Hardy Reed LLC Sells 180 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Hardy Reed LLC trimmed its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 6.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,750 shares of the industrial products company’s stock after selling 180 shares during the quarter. Hardy Reed LLC’s holdings in Casella Waste Systems were worth $274,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CWST. Comerica Bank raised its stake in shares of Casella Waste Systems by 7.7% in the first quarter. Comerica Bank now owns 311,433 shares of the industrial products company’s stock worth $30,791,000 after acquiring an additional 22,384 shares during the last quarter. New Covenant Trust Company N.A. acquired a new position in Casella Waste Systems during the 1st quarter worth $26,000. Virtu Financial LLC boosted its position in Casella Waste Systems by 85.8% in the 1st quarter. Virtu Financial LLC now owns 4,393 shares of the industrial products company’s stock valued at $434,000 after buying an additional 2,029 shares during the last quarter. Cetera Advisors LLC acquired a new stake in shares of Casella Waste Systems in the 1st quarter valued at $281,000. Finally, GAMMA Investing LLC raised its position in shares of Casella Waste Systems by 76.4% during the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 139 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Insider Activity

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 shares were sold at an average price of $106.81, for a total value of $184,781.30. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CWST. William Blair assumed coverage on Casella Waste Systems in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $117.00 price target (up previously from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, Raymond James boosted their price target on Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a report on Thursday, September 19th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.50.

Casella Waste Systems Trading Down 1.2 %

Shares of CWST stock opened at $111.50 on Wednesday. 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 $7.06 billion, a price-to-earnings ratio of 929.17, a PEG ratio of 6.69 and a beta of 0.99. The stock has a 50-day moving average of $103.08 and a 200-day moving average of $102.23. Casella Waste Systems, Inc. has a 1-year low of $79.16 and a 1-year high of $114.56.

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 (EPS) for the quarter, missing analysts’ consensus estimates 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 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. On average, equities research analysts forecast that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current 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.