AMI Asset Management Corp Decreases Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

AMI Asset Management Corp trimmed its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 3.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,815 shares of the industrial products company’s stock after selling 559 shares during the period. AMI Asset Management Corp’s holdings in Casella Waste Systems were worth $1,568,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in CWST. Harbor Capital Advisors Inc. boosted its holdings in Casella Waste Systems by 108.0% in the third quarter. Harbor Capital Advisors Inc. now owns 66,129 shares of the industrial products company’s stock worth $6,579,000 after purchasing an additional 34,340 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Casella Waste Systems by 87.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 78,549 shares of the industrial products company’s stock worth $7,815,000 after buying an additional 36,573 shares during the period. Geode Capital Management LLC lifted its position in shares of Casella Waste Systems by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,430,958 shares of the industrial products company’s stock valued at $142,393,000 after buying an additional 109,288 shares in the last quarter. Millennium Management LLC lifted its position in shares of Casella Waste Systems by 667.9% during the 2nd quarter. Millennium Management LLC now owns 48,231 shares of the industrial products company’s stock valued at $4,785,000 after buying an additional 41,950 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Casella Waste Systems by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 861,463 shares of the industrial products company’s stock valued at $85,476,000 after acquiring an additional 26,189 shares during the period. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Stock Down 0.3 %

NASDAQ CWST opened at $111.49 on Tuesday. The stock has a 50 day moving average price of $108.72 and a 200-day moving average price of $105.16. Casella Waste Systems, Inc. has a one year low of $83.50 and a one year high of $114.88. 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 company has a market capitalization of $7.06 billion, a P/E ratio of 929.08, a P/E/G ratio of 3.98 and a beta of 1.03.

Casella Waste Systems (NASDAQ:CWST) last posted 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 the consensus estimate of $412.59 million. During the same quarter last year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was up 16.7% on a year-over-year basis. As a group, equities analysts predict that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CWST. William Blair assumed coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Stifel Nicolaus raised their price objective on shares of Casella Waste Systems from $117.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. 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 for the company in a report on Friday, November 1st. Two 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. According to MarketBeat, Casella Waste Systems has an average rating of “Moderate Buy” and a consensus target price of $114.00.

Insider Buying and Selling at Casella Waste Systems

In related news, SVP Paul Ligon sold 1,730 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $106.81, for a total value of $184,781.30. Following the sale, the senior vice president now directly owns 21,085 shares of the company’s stock, valued at $2,252,088.85. This represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.24% of the company’s stock.

Casella Waste Systems 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.