Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Purchased by Cynosure Group LLC

Cynosure Group LLC raised its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 9.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,193 shares of the industrial products company’s stock after acquiring an additional 369 shares during the quarter. Cynosure Group LLC’s holdings in Casella Waste Systems were worth $417,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Harbor Capital Advisors Inc. boosted its stake in shares of Casella Waste Systems by 108.0% in 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 purchasing an additional 34,340 shares during the period. Williams Financial LLC acquired a new stake in Casella Waste Systems during the 2nd quarter worth approximately $2,427,000. Millennium Management LLC boosted its position 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 valued at $4,785,000 after buying an additional 41,950 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Casella Waste Systems by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 861,463 shares of the industrial products company’s stock worth $85,476,000 after acquiring an additional 26,189 shares in the last quarter. Finally, MQS Management LLC purchased a new stake in shares of Casella Waste Systems during the third quarter worth $562,000. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Casella Waste Systems Trading Up 0.7 %

NASDAQ:CWST opened at $112.28 on Thursday. Casella Waste Systems, Inc. has a 1 year low of $79.16 and a 1 year high of $114.56. The stock has a market cap of $7.11 billion, a P/E ratio of 935.67, a P/E/G ratio of 6.69 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55. The stock has a 50-day simple moving average of $103.18 and a 200-day simple moving average of $102.33.

Casella Waste Systems (NASDAQ:CWST) last announced 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). Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The business had revenue of $411.63 million during the quarter, compared to analyst estimates of $412.59 million. During the same period last year, the company earned $0.35 earnings per share. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. As a group, analysts anticipate that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.

Insider Buying and Selling

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 transaction of $184,781.30. Following the transaction, the senior vice president now directly owns 21,085 shares of the company’s stock, valued at approximately $2,252,088.85. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Raymond James lifted their target price 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. Deutsche Bank Aktiengesellschaft reduced their price target on 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. Stifel Nicolaus reissued a “buy” rating and set a $117.00 price objective (up from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Finally, William Blair began coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Two 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $111.50.

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.