Harbor Investment Advisory LLC Buys 185 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Harbor Investment Advisory LLC lifted its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 30.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 798 shares of the industrial products company’s stock after purchasing an additional 185 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Casella Waste Systems were worth $84,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CWST. GAMMA Investing LLC lifted its position in Casella Waste Systems by 64.5% in the 3rd quarter. GAMMA Investing LLC now owns 528 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 207 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in Casella Waste Systems in the 4th quarter valued at about $58,000. Amalgamated Bank lifted its position in Casella Waste Systems by 6.4% in the 3rd quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock valued at $210,000 after acquiring an additional 126 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Casella Waste Systems by 12.8% in 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 in the last quarter. Finally, Verdence Capital Advisors LLC lifted its position in Casella Waste Systems by 9.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,932 shares of the industrial products company’s stock valued at $292,000 after acquiring an additional 265 shares in the last quarter. Institutional investors own 99.51% of the company’s stock.

Insider Transactions at Casella Waste Systems

In related news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $106.81, for a total value of $184,781.30. Following the completion of the transaction, the senior vice president now directly owns 21,085 shares in the company, valued at approximately $2,252,088.85. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CWST has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft dropped their price target 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. Stifel Nicolaus lifted their target price on shares of Casella Waste Systems from $117.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, William Blair assumed coverage on shares of Casella Waste Systems in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $114.00.

Casella Waste Systems Trading Down 2.7 %

Shares of CWST stock opened at $107.83 on Thursday. The company has a 50 day moving average of $108.74 and a 200-day moving average of $105.26. 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, Inc. has a 12-month low of $84.45 and a 12-month high of $114.88. The firm has a market cap of $6.83 billion, a P/E ratio of 898.58, a PEG ratio of 3.98 and a beta of 1.03.

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 analysts’ expectations of $412.59 million. During the same quarter in the previous year, the business earned $0.35 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. Sell-side analysts anticipate that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current year.

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.