Public Sector Pension Investment Board Purchases Shares of 123,073 Casella Waste Systems, Inc. (NASDAQ:CWST)

Public Sector Pension Investment Board purchased a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 123,073 shares of the industrial products company’s stock, valued at approximately $12,245,000. Public Sector Pension Investment Board owned about 0.19% of Casella Waste Systems at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Conestoga Capital Advisors LLC grew its holdings 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 purchasing an additional 101,995 shares in the last quarter. Earnest Partners LLC grew its holdings in Casella Waste Systems by 3.2% during the 2nd quarter. Earnest Partners LLC now owns 1,680,358 shares of the industrial products company’s stock worth $166,725,000 after acquiring an additional 51,516 shares in the last quarter. Geneva Capital Management LLC grew its holdings in Casella Waste Systems by 0.4% during the 3rd quarter. Geneva Capital Management LLC now owns 1,040,619 shares of the industrial products company’s stock worth $103,531,000 after acquiring an additional 4,324 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in Casella Waste Systems by 4.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 950,484 shares of the industrial products company’s stock worth $94,564,000 after acquiring an additional 39,666 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Casella Waste Systems by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 861,463 shares of the industrial products company’s stock worth $85,476,000 after buying an additional 26,189 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Stock Up 0.7 %

CWST stock opened at $112.28 on Friday. The company has a fifty day moving average price of $103.41 and a 200 day moving average price of $102.40. Casella Waste Systems, Inc. has a 12 month low of $79.16 and a 12 month high of $114.56. The company has a market cap of $7.11 billion, a price-to-earnings ratio of 935.67, a price-to-earnings-growth ratio of 6.69 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.55 and a quick ratio of 2.48.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results 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). The business had revenue of $411.63 million during the quarter, compared to analysts’ expectations of $412.59 million. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 EPS. Sell-side analysts expect that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current year.

Insiders Place Their Bets

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $106.81, for a total transaction of $184,781.30. Following the completion of the transaction, the senior vice president now owns 21,085 shares in the company, valued at approximately $2,252,088.85. This represents a 7.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CWST shares. William Blair started coverage on shares of Casella Waste Systems in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Raymond James upped 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 research report on Thursday, September 19th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $117.00 price target (up previously from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Two 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. According to data from MarketBeat.com, Casella Waste Systems currently has an average rating of “Moderate Buy” and a consensus target price of $111.50.

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.