LMR Partners LLP Takes $2.41 Million Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

LMR Partners LLP acquired a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 24,266 shares of the industrial products company’s stock, valued at approximately $2,414,000.

Several other hedge funds also recently bought and sold shares of the company. Capital Research Global Investors boosted its stake in shares of Casella Waste Systems by 277.1% in the 1st quarter. Capital Research Global Investors now owns 723,405 shares of the industrial products company’s stock valued at $71,523,000 after purchasing an additional 531,573 shares in the last quarter. F M Investments LLC bought a new position in Casella Waste Systems in the 2nd quarter worth $11,093,000. Conestoga Capital Advisors LLC increased its stake in shares of Casella Waste Systems by 3.1% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 3,386,970 shares of the industrial products company’s stock worth $336,055,000 after acquiring an additional 101,995 shares in the last quarter. Seven Grand Managers LLC bought a new position in shares of Casella Waste Systems in the 3rd quarter worth about $9,999,000. Finally, Bessemer Group Inc. increased its stake in shares of Casella Waste Systems by 82.6% in the 1st quarter. Bessemer Group Inc. now owns 180,018 shares of the industrial products company’s stock worth $17,797,000 after acquiring an additional 81,454 shares in the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Trading Up 1.4 %

CWST stock opened at $108.01 on Tuesday. The firm has a fifty day moving average price of $102.64 and a 200 day moving average price of $101.66. Casella Waste Systems, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $111.01. 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 firm has a market cap of $6.84 billion, a PE ratio of 900.08, a price-to-earnings-growth ratio of 6.31 and a beta of 0.99.

Casella Waste Systems (NASDAQ:CWST) last posted its 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 during the quarter, compared to analysts’ expectations of $412.59 million. During the same period last year, the business posted $0.35 earnings per share. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. Sell-side analysts anticipate that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CWST has been the topic of a number of recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $117.00 price target (up previously from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft decreased 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 note on Friday, November 1st. William Blair initiated coverage on shares of Casella Waste Systems in a research note on Thursday, October 3rd. They set an “outperform” rating on the stock. Finally, Raymond James raised their target price on shares of 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. Two 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 stock. According to MarketBeat.com, Casella Waste Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.50.

Insiders Place Their Bets

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems 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 completion of the transaction, the senior vice president now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.24% of the stock is owned by insiders.

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.