Kraematon Investment Advisors Inc. Sells 700 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Kraematon Investment Advisors Inc. decreased its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,943 shares of the industrial products company’s stock after selling 700 shares during the period. Casella Waste Systems accounts for about 4.8% of Kraematon Investment Advisors Inc.’s investment portfolio, making the stock its 2nd largest holding. Kraematon Investment Advisors Inc. owned 0.07% of Casella Waste Systems worth $4,861,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CWST. GAMMA Investing LLC raised its holdings in shares of Casella Waste Systems by 64.5% in the 3rd quarter. GAMMA Investing LLC now owns 528 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 207 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in Casella Waste Systems in the fourth quarter worth approximately $58,000. Amalgamated Bank increased its holdings in shares of Casella Waste Systems by 6.4% in the third quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock valued at $210,000 after buying an additional 126 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Casella Waste Systems by 12.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,743 shares of the industrial products company’s stock valued at $272,000 after acquiring an additional 311 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its stake in shares of Casella Waste Systems by 9.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,932 shares of the industrial products company’s stock worth $292,000 after acquiring an additional 265 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Casella Waste Systems Stock Down 0.3 %

CWST stock opened at $111.80 on Friday. The company has a 50 day moving average of $108.54 and a two-hundred day moving average of $104.85. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 931.67, a PEG ratio of 3.81 and a beta of 1.03. Casella Waste Systems, Inc. has a 12-month low of $82.84 and a 12-month high of $114.88. 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 announced its quarterly earnings data 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 firm had revenue of $411.63 million for the quarter, compared to analysts’ expectations of $412.59 million. During the same quarter in the prior year, the business posted $0.35 earnings per share. Casella Waste Systems’s revenue was up 16.7% on a year-over-year basis. On average, equities analysts anticipate that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus boosted their target price on Casella Waste Systems from $117.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Raymond James upped their price objective on shares of Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 19th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Finally, William Blair began coverage on shares of Casella Waste Systems in a research report on Thursday, October 3rd. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $114.00.

Insider Activity

In other 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 transaction of $184,781.30. Following the transaction, the senior vice president now owns 21,085 shares in the company, valued at approximately $2,252,088.85. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.24% of the stock is owned by corporate insiders.

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.