Mutual of America Capital Management LLC Sells 10,363 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Mutual of America Capital Management LLC decreased its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 19.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,050 shares of the industrial products company’s stock after selling 10,363 shares during the period. Mutual of America Capital Management LLC owned 0.07% of Casella Waste Systems worth $4,184,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its stake in Casella Waste Systems by 108.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 66,129 shares of the industrial products company’s stock worth $6,579,000 after acquiring an additional 34,340 shares during the period. Williams Financial LLC purchased a new stake in Casella Waste Systems during the 2nd quarter valued at approximately $2,427,000. Vanguard Group Inc. grew its holdings in Casella Waste Systems by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 5,536,410 shares of the industrial products company’s stock valued at $547,385,000 after buying an additional 57,540 shares in the last quarter. Comerica Bank grew its holdings in Casella Waste Systems by 7.7% during the 1st quarter. Comerica Bank now owns 311,433 shares of the industrial products company’s stock valued at $30,791,000 after buying an additional 22,384 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Casella Waste Systems by 667.9% during the 2nd quarter. Millennium Management LLC now owns 48,231 shares of the industrial products company’s stock valued at $4,785,000 after buying an additional 41,950 shares in the last quarter. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Trading Up 2.1 %

CWST stock opened at $111.33 on Friday. The firm has a fifty day moving average price of $102.90 and a 200 day moving average price of $101.90. Casella Waste Systems, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $112.64. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55. The firm has a market cap of $7.05 billion, a PE ratio of 927.75, a price-to-earnings-growth ratio of 6.48 and a beta of 0.99.

Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The business had revenue of $411.63 million during the quarter, compared to analysts’ expectations of $412.59 million. During the same period last year, the business posted $0.35 earnings per share. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. Sell-side analysts anticipate that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $106.81, for a total transaction of $184,781.30. Following the completion of the transaction, the senior vice president now directly owns 21,085 shares of the company’s stock, valued at $2,252,088.85. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.24% of the stock is owned by insiders.

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.