Casella Waste Systems, Inc. $CWST Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lowered its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 1.1% in the third quarter, Holdings Channel reports. The institutional investor owned 1,040,856 shares of the industrial products company’s stock after selling 11,474 shares during the period. Pictet Asset Management Holding SA’s holdings in Casella Waste Systems were worth $83,632,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CWST. Comprehensive Financial Planning Inc. PA bought a new position in Casella Waste Systems during the second quarter valued at about $29,000. Public Employees Retirement System of Ohio acquired a new position in Casella Waste Systems in the 2nd quarter valued at approximately $36,000. Versant Capital Management Inc lifted its position in shares of Casella Waste Systems by 54.8% in the 3rd quarter. Versant Capital Management Inc now owns 449 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 159 shares during the period. Harbor Investment Advisory LLC bought a new stake in shares of Casella Waste Systems in the 2nd quarter worth approximately $50,000. Finally, Pinnacle Wealth Planning Services Inc. lifted its position in shares of Casella Waste Systems by 89.3% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,475 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 696 shares during the period. Institutional investors own 99.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CWST shares. Barclays boosted their price objective on Casella Waste Systems from $102.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Weiss Ratings lowered Casella Waste Systems from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, October 30th. UBS Group cut Casella Waste Systems from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $122.00 to $95.00 in a research report on Wednesday, October 21st. Raymond James Financial reiterated a “strong-buy” rating and set a $106.00 price target on shares of Casella Waste Systems in a research note on Friday, October 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Casella Waste Systems from $91.00 to $99.00 and gave the company a “neutral” rating in a report on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.80.

Casella Waste Systems Stock Up 0.8%

NASDAQ CWST opened at $99.02 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.84. The stock’s 50 day moving average is $89.34 and its two-hundred day moving average is $90.07. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 1,100.34 and a beta of 0.71. Casella Waste Systems, Inc. has a 1-year low of $74.05 and a 1-year high of $107.96.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Monday, November 9th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). The company had revenue of $559.23 million during the quarter, compared to analyst estimates of $563.17 million. Casella Waste Systems had a return on equity of 5.32% and a net margin of 0.29%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. Equities analysts forecast that Casella Waste Systems, Inc. will post 1.22 earnings per share for the current fiscal year.

Key Headlines Impacting Casella Waste Systems

Here are the key news stories impacting Casella Waste Systems this week:

• Neutral Sentiment: Revenue increased 15.2% year over year to $559.2 million, but was below the roughly $563.2 million consensus estimate. Casella announces third-quarter 2026 results
• Negative Sentiment: Adjusted earnings were $0.35 per share, below analyst estimates of $0.42 in several reports (Zacks’ estimate was $0.36) and down from $0.42 a year earlier. The earnings and revenue misses prompted reports of a decline in CWST shares following the release. Casella falls on earnings and revenue miss

Insider Buying and Selling at Casella Waste Systems

In other Casella Waste Systems news, Director Michael K. Burke sold 1,100 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $95.26, for a total transaction of $104,786.00. Following the completion of the transaction, the director directly owned 13,641 shares in the company, valued at $1,299,441.66. This represents a 7.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Douglas R. Casella sold 1,343 shares of Casella Waste Systems stock in a transaction on Friday, August 14th. The shares were sold at an average price of $91.12, for a total value of $122,374.16. Following the transaction, the director directly owned 90,141 shares of the company’s stock, valued at approximately $8,213,647.92. The trade was a 1.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 18,700 shares of company stock worth $1,709,494. 3.78% of the stock is owned by insiders.

Casella Waste Systems Profile

Casella Waste Systems is a regional solid waste services company that provides collection, transfer, disposal, recycling and resource management services. Its customers include residential, commercial, municipal and industrial clients.

The company operates primarily in the northeastern United States, with services across states including Vermont, New Hampshire, New York, Maine, Massachusetts, Connecticut and Pennsylvania. Its operations also include recycling and organics services designed to recover materials and manage waste.

Founded in 1975 by brothers John and Douglas Casella, the company is headquartered in Rutland, Vermont.