Intellectus Partners LLC Trims Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Intellectus Partners LLC cut its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 6.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,495 shares of the industrial products company’s stock after selling 180 shares during the quarter. Intellectus Partners LLC’s holdings in Casella Waste Systems were worth $248,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new position in shares of Casella Waste Systems in the 1st quarter valued at $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Casella Waste Systems in the second quarter worth about $29,000. GAMMA Investing LLC boosted its stake in shares of Casella Waste Systems by 76.4% during the 2nd quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 139 shares in the last quarter. Mark Sheptoff Financial Planning LLC grew its position in shares of Casella Waste Systems by 100.0% during the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 1,000 shares of the industrial products company’s stock valued at $99,000 after acquiring an additional 500 shares during the period. Finally, Liberty One Investment Management LLC purchased a new position in shares of Casella Waste Systems in the 2nd quarter valued at about $167,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Stock Down 0.4 %

Shares of NASDAQ CWST opened at $106.55 on Friday. The stock has a market cap of $6.75 billion, a PE ratio of 887.92, a P/E/G ratio of 6.51 and a beta of 0.99. The company has a current ratio of 2.55, a quick ratio of 2.48 and a debt-to-equity ratio of 0.68. Casella Waste Systems, Inc. has a 12-month low of $79.16 and a 12-month high of $111.01. The company has a 50-day moving average of $102.58 and a 200 day moving average of $101.38.

Casella Waste Systems (NASDAQ:CWST) last posted 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 company had revenue of $411.63 million during the quarter, compared to analyst estimates of $412.59 million. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. Casella Waste Systems’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 EPS. As a group, sell-side analysts predict that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on CWST shares. Stifel Nicolaus restated a “buy” rating and issued a $117.00 price objective (up from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. William Blair began 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 cut 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. Finally, Raymond James lifted 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 assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Casella Waste Systems currently has an average rating of “Moderate Buy” and an average price target of $111.50.

Insider Transactions at Casella Waste Systems

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of the firm’s stock in a transaction 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 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 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.24% of the company’s stock.

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.