OneAscent Financial Services LLC Invests $301,000 in Casella Waste Systems, Inc. (NASDAQ:CWST)

OneAscent Financial Services LLC bought a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 3,026 shares of the industrial products company’s stock, valued at approximately $301,000.

Several other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its holdings in Casella Waste Systems by 108.0% during the third quarter. Harbor Capital Advisors Inc. now owns 66,129 shares of the industrial products company’s stock valued at $6,579,000 after acquiring an additional 34,340 shares during the period. Williams Financial LLC purchased a new stake in shares of Casella Waste Systems during the second quarter worth about $2,427,000. Vanguard Group Inc. raised its stake in Casella Waste Systems by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 5,536,410 shares of the industrial products company’s stock valued at $547,385,000 after purchasing an additional 57,540 shares during the period. Comerica Bank lifted its holdings in Casella Waste Systems by 7.7% in the 1st quarter. Comerica Bank now owns 311,433 shares of the industrial products company’s stock worth $30,791,000 after purchasing an additional 22,384 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Casella Waste Systems by 667.9% in the 2nd quarter. Millennium Management LLC now owns 48,231 shares of the industrial products company’s stock worth $4,785,000 after purchasing an additional 41,950 shares during the period. Institutional investors own 99.51% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Paul Ligon sold 1,730 shares of the firm’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 value of $184,781.30. Following the completion of the sale, the senior vice president now directly owns 21,085 shares of the company’s stock, valued at $2,252,088.85. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.24% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CWST has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective 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 lifted 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 report on Thursday, September 19th. William Blair started coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They set an “outperform” rating for the company. Finally, Stifel Nicolaus restated a “buy” rating and set a $117.00 price objective (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 stock. According to data from MarketBeat, Casella Waste Systems presently has a consensus rating of “Moderate Buy” and an average target price of $111.50.

Casella Waste Systems Trading Up 1.2 %

Shares of CWST opened at $109.36 on Wednesday. The stock has a market capitalization of $6.92 billion, a PE ratio of 911.33, a P/E/G ratio of 6.31 and a beta of 0.99. The company’s fifty day moving average is $102.72 and its 200 day moving average is $101.78. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55. Casella Waste Systems, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $111.01.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 3.04% and a net margin of 0.46%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 earnings per share. Sell-side analysts expect 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.