Lindenwold Advisors INC Has $435,000 Stock Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Lindenwold Advisors INC lessened its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,376 shares of the industrial products company’s stock after selling 295 shares during the period. Lindenwold Advisors INC’s holdings in Casella Waste Systems were worth $435,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Amalgamated Bank lifted its holdings in Casella Waste Systems by 6.4% during the 3rd quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock worth $210,000 after buying an additional 126 shares during the period. Principal Financial Group Inc. raised its position in shares of Casella Waste Systems by 1.8% during the second quarter. Principal Financial Group Inc. now owns 7,730 shares of the industrial products company’s stock worth $767,000 after acquiring an additional 135 shares during the last quarter. GAMMA Investing LLC lifted its stake 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 worth $32,000 after acquiring an additional 139 shares during the period. 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 valued at $1,610,000 after acquiring an additional 160 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in Casella Waste Systems by 1.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,436 shares of the industrial products company’s stock valued at $1,035,000 after purchasing an additional 183 shares during the period. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Stock Up 1.4 %

Shares of NASDAQ CWST opened at $108.01 on Tuesday. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68. The firm has a market cap of $6.84 billion, a PE ratio of 900.08, a P/E/G ratio of 6.31 and a beta of 0.99. The company’s fifty day simple moving average is $102.64 and its 200 day simple moving average is $101.66. Casella Waste Systems, Inc. has a 12-month low of $79.16 and a 12-month high of $111.01.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CWST. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Raymond James boosted 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. William Blair initiated coverage on Casella Waste Systems in a report on Thursday, October 3rd. They set an “outperform” rating for the company. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $117.00 price objective (up from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. Two investment 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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 in the company, valued at $2,252,088.85. This represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.24% of the company’s stock.

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.