Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by Oppenheimer Asset Management Inc.

by · The Cerbat Gem

Oppenheimer Asset Management Inc. lessened its stake in Casella Waste Systems, Inc. (NASDAQ:CWST – Free Report) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,739 shares of the industrial products company’s stock after selling 804 shares during the period. Oppenheimer Asset Management Inc. owned 0.12% of Casella Waste Systems worth $7,038,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Amalgamated Bank grew its holdings in Casella Waste Systems by 6.4% during the third quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock worth $210,000 after acquiring an additional 126 shares during the period. Principal Financial Group Inc. boosted its holdings in Casella Waste Systems by 1.8% during the second quarter. Principal Financial Group Inc. now owns 7,730 shares of the industrial products company’s stock worth $767,000 after buying an additional 135 shares in the last quarter. GAMMA Investing LLC grew its position in Casella Waste Systems by 76.4% during the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock worth $32,000 after buying an additional 139 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in Casella Waste Systems by 1.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 16,286 shares of the industrial products company’s stock valued at $1,610,000 after buying an additional 160 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Casella Waste Systems by 1.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,436 shares of the industrial products company’s stock valued at $1,035,000 after acquiring an additional 183 shares during the period. Institutional investors and hedge funds own 99.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CWST shares. William Blair began coverage on Casella Waste Systems in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Raymond James upped their target price on Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a report on Thursday, September 19th. Stifel Nicolaus restated a “buy” rating and issued a $117.00 price target (up previously from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft decreased 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 research report on Friday, November 1st. 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. According to data from MarketBeat, Casella Waste Systems has an average rating of “Moderate Buy” and a consensus target price of $111.50.

View Our Latest Analysis on Casella Waste Systems

Casella Waste Systems Price Performance

Shares of NASDAQ:CWST opened at $107.02 on Friday. 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 business’s fifty day moving average price is $102.52 and its two-hundred day moving average price is $101.28. The stock has a market cap of $6.78 billion, a PE ratio of 891.83, a price-to-earnings-growth ratio of 6.37 and a beta of 0.99. Casella Waste Systems, Inc. has a one year low of $79.16 and a one year high of $111.01.

Casella Waste Systems (NASDAQ:CWST – Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The company had revenue of $411.63 million for the quarter, compared to analyst estimates of $412.59 million. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The firm’s revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 EPS. On average, analysts forecast that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling at Casella Waste Systems

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 completion of the transaction, the senior vice president now owns 21,085 shares of the company’s stock, valued at $2,252,088.85. This represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.24% of the stock is currently owned by insiders.

About Casella Waste Systems

(Free Report)

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.

Further Reading

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