National Bank of Canada FI Buys 31,567 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

National Bank of Canada FI increased its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 1,107.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,417 shares of the industrial products company’s stock after acquiring an additional 31,567 shares during the period. National Bank of Canada FI owned about 0.05% of Casella Waste Systems worth $3,424,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CWST. Amalgamated Bank grew 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 acquiring an additional 126 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Casella Waste Systems by 1.8% in the second quarter. Principal Financial Group Inc. now owns 7,730 shares of the industrial products company’s stock worth $767,000 after purchasing an additional 135 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Casella Waste Systems by 1.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 10,436 shares of the industrial products company’s stock worth $1,035,000 after purchasing an additional 183 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in Casella Waste Systems by 3.6% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 5,607 shares of the industrial products company’s stock valued at $556,000 after purchasing an additional 195 shares during the last quarter. Finally, Xponance Inc. lifted its holdings in Casella Waste Systems by 5.9% in the 2nd quarter. Xponance Inc. now owns 3,633 shares of the industrial products company’s stock worth $360,000 after buying an additional 204 shares during the period. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Casella Waste Systems Price Performance

Shares of CWST stock opened at $106.06 on Friday. The business’s fifty day moving average is $106.18 and its 200 day moving average is $103.41. 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 cap of $6.72 billion, a price-to-earnings ratio of 883.83, a PEG ratio of 6.53 and a beta of 1.02. Casella Waste Systems, Inc. has a twelve month low of $80.04 and a twelve month high of $114.88.

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 analysts’ consensus estimates of $0.28 by ($0.01). Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. The business had revenue of $411.63 million during the quarter, compared to analysts’ expectations of $412.59 million. During the same period in the prior year, the company earned $0.35 earnings per share. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. Research analysts expect that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling at Casella Waste Systems

In related news, SVP Paul Ligon sold 1,730 shares of the company’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 4.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their target price 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 upped their price objective on shares of Casella Waste Systems from $117.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday. William Blair initiated coverage on shares of Casella Waste Systems in a research report on Thursday, October 3rd. They issued 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 company 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Casella Waste Systems has an average rating of “Moderate Buy” and a consensus target price of $114.00.

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.