Sanctuary Advisors LLC Buys 2,109 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Sanctuary Advisors LLC boosted its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 63.2% in the 3rd quarter, Holdings Channel reports. The firm owned 5,448 shares of the industrial products company’s stock after acquiring an additional 2,109 shares during the quarter. Sanctuary Advisors LLC’s holdings in Casella Waste Systems were worth $542,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CWST. Zimmer Partners LP bought a new position in shares of Casella Waste Systems in the third quarter valued at approximately $50,854,000. Wellington Management Group LLP increased its holdings in shares of Casella Waste Systems by 50.4% in the third quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company’s stock worth $144,704,000 after purchasing an additional 487,661 shares during the period. Maven Securities LTD bought a new position in shares of Casella Waste Systems in the third quarter worth $19,898,000. Loomis Sayles & Co. L P raised its position in shares of Casella Waste Systems by 21.8% in the third quarter. Loomis Sayles & Co. L P now owns 848,976 shares of the industrial products company’s stock worth $84,465,000 after buying an additional 151,744 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Casella Waste Systems during the third quarter valued at $14,924,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Stock Up 1.4 %

Shares of CWST opened at $106.24 on Thursday. Casella Waste Systems, Inc. has a 1 year low of $80.04 and a 1 year high of $114.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.55 and a quick ratio of 2.48. The stock has a 50 day simple moving average of $107.00 and a two-hundred day simple moving average of $103.88. The firm has a market cap of $6.73 billion, a P/E ratio of 885.33, a P/E/G ratio of 6.53 and a beta of 1.01.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data 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 return on equity of 3.04% and a net margin of 0.46%. The business had revenue of $411.63 million during the quarter, compared to the consensus estimate of $412.59 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The company’s revenue was up 16.7% compared to the same quarter last year. On average, analysts forecast that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Casella Waste Systems

In other news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $106.81, for a total value of $184,781.30. Following the transaction, the senior vice president now owns 21,085 shares in the company, valued at approximately $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 accessible through this hyperlink. Company insiders own 4.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CWST shares. William Blair assumed coverage on Casella Waste Systems in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Stifel Nicolaus lifted their target price on shares of Casella Waste Systems from $117.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, Raymond James raised 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 research report on Thursday, September 19th. 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. According to MarketBeat, Casella Waste Systems has an average rating of “Moderate Buy” and an average price target of $114.00.

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.