Global Alpha Capital Management Ltd. Buys 2,597 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Key Points

• Global Alpha Capital Management Ltd. increased its stake in Casella Waste Systems by 0.7%, owning 394,942 shares which make up 3.2% of its investment portfolio, valued at approximately $44 million.
• In its most recent earnings report, Casella Waste Systems reported $0.36 earnings per share, exceeding analysts' expectations, with a 23.4% year-over-year revenue increase to $465.33 million.
• Brokerages have mostly given Casella Waste Systems a positive outlook, with a consensus rating of "Moderate Buy" and an average price target of $123.17, following upgrades from firms like UBS and Raymond James.

Global Alpha Capital Management Ltd. boosted its stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 394,942 shares of the industrial products company's stock after buying an additional 2,597 shares during the quarter. Casella Waste Systems makes up about 3.2% of Global Alpha Capital Management Ltd.'s investment portfolio, making the stock its 8th largest position. Global Alpha Capital Management Ltd. owned 0.62% of Casella Waste Systems worth $44,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of CWST. Covestor Ltd boosted its stake in Casella Waste Systems by 124.4% in the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock valued at $29,000 after buying an additional 153 shares in the last quarter. Quarry LP bought a new position in Casella Waste Systems in the 4th quarter valued at $30,000. NBC Securities Inc. bought a new position in Casella Waste Systems in the 1st quarter valued at $31,000. Opal Wealth Advisors LLC bought a new position in Casella Waste Systems in the 1st quarter valued at $34,000. Finally, Johnson Financial Group Inc. bought a new position in Casella Waste Systems in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 99.51% of the company's stock.

Casella Waste Systems Trading Down 0.3%

CWST stock opened at $99.08 on Friday. The company has a market cap of $6.29 billion, a P/E ratio of 550.44, a PEG ratio of 4.08 and a beta of 0.83. Casella Waste Systems, Inc. has a twelve month low of $97.05 and a twelve month high of $121.24. The company has a quick ratio of 1.87, a current ratio of 1.70 and a debt-to-equity ratio of 0.72. The business has a fifty day moving average of $111.89 and a 200-day moving average of $112.07.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its earnings results on Thursday, July 31st. The industrial products company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.05. The company had revenue of $465.33 million during the quarter, compared to the consensus estimate of $454.01 million. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%. The firm's quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.22 earnings per share. As a group, equities research analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CWST. Raymond James Financial set a $125.00 price objective on Casella Waste Systems and gave the company a "strong-buy" rating in a research report on Monday, August 4th. Cowen reiterated a "buy" rating on shares of Casella Waste Systems in a research report on Friday, June 6th. UBS Group lifted their price objective on Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Finally, William Blair reiterated an "outperform" rating on shares of Casella Waste Systems in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $123.17.

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.

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