Lindenwold Advisors INC Cuts Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Lindenwold Advisors INC trimmed its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 6.3% during the third quarter, HoldingsChannel reports. The firm owned 4,376 shares of the industrial products company’s stock after selling 295 shares during the quarter. Lindenwold Advisors INC’s holdings in Casella Waste Systems were worth $435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital Research Global Investors grew its position in shares of Casella Waste Systems by 277.1% during the 1st quarter. Capital Research Global Investors now owns 723,405 shares of the industrial products company’s stock valued at $71,523,000 after acquiring an additional 531,573 shares during the period. F M Investments LLC purchased a new position in Casella Waste Systems in the second quarter valued at approximately $11,093,000. Conestoga Capital Advisors LLC grew its holdings in Casella Waste Systems by 3.1% during the second quarter. Conestoga Capital Advisors LLC now owns 3,386,970 shares of the industrial products company’s stock valued at $336,055,000 after purchasing an additional 101,995 shares during the period. Seven Grand Managers LLC purchased a new stake in Casella Waste Systems in the third quarter worth $9,999,000. Finally, Bessemer Group Inc. raised its stake in shares of Casella Waste Systems by 82.6% in the first quarter. Bessemer Group Inc. now owns 180,018 shares of the industrial products company’s stock valued at $17,797,000 after buying an additional 81,454 shares during the period. 99.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. 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. William Blair initiated coverage on shares of Casella Waste Systems in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft lowered their price target 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. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $117.00 price objective (up from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Two equities 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $111.50.

Casella Waste Systems Stock Up 1.4 %

CWST stock opened at $108.01 on Tuesday. The stock has a 50-day simple moving average of $102.64 and a two-hundred day simple moving average of $101.66. Casella Waste Systems, Inc. has a twelve month low of $79.16 and a twelve month high of $111.01. The firm has a market capitalization of $6.84 billion, a PE ratio of 900.08, a PEG ratio of 6.31 and a beta of 0.99. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68.

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 the consensus estimate of $0.28 by ($0.01). The firm had revenue of $411.63 million for the quarter, compared to analysts’ expectations 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 was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 EPS. On average, equities analysts predict that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

Insider Activity

In other news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction dated 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 in the company, valued at approximately $2,252,088.85. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company 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.