Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lowered its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 6.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 570,617 shares of the industrial products company’s stock after selling 40,475 shares during the period. TimesSquare Capital Management LLC owned 0.98% of Casella Waste Systems worth $56,771,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CWST. Verdence Capital Advisors LLC grew its holdings in Casella Waste Systems by 9.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,932 shares of the industrial products company’s stock valued at $292,000 after buying an additional 265 shares during the period. Amalgamated Bank boosted its position in shares of Casella Waste Systems by 6.4% in the third quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock worth $210,000 after acquiring an additional 126 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Casella Waste Systems by 4.9% in the third quarter. Asset Management One Co. Ltd. now owns 154,422 shares of the industrial products company’s stock worth $15,303,000 after acquiring an additional 7,185 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Casella Waste Systems by 108.0% in the third quarter. Harbor Capital Advisors Inc. now owns 66,129 shares of the industrial products company’s stock valued at $6,579,000 after purchasing an additional 34,340 shares during the period. Finally, Raymond James & Associates increased its position in Casella Waste Systems by 2.8% during the third quarter. Raymond James & Associates now owns 223,992 shares of the industrial products company’s stock worth $22,285,000 after purchasing an additional 6,206 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Casella Waste Systems Stock Performance

Shares of CWST stock opened at $106.59 on Friday. 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 company has a market cap of $6.75 billion, a PE ratio of 888.25, a P/E/G ratio of 6.34 and a beta of 0.99. The company’s fifty day simple moving average is $102.34 and its 200-day simple moving average is $100.92. Casella Waste Systems, Inc. has a 52 week low of $77.38 and a 52 week high of $109.08.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $412.59 million. During the same period last year, the business earned $0.35 earnings per share. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Casella Waste Systems, Inc. will post 0.65 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CWST shares. William Blair started coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus restated a “buy” rating and set a $117.00 price target (up from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. Finally, Raymond James raised their price objective on Casella Waste Systems from $121.00 to $122.00 and gave the stock 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 given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Casella Waste Systems has a consensus rating of “Moderate Buy” and an average target price of $111.50.

Insider Buying and Selling

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 21,085 shares of the company’s stock, valued at $2,252,088.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.24% of the stock is currently owned by corporate 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.