Maven Securities LTD Acquires Shares of 200,000 Casella Waste Systems, Inc. (NASDAQ:CWST)

Maven Securities LTD purchased a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 200,000 shares of the industrial products company’s stock, valued at approximately $19,898,000. Casella Waste Systems makes up 0.4% of Maven Securities LTD’s investment portfolio, making the stock its 6th largest position.

A number of other institutional investors have also added to or reduced their stakes in the business. Opal Wealth Advisors LLC purchased a new stake in shares of Casella Waste Systems during the 2nd quarter worth $29,000. GAMMA Investing LLC lifted its stake in shares of Casella Waste Systems by 76.4% during the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock worth $32,000 after buying an additional 139 shares during the period. Liberty One Investment Management LLC purchased a new stake in Casella Waste Systems during the 2nd quarter valued at about $167,000. Amalgamated Bank increased its holdings in Casella Waste Systems by 6.4% in the 3rd quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock worth $210,000 after buying an additional 126 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Casella Waste Systems by 12.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,743 shares of the industrial products company’s stock worth $272,000 after acquiring an additional 311 shares during the period. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Wall Street Analysts Forecast Growth

CWST has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their price target on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a research report on Friday, November 1st. William Blair assumed coverage on Casella Waste Systems in a research note on Thursday, October 3rd. They set an “outperform” rating for the company. Finally, Raymond James boosted their price target on shares of Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a research report on Thursday, September 19th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $111.50.

Insider Transactions at Casella Waste Systems

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now owns 21,085 shares of the company’s stock, valued at approximately $2,252,088.85. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.24% of the company’s stock.

Casella Waste Systems Price Performance

NASDAQ:CWST opened at $113.93 on Wednesday. Casella Waste Systems, Inc. has a 52 week low of $80.04 and a 52 week high of $114.64. The company has a market capitalization of $7.21 billion, a P/E ratio of 949.42, a P/E/G ratio of 6.75 and a beta of 1.02. The stock’s fifty day moving average is $104.18 and its two-hundred day moving average is $102.77. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $411.63 million during the quarter, compared to analyst estimates of $412.59 million. During the same period in the prior year, the firm earned $0.35 earnings per share. The business’s revenue was up 16.7% compared to the same quarter last year. Equities analysts expect that Casella Waste Systems, Inc. will post 0.65 EPS for the current year.

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.