Oak Family Advisors LLC Sells 3,100 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Oak Family Advisors LLC reduced its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 58.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,200 shares of the industrial products company’s stock after selling 3,100 shares during the period. Oak Family Advisors LLC’s holdings in Casella Waste Systems were worth $218,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CWST. New Covenant Trust Company N.A. acquired a new position in Casella Waste Systems in the first quarter valued at about $26,000. Johnson Financial Group Inc. acquired a new position in Casella Waste Systems during the fourth quarter worth approximately $28,000. Parallel Advisors LLC increased its position in Casella Waste Systems by 232.0% during the fourth quarter. Parallel Advisors LLC now owns 332 shares of the industrial products company’s stock worth $28,000 after buying an additional 232 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Casella Waste Systems in the second quarter valued at approximately $29,000. Finally, GAMMA Investing LLC grew its position in shares of Casella Waste Systems by 76.4% in the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 139 shares during the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems Price Performance

NASDAQ:CWST traded down $0.37 during trading hours on Thursday, reaching $105.25. 182,934 shares of the company were exchanged, compared to its average volume of 294,832. The company has a market capitalization of $6.10 billion, a P/E ratio of 340.19, a P/E/G ratio of 6.47 and a beta of 0.98. Casella Waste Systems, Inc. has a 1-year low of $72.97 and a 1-year high of $108.59. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.58 and a quick ratio of 1.50. The business has a 50 day moving average of $101.96 and a 200 day moving average of $97.18.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). The company had revenue of $377.20 million for the quarter, compared to analyst estimates of $373.87 million. Casella Waste Systems had a return on equity of 3.84% and a net margin of 1.35%. The company’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. Research analysts forecast that Casella Waste Systems, Inc. will post 0.79 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on CWST. Stifel Nicolaus reaffirmed a “buy” rating and issued a $117.00 target price (up previously from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft began coverage on Casella Waste Systems in a research report on Thursday, May 23rd. They issued a “hold” rating and a $106.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $103.80.

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.