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

Geode Capital Management LLC grew its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 8.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,430,958 shares of the industrial products company’s stock after acquiring an additional 109,288 shares during the quarter. Geode Capital Management LLC owned about 2.26% of Casella Waste Systems worth $142,393,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CWST. GAMMA Investing LLC grew its position in Casella Waste Systems by 64.5% during the 3rd quarter. GAMMA Investing LLC now owns 528 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 207 shares during the last quarter. Amalgamated Bank increased its position 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 valued at $210,000 after acquiring an additional 126 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in Casella Waste Systems by 12.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,743 shares of the industrial products company’s stock valued at $272,000 after acquiring an additional 311 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in shares of 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 purchasing an additional 265 shares during the last quarter. Finally, Crestwood Advisors Group LLC acquired a new position in shares of Casella Waste Systems in the second quarter valued at approximately $293,000. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Casella Waste Systems

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $106.81, for a total value 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 is accessible through this link. 4.24% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CWST. Raymond James boosted 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 note on Thursday, September 19th. Stifel Nicolaus increased their target price on Casella Waste Systems from $117.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft decreased their price target on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Finally, William Blair assumed coverage on Casella Waste Systems in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $114.00.

Casella Waste Systems Price Performance

Shares of NASDAQ CWST opened at $106.81 on Tuesday. 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 stock has a market cap of $6.76 billion, a price-to-earnings ratio of 890.08, a PEG ratio of 6.53 and a beta of 1.02. The company’s 50-day moving average price is $106.36 and its 200 day moving average price is $103.52. Casella Waste Systems, Inc. has a 52 week low of $80.04 and a 52 week high of $114.88.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). The company had revenue of $411.63 million for the quarter, compared to analyst estimates of $412.59 million. Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. As a group, research analysts forecast that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.

About Casella Waste Systems

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.