Casella Waste Systems, Inc. (NASDAQ:CWST) Position Reduced by Forte Capital LLC ADV

Forte Capital LLC ADV reduced its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 5.5% in the third quarter, HoldingsChannel.com reports. The firm owned 6,605 shares of the industrial products company’s stock after selling 385 shares during the period. Forte Capital LLC ADV’s holdings in Casella Waste Systems were worth $657,000 at the end of the most recent reporting period.

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

Casella Waste Systems Trading Down 0.4 %

Shares of NASDAQ CWST opened at $106.50 on Friday. The firm has a market capitalization of $6.19 billion, a PE ratio of 887.50, a PEG ratio of 5.80 and a beta of 0.99. Casella Waste Systems, Inc. has a one year low of $76.67 and a one year high of $109.08. The company has a current ratio of 2.55, a quick ratio of 2.48 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average price of $102.36 and a two-hundred day moving average price of $100.79.

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). Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The company had revenue of $411.63 million for the quarter, compared to analysts’ expectations of $412.59 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. As a group, analysts predict that Casella Waste Systems, Inc. will post 0.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CWST shares. William Blair started coverage on Casella Waste Systems in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Stifel Nicolaus restated a “buy” rating and set a $117.00 price objective (up previously from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft decreased 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 report on Friday, November 1st. Finally, Raymond James boosted their price target 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. Two equities research 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $111.50.

Insider Transactions at Casella Waste Systems

In related news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $106.81, for a total transaction of $184,781.30. Following the completion of the sale, the senior vice president now owns 21,085 shares of the company’s stock, valued at approximately $2,252,088.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.24% of the stock is currently owned by company insiders.

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.