3,026 Shares in Casella Waste Systems, Inc. (NASDAQ:CWST) Purchased by OneAscent Financial Services LLC

OneAscent Financial Services LLC acquired a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,026 shares of the industrial products company’s stock, valued at approximately $301,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Casella Waste Systems during the first quarter valued at approximately $263,000. US Bancorp DE boosted its stake in Casella Waste Systems by 7.9% during the 1st quarter. US Bancorp DE now owns 3,715 shares of the industrial products company’s stock valued at $367,000 after purchasing an additional 272 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Casella Waste Systems by 1.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,286 shares of the industrial products company’s stock worth $1,610,000 after purchasing an additional 160 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Casella Waste Systems by 1.1% in the first quarter. Vanguard Group Inc. now owns 5,536,410 shares of the industrial products company’s stock worth $547,385,000 after purchasing an additional 57,540 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Casella Waste Systems by 82.6% in the first quarter. Bessemer Group Inc. now owns 180,018 shares of the industrial products company’s stock worth $17,797,000 after purchasing an additional 81,454 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CWST shares. Raymond James lifted their price objective on Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $117.00 price target (up previously from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a report on Friday, November 1st. Finally, William Blair began coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $111.50.

Casella Waste Systems Stock Up 1.2 %

CWST stock opened at $109.36 on Wednesday. The company has a market cap of $6.92 billion, a price-to-earnings ratio of 911.33, a P/E/G ratio of 6.31 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55. The business’s 50-day moving average is $102.72 and its two-hundred day moving average is $101.78. Casella Waste Systems, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $111.01.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data 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). The business had revenue of $411.63 million during the quarter, compared to the consensus estimate of $412.59 million. Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. Casella Waste Systems’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter last year, the company earned $0.35 EPS. As a group, analysts forecast that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current year.

Insider Transactions at Casella Waste Systems

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

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.