Renaissance Technologies LLC Sells 116,342 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Renaissance Technologies LLC decreased its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 28.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 294,059 shares of the industrial products company’s stock after selling 116,342 shares during the period. Renaissance Technologies LLC owned about 0.51% of Casella Waste Systems worth $29,177,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new position in shares of Casella Waste Systems in the first quarter valued at approximately $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Casella Waste Systems in the second quarter valued at approximately $29,000. GAMMA Investing LLC grew its position in shares of Casella Waste Systems by 76.4% in the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 139 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Casella Waste Systems in the fourth quarter valued at approximately $28,000. Finally, Parallel Advisors LLC grew its position in shares of Casella Waste Systems by 232.0% in the fourth quarter. Parallel Advisors LLC now owns 332 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 232 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CWST. Deutsche Bank Aktiengesellschaft began coverage on Casella Waste Systems in a research report on Thursday, May 23rd. They issued a “hold” rating and a $106.00 target price on the stock. Stifel Nicolaus reissued a “buy” rating and set a $117.00 price target (up previously from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Finally, Raymond James increased their price target on Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $108.20.

Casella Waste Systems Trading Up 0.7 %

Shares of NASDAQ:CWST opened at $101.23 on Friday. The company has a market capitalization of $5.87 billion, a P/E ratio of 328.61, a P/E/G ratio of 9.08 and a beta of 0.99. Casella Waste Systems, Inc. has a 1 year low of $72.97 and a 1 year high of $109.08. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 1.51. The business’s 50 day simple moving average is $104.87 and its 200 day simple moving average is $99.40.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Thursday, August 1st. The industrial products company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). The business had revenue of $377.20 million during the quarter, compared to analyst estimates of $373.87 million. Casella Waste Systems had a net margin of 1.35% and a return on equity of 3.83%. The company’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.36 EPS. On average, research analysts anticipate that Casella Waste Systems, Inc. will post 0.57 EPS for the current fiscal year.

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.