Barclays PLC Has $13.12 Million Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Barclays PLC lifted its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 29.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,906 shares of the industrial products company’s stock after purchasing an additional 29,686 shares during the quarter. Barclays PLC’s holdings in Casella Waste Systems were worth $13,122,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Casella Waste Systems by 64.5% during the third quarter. GAMMA Investing LLC now owns 528 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 207 shares in the last quarter. Liberty One Investment Management LLC bought a new position in shares of Casella Waste Systems during the 2nd quarter valued at about $167,000. Amalgamated Bank grew its position in shares of 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 purchasing an additional 126 shares during the period. Vanguard Personalized Indexing Management LLC increased 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 worth $272,000 after purchasing an additional 311 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its holdings in Casella Waste Systems by 9.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,932 shares of the industrial products company’s stock worth $292,000 after buying an additional 265 shares during the period. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Stock Down 2.0 %

Shares of CWST stock opened at $106.06 on Monday. The firm’s fifty day moving average price is $106.18 and its two-hundred day moving average price is $103.47. 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 1 year low of $80.04 and a 1 year high of $114.88. The firm has a market capitalization of $6.72 billion, a P/E ratio of 883.83, a PEG ratio of 6.53 and a beta of 1.02.

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

Insiders Place Their Bets

In other news, SVP Paul Ligon sold 1,730 shares of the 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 owns 21,085 shares of the company’s stock, valued at approximately $2,252,088.85. This represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Raymond James upped 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. Stifel Nicolaus upped their target price on shares of Casella Waste Systems from $117.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. William Blair assumed coverage on Casella Waste Systems in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $114.00.

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.