5,000 Shares in Casella Waste Systems, Inc. (NASDAQ:CWST) Bought by HBK Investments L P

HBK Investments L P bought a new stake in Casella Waste Systems, Inc. (NASDAQ:CWST) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,000 shares of the industrial products company’s stock, valued at approximately $497,000.

Other large investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its stake in shares of Casella Waste Systems by 108.0% during the third quarter. Harbor Capital Advisors Inc. now owns 66,129 shares of the industrial products company’s stock valued at $6,579,000 after acquiring an additional 34,340 shares during the last quarter. Williams Financial LLC acquired a new stake in Casella Waste Systems during the 2nd quarter valued at approximately $2,427,000. Millennium Management LLC grew its stake in 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 purchasing an additional 41,950 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Casella Waste Systems by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 861,463 shares of the industrial products company’s stock worth $85,476,000 after acquiring an additional 26,189 shares in the last quarter. Finally, MQS Management LLC acquired a new position in shares of Casella Waste Systems in the 3rd quarter worth approximately $562,000. Institutional investors and hedge funds 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 business’s stock in a transaction dated Wednesday, November 6th. The stock was 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. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.24% of the company’s stock.

Analysts Set New Price Targets

CWST has been the subject of several research reports. William Blair initiated coverage on Casella Waste Systems in a research report on Thursday, October 3rd. They issued an “outperform” rating for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $117.00 target price (up previously from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. Raymond James boosted their price objective 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. Finally, Deutsche Bank Aktiengesellschaft dropped 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. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $111.50.

Casella Waste Systems Stock Performance

Shares of CWST stock opened at $112.28 on Friday. Casella Waste Systems, Inc. has a 1-year low of $79.16 and a 1-year high of $114.56. The company has a current ratio of 2.55, a quick ratio of 2.48 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 935.67, a P/E/G ratio of 6.65 and a beta of 0.99. The stock’s fifty day simple moving average is $103.41 and its 200-day simple moving average is $102.40.

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 for the quarter, missing analysts’ consensus estimates 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. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. On average, sell-side analysts predict that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.

About Casella Waste Systems

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.