National Bank of Canada FI Purchases 31,567 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

National Bank of Canada FI grew its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 1,107.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 34,417 shares of the industrial products company’s stock after buying an additional 31,567 shares during the period. National Bank of Canada FI’s holdings in Casella Waste Systems were worth $3,424,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Amalgamated Bank raised its holdings in Casella Waste Systems by 6.4% in the 3rd 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. Principal Financial Group Inc. increased its holdings in shares of Casella Waste Systems by 1.8% in the 2nd quarter. Principal Financial Group Inc. now owns 7,730 shares of the industrial products company’s stock worth $767,000 after purchasing an additional 135 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Casella Waste Systems by 1.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 10,436 shares of the industrial products company’s stock worth $1,035,000 after purchasing an additional 183 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Casella Waste Systems by 3.6% during the second quarter. Crossmark Global Holdings Inc. now owns 5,607 shares of the industrial products company’s stock valued at $556,000 after purchasing an additional 195 shares in the last quarter. Finally, Xponance Inc. boosted its position in shares of Casella Waste Systems by 5.9% during the second quarter. Xponance Inc. now owns 3,633 shares of the industrial products company’s stock valued at $360,000 after buying an additional 204 shares during the last quarter. Institutional investors own 99.51% of the company’s stock.

Analyst Ratings Changes

CWST has been the subject of a number of recent analyst reports. William Blair started coverage on Casella Waste Systems in a research report on Thursday, October 3rd. They issued an “outperform” rating for the company. Raymond James increased their price objective 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. Stifel Nicolaus raised their target price on shares of Casella Waste Systems from $117.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, 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 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $114.00.

Insider Buying and Selling

In related news, SVP Paul Ligon sold 1,730 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 21,085 shares in the company, valued at approximately $2,252,088.85. The trade was a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.24% of the stock is owned by insiders.

Casella Waste Systems Price Performance

Shares of NASDAQ:CWST opened at $106.06 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. The stock has a market capitalization of $6.72 billion, a PE ratio of 883.83, a price-to-earnings-growth ratio of 6.53 and a beta of 1.02. The firm’s 50 day moving average price is $106.18 and its 200-day moving average price is $103.41. Casella Waste Systems, Inc. has a twelve month low of $80.04 and a twelve month high of $114.88.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly 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). The business had revenue of $411.63 million during the quarter, compared to the consensus estimate of $412.59 million. Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. The firm’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 earnings per share. Equities research analysts expect 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.