Global Alpha Capital Management Ltd. Buys 36,469 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Global Alpha Capital Management Ltd. raised its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 10.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 375,212 shares of the industrial products company’s stock after acquiring an additional 36,469 shares during the period. Casella Waste Systems makes up approximately 2.4% of Global Alpha Capital Management Ltd.’s holdings, making the stock its 17th biggest holding. Global Alpha Capital Management Ltd. owned 0.65% of Casella Waste Systems worth $37,330,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. New Covenant Trust Company N.A. purchased a new position in Casella Waste Systems in the first quarter valued at $26,000. Opal Wealth Advisors LLC acquired a new position in Casella Waste Systems in the 2nd quarter valued at about $29,000. GAMMA Investing LLC boosted its holdings in Casella Waste Systems by 76.4% in the 2nd 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. Liberty One Investment Management LLC acquired a new position in shares of Casella Waste Systems in the 2nd quarter worth approximately $167,000. Finally, Amalgamated Bank lifted its holdings in shares of 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. 99.51% of the stock is currently owned by institutional investors and hedge funds.

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 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 completion of the sale, the senior vice president now owns 21,085 shares of the company’s stock, valued at $2,252,088.85. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.24% of the stock is owned by insiders.

Casella Waste Systems Trading Up 1.2 %

CWST opened at $109.36 on Wednesday. The firm has a market capitalization of $6.92 billion, a P/E ratio of 911.33, a P/E/G ratio of 6.31 and a beta of 0.99. The firm’s 50 day moving average is $102.72 and its 200-day moving average is $101.78. Casella Waste Systems, Inc. has a 52-week low of $79.16 and a 52-week high of $111.01. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The company 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%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. Analysts expect that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

Analyst Ratings Changes

CWST has been the topic of several recent research reports. Raymond James upped their target price on shares of Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 19th. Stifel Nicolaus reiterated a “buy” rating and set a $117.00 price target (up previously from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Finally, William Blair initiated coverage on shares of Casella Waste Systems in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Two 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 company. According to data from MarketBeat.com, Casella Waste Systems presently has an average rating of “Moderate Buy” and a consensus target price of $111.50.

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.