Teachers Retirement System of The State of Kentucky Sells 6,492 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Teachers Retirement System of The State of Kentucky reduced its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 22.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,847 shares of the industrial products company’s stock after selling 6,492 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Casella Waste Systems were worth $2,273,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CWST. Zimmer Partners LP acquired a new position in shares of Casella Waste Systems in the 3rd quarter valued at $50,854,000. Wellington Management Group LLP boosted its position in shares of Casella Waste Systems by 50.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company’s stock valued at $144,704,000 after acquiring an additional 487,661 shares in the last quarter. Maven Securities LTD bought a new stake in Casella Waste Systems in the third quarter valued at about $19,898,000. Loomis Sayles & Co. L P raised its position in Casella Waste Systems by 21.8% in the third quarter. Loomis Sayles & Co. L P now owns 848,976 shares of the industrial products company’s stock worth $84,465,000 after purchasing an additional 151,744 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Casella Waste Systems during the third quarter worth about $14,924,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Price Performance

Casella Waste Systems stock opened at $106.06 on Monday. The business’s fifty day moving average is $106.18 and its two-hundred day moving average is $103.47. 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 firm has a market cap of $6.72 billion, a P/E ratio of 883.83, a P/E/G ratio of 6.53 and a beta of 1.02. Casella Waste Systems, Inc. has a 52 week low of $80.04 and a 52 week high of $114.88.

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 the consensus estimate 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 company had revenue of $411.63 million for the quarter, compared to analyst estimates of $412.59 million. During the same quarter last year, the company earned $0.35 EPS. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. Equities research analysts forecast that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CWST. Deutsche Bank Aktiengesellschaft lowered their price objective 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 boosted their target price on shares of Casella Waste Systems from $117.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Raymond James increased 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 report on Thursday, September 19th. Finally, William Blair assumed coverage on shares of Casella Waste Systems in a research report on Thursday, October 3rd. They issued an “outperform” rating on the stock. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.00.

Insider Transactions at Casella Waste Systems

In other news, SVP Paul Ligon sold 1,730 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $106.81, for a total transaction of $184,781.30. Following the completion of the sale, the senior vice president now owns 21,085 shares in the company, valued at $2,252,088.85. The trade was 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 link. 4.24% of the stock is owned by company 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.