State of New Jersey Common Pension Fund D Sells 635 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

State of New Jersey Common Pension Fund D lessened its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 3.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 20,580 shares of the industrial products company’s stock after selling 635 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Casella Waste Systems were worth $2,048,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CWST. New Covenant Trust Company N.A. bought a new stake in Casella Waste Systems during the 1st quarter worth $26,000. Opal Wealth Advisors LLC bought a new stake in shares of Casella Waste Systems during the second quarter worth about $29,000. GAMMA Investing LLC increased its stake 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 buying an additional 139 shares during the period. Mark Sheptoff Financial Planning LLC raised its holdings in Casella Waste Systems by 100.0% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 1,000 shares of the industrial products company’s stock valued at $99,000 after buying an additional 500 shares during the last quarter. Finally, Liberty One Investment Management LLC acquired a new stake in Casella Waste Systems during the 2nd quarter worth approximately $167,000. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on CWST shares. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus restated a “buy” rating and issued a $117.00 price objective (up from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Raymond James lifted their target price on Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 19th. Finally, William Blair assumed coverage on Casella Waste Systems in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $111.50.

Casella Waste Systems Stock Performance

Shares of CWST opened at $106.55 on Friday. The company has a current ratio of 2.55, a quick ratio of 2.48 and a debt-to-equity ratio of 0.68. The firm’s fifty day simple moving average is $102.58 and its two-hundred day simple moving average is $101.38. Casella Waste Systems, Inc. has a 12 month low of $79.16 and a 12 month high of $111.01. The stock has a market capitalization of $6.75 billion, a P/E ratio of 887.92, a price-to-earnings-growth ratio of 6.51 and a beta of 0.99.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). The business had revenue of $411.63 million for the quarter, compared to the consensus estimate of $412.59 million. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 EPS. As a group, analysts predict that Casella Waste Systems, Inc. will post 0.65 EPS for the current year.

Insider Transactions at Casella Waste Systems

In other news, SVP Paul Ligon sold 1,730 shares of the stock in a transaction dated 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 owns 21,085 shares of the company’s stock, valued at $2,252,088.85. This represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 4.24% of the company’s stock.

Casella Waste Systems 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.