.1% in the second quarter. Conestoga Capital Advisors LLC now owns 3,386,970 shares of the industrial products company’s stock valued at $336,055,000 after buying an additional 101,995 shares in the last quarter. Seven Grand Managers LLC purchased a new stake in shares of Casella Waste Systems in the 3rd quarter valued at $9,999,000. Finally, Bessemer Group Inc. lifted its stake in Casella Waste Systems by 82.6% during the 1st quarter. Bessemer Group Inc. now owns 180,018 shares of the industrial products company’s stock worth $17,797,000 after acquiring an additional 81,454 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction 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 transaction, the senior vice president now owns 21,085 shares in the company, valued at $2,252,088.85. This trade represents a 7.58 % decrease in their position. The sale 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.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CWST. Stifel Nicolaus reissued a “buy” rating and set a $117.00 price target (up previously from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. William Blair began coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Raymond James boosted their price target on shares of Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Two 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $111.50.

Casella Waste Systems Trading Down 0.4 %

CWST opened at $106.55 on Friday. 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. The business’s 50 day moving average is $102.58 and its two-hundred day moving average is $101.38. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 887.92, a price-to-earnings-growth ratio of 6.51 and a beta of 0.99.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share 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 company had revenue of $411.63 million for the quarter, compared to analyst estimates of $412.59 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. On average, research analysts predict that Casella Waste Systems, Inc. will post 0.65 EPS 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.