Casella Waste Systems, Inc. $CWST Stock Sold by Boston Trust Walden Corp

Key Points

• Boston Trust Walden cut its Casella Waste Systems stake by 5.1% in the third quarter, selling 19,109 shares; it retained 353,538 shares valued at about $28.4 million.
• Casella reported quarterly EPS of $0.40, above the $0.36 consensus, and revenue of $543.75 million, up 16.9% year over year.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $104.80; institutional investors and hedge funds own 99.51% of the stock.

Boston Trust Walden Corp lessened its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 5.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 353,538 shares of the industrial products company's stock after selling 19,109 shares during the quarter. Boston Trust Walden Corp owned 0.56% of Casella Waste Systems worth $28,407,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Associated Banc Corp acquired a new position in Casella Waste Systems in the third quarter valued at approximately $313,000. Vise Technologies Inc. purchased a new stake in Casella Waste Systems in the 3rd quarter worth approximately $603,000. Pinnacle Wealth Planning Services Inc. boosted its position in 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 purchasing an additional 696 shares in the last quarter. Yousif Capital Management LLC boosted its position in Casella Waste Systems by 13.2% in the 3rd quarter. Yousif Capital Management LLC now owns 19,271 shares of the industrial products company's stock worth $1,548,000 after purchasing an additional 2,245 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Casella Waste Systems by 51.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,269 shares of the industrial products company's stock worth $182,000 after purchasing an additional 768 shares during the period. 99.51% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems Stock Performance

NASDAQ:CWST opened at $100.06 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 1,111.90 and a beta of 0.71. The company's 50-day moving average is $89.13 and its two-hundred day moving average is $90.13. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. The firm had revenue of $543.75 million for the quarter, compared to analyst estimates of $526.43 million. Casella Waste Systems had a net margin of 0.29% and a return on equity of 5.32%. Casella Waste Systems's revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. Analysts forecast that Casella Waste Systems, Inc. will post 1.22 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, Director Douglas R. Casella sold 1,343 shares of the business's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $91.12, for a total transaction of $122,374.16. Following the completion of the transaction, the director owned 90,141 shares in the company, valued at approximately $8,213,647.92. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael K. Burke sold 1,100 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $95.26, for a total value of $104,786.00. Following the completion of the transaction, the director owned 13,641 shares in the company, valued at approximately $1,299,441.66. The trade was a 7.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,700 shares of company stock worth $1,709,494 in the last ninety days. Corporate insiders own 3.78% of the company's stock.

About Casella Waste Systems

Casella Waste Systems, Inc is a regional solid waste services company founded in 1975 and headquartered in Rutland, Vermont. The company provides collection, transfer, disposal, recycling and organics services for residential, commercial, industrial and municipal customers.

Casella operates an integrated network of solid waste management assets, including transfer stations, recycling facilities, landfills, composting and organics-processing operations, and resource-recovery facilities.

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