Intellectus Partners LLC Reduces Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Intellectus Partners LLC lessened its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 6.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,495 shares of the industrial products company’s stock after selling 180 shares during the quarter. Intellectus Partners LLC’s holdings in Casella Waste Systems were worth $248,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. New Covenant Trust Company N.A. purchased a new position in shares of Casella Waste Systems during the first quarter valued at approximately $26,000. Opal Wealth Advisors LLC purchased a new stake in Casella Waste Systems in the second quarter worth $29,000. GAMMA Investing LLC lifted its position 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 purchasing an additional 139 shares during the last quarter. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Casella Waste Systems by 100.0% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,000 shares of the industrial products company’s stock valued at $99,000 after purchasing an additional 500 shares during the period. Finally, Liberty One Investment Management LLC bought a new position in shares of Casella Waste Systems in the second quarter worth about $167,000. 99.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CWST has been the subject of several research reports. Raymond James boosted 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. Deutsche Bank Aktiengesellschaft dropped their price objective on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $117.00 target price (up from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Finally, William Blair initiated coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Two 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 MarketBeat.com, Casella Waste Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.50.

Insider Activity

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems 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 completion of the sale, the senior vice president now directly owns 21,085 shares in the company, valued at approximately $2,252,088.85. The trade was a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.24% of the company’s stock.

Casella Waste Systems Stock Down 0.4 %

Casella Waste Systems stock opened at $106.55 on Friday. Casella Waste Systems, Inc. has a 1-year low of $79.16 and a 1-year high of $111.01. The business has a fifty day moving average price of $102.58 and a 200-day moving average price of $101.38. 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 market capitalization of $6.75 billion, a price-to-earnings ratio of 887.92, a PEG ratio of 6.51 and a beta of 0.99.

Casella Waste Systems (NASDAQ:CWST) last posted 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 for the quarter, compared to analyst estimates of $412.59 million. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The business’s revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 EPS. Equities research analysts forecast that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

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.