Casella Waste Systems, Inc. (NASDAQ:CWST) Holdings Reduced by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC reduced its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 0.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,235,127 shares of the industrial products company’s stock after selling 8,573 shares during the quarter. Casella Waste Systems makes up approximately 4.5% of Conestoga Capital Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Conestoga Capital Advisors LLC owned about 0.05% of Casella Waste Systems worth $342,309,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Amalgamated Bank increased its stake in Casella Waste Systems by 6.4% during the third quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock worth $210,000 after acquiring an additional 126 shares during the last quarter. Integrated Investment Consultants LLC increased its position in shares of Casella Waste Systems by 2.2% during the 4th quarter. Integrated Investment Consultants LLC now owns 7,607 shares of the industrial products company’s stock worth $805,000 after purchasing an additional 165 shares during the last quarter. Harbor Investment Advisory LLC lifted its position in Casella Waste Systems by 30.2% in the fourth quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company’s stock valued at $84,000 after buying an additional 185 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Casella Waste Systems by 64.5% in the 3rd quarter. GAMMA Investing LLC now owns 528 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 207 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its position in shares of Casella Waste Systems by 9.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,932 shares of the industrial products company’s stock worth $292,000 after purchasing an additional 265 shares during the period. 99.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $106.81, for a total value of $184,781.30. Following the completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective on Casella Waste Systems from $117.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and dropped their price objective for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.80.

Casella Waste Systems Stock Performance

Shares of CWST stock opened at $107.54 on Monday. Casella Waste Systems, Inc. has a 52-week low of $84.45 and a 52-week high of $114.88. The stock’s 50-day moving average price is $108.41 and its 200 day moving average price is $105.47. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $6.81 billion, a PE ratio of 896.17, a price-to-earnings-growth ratio of 3.85 and a beta of 1.04.

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.