LMR Partners LLP Takes $2.41 Million Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

LMR Partners LLP acquired a new stake in Casella Waste Systems, Inc. (NASDAQ:CWST) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 24,266 shares of the industrial products company’s stock, valued at approximately $2,414,000.

A number of other institutional investors also recently added to or reduced their stakes in CWST. Vanguard Group Inc. boosted its position in shares of Casella Waste Systems by 1.1% during the 1st 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 in the last quarter. Conestoga Capital Advisors LLC increased its position in Casella Waste Systems by 3.1% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 3,386,970 shares of the industrial products company’s stock worth $336,055,000 after purchasing an additional 101,995 shares in the last quarter. Earnest Partners LLC boosted its holdings in Casella Waste Systems by 3.2% in the 2nd quarter. Earnest Partners LLC now owns 1,680,358 shares of the industrial products company’s stock worth $166,725,000 after acquiring an additional 51,516 shares during the period. Geneva Capital Management LLC boosted its holdings in Casella Waste Systems by 0.4% in the 3rd quarter. Geneva Capital Management LLC now owns 1,040,619 shares of the industrial products company’s stock worth $103,531,000 after acquiring an additional 4,324 shares during the period. Finally, Dimensional Fund Advisors LP boosted 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 buying an additional 26,189 shares during the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Insider Activity at Casella Waste Systems

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of the firm’s stock in a transaction on 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 directly owns 21,085 shares in the company, valued at approximately $2,252,088.85. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.24% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Casella Waste Systems Price Performance

Shares of CWST stock opened at $108.01 on Tuesday. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 900.08, a price-to-earnings-growth ratio of 6.31 and a beta of 0.99. 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, Inc. has a 12-month low of $79.16 and a 12-month high of $111.01. The firm has a fifty day moving average of $102.64 and a 200-day moving average of $101.66.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). The business had revenue of $411.63 million for 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 company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period last year, the firm earned $0.35 earnings per share. On average, equities research analysts forecast that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current 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.