Natixis Advisors LLC Decreases Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Natixis Advisors LLC lessened its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,558 shares of the industrial products company’s stock after selling 485 shares during the quarter. Natixis Advisors LLC owned 0.08% of Casella Waste Systems worth $4,732,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. MQS Management LLC bought a new position in shares of Casella Waste Systems in the third quarter worth about $562,000. Geneva Capital Management LLC boosted its stake in Casella Waste Systems by 0.4% during the third quarter. Geneva Capital Management LLC now owns 1,040,619 shares of the industrial products company’s stock worth $103,531,000 after buying an additional 4,324 shares during the period. Versor Investments LP purchased a new stake in shares of Casella Waste Systems during the third quarter valued at $527,000. Verdence Capital Advisors LLC boosted its stake in shares of Casella Waste Systems by 9.9% during the third quarter. Verdence Capital Advisors LLC now owns 2,932 shares of the industrial products company’s stock valued at $292,000 after purchasing an additional 265 shares during the period. Finally, Amalgamated Bank boosted its stake in shares of Casella Waste Systems by 6.4% during the third quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock valued at $210,000 after purchasing an additional 126 shares during the period. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on CWST. Stifel Nicolaus reiterated a “buy” rating and issued a $117.00 target price (up from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Raymond James lifted their target price 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. Deutsche Bank Aktiengesellschaft cut their price target on 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. Finally, William Blair assumed coverage on Casella Waste Systems in a research report on Thursday, October 3rd. They issued an “outperform” rating on the stock. 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $111.50.

Insider Buying and Selling at Casella Waste Systems

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

Casella Waste Systems Trading Up 1.1 %

NASDAQ:CWST opened at $112.56 on Friday. The firm has a market cap of $7.13 billion, a P/E ratio of 938.00, a PEG ratio of 6.48 and a beta of 0.99. 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 stock’s 50 day simple moving average is $102.99 and its 200-day simple moving average is $102.03. Casella Waste Systems, Inc. has a 12-month low of $79.16 and a 12-month high of $112.85.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). The company had revenue of $411.63 million during the quarter, compared to analysts’ expectations 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 was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 earnings per share. Equities analysts anticipate that Casella Waste Systems, Inc. will post 0.65 EPS for the current 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.