Moran Wealth Management LLC Buys 1,478 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Moran Wealth Management LLC grew its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 37.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,412 shares of the industrial products company’s stock after buying an additional 1,478 shares during the period. Moran Wealth Management LLC’s holdings in Casella Waste Systems were worth $538,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. bought a new stake in shares of Casella Waste Systems in the 1st quarter valued at about $26,000. Opal Wealth Advisors LLC bought a new stake in Casella Waste Systems during the second quarter worth $29,000. GAMMA Investing LLC grew its position in shares of Casella Waste Systems by 76.4% during the 2nd quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 139 shares during the period. Liberty One Investment Management LLC bought a new position in Casella Waste Systems during the second quarter worth about $167,000. Finally, Amalgamated Bank raised its stake in shares of Casella Waste Systems by 6.4% during the 3rd quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock valued at $210,000 after purchasing an additional 126 shares during the period. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Trading Up 1.1 %

Shares of Casella Waste Systems stock opened at $112.56 on Friday. Casella Waste Systems, Inc. has a twelve month low of $79.16 and a twelve month high of $112.85. 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 business has a 50-day moving average price of $102.99 and a 200-day moving average price of $102.03. The firm has a market cap of $7.13 billion, a price-to-earnings ratio of 938.00, a PEG ratio of 6.48 and a beta of 0.99.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The business had revenue of $411.63 million for the quarter, compared to analysts’ expectations of $412.59 million. During the same quarter last year, the firm earned $0.35 EPS. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. Equities research analysts anticipate that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CWST shares. William Blair began coverage on Casella Waste Systems in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued 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 upped their price objective on 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 equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Casella Waste Systems has a consensus rating of “Moderate Buy” and a consensus price target of $111.50.

Insider Buying and Selling

In other 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 transaction of $184,781.30. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.24% of the stock is owned by insiders.

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.