Moody Aldrich Partners LLC Has $3.15 Million Holdings in Casella Waste Systems, Inc. $CWST

by · The Cerbat Gem

Moody Aldrich Partners LLC lessened its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST – Free Report) by 16.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,239 shares of the industrial products company’s stock after selling 6,773 shares during the period. Moody Aldrich Partners LLC’s holdings in Casella Waste Systems were worth $3,154,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Fenimore Asset Management Inc bought a new position in shares of Casella Waste Systems during the third quarter worth about $10,838,000. Allspring Global Investments Holdings LLC boosted its position in Casella Waste Systems by 1.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 713,829 shares of the industrial products company’s stock worth $64,880,000 after acquiring an additional 12,123 shares during the last quarter. Sheets Smith Wealth Management grew its stake in shares of Casella Waste Systems by 69.6% during the 3rd quarter. Sheets Smith Wealth Management now owns 4,777 shares of the industrial products company’s stock worth $453,000 after acquiring an additional 1,960 shares in the last quarter. Trust Co. of Vermont raised its holdings in shares of Casella Waste Systems by 78.3% in the third quarter. Trust Co. of Vermont now owns 1,025 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 450 shares during the last quarter. Finally, Argent Capital Management LLC boosted its holdings in Casella Waste Systems by 21.3% during the third quarter. Argent Capital Management LLC now owns 6,719 shares of the industrial products company’s stock worth $637,000 after purchasing an additional 1,179 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors.

Casella Waste Systems Trading Down 2.3%

Shares of Casella Waste Systems stock opened at $97.94 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.51 and a quick ratio of 1.43. The business has a fifty day simple moving average of $94.18 and a two-hundred day simple moving average of $98.44. Casella Waste Systems, Inc. has a 1 year low of $82.22 and a 1 year high of $121.24. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 408.10 and a beta of 0.80.

Casella Waste Systems (NASDAQ:CWST – Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.09. The company had revenue of $485.35 million for the quarter, compared to analyst estimates of $477.24 million. Casella Waste Systems had a net margin of 0.85% and a return on equity of 5.63%. The company’s revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 earnings per share. Research analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Barclays set a $95.00 price target on shares of Casella Waste Systems and gave the company an “equal weight” rating in a research note on Monday, November 3rd. Stifel Nicolaus began coverage on Casella Waste Systems in a research report on Monday, September 29th. They issued a “buy” rating and a $113.00 target price on the stock. The Goldman Sachs Group reduced their price target on Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Raymond James Financial reaffirmed a “strong-buy” rating and set a $120.00 price target on shares of Casella Waste Systems in a research report on Monday, November 3rd. Finally, Loop Capital upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $113.56.

View Our Latest Stock Analysis on Casella Waste Systems

About Casella Waste Systems

(Free Report)

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.

See Also

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