12,904 Shares in Casella Waste Systems, Inc. (NASDAQ:CWST) Bought by Cinctive Capital Management LP

Cinctive Capital Management LP acquired a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,904 shares of the industrial products company’s stock, valued at approximately $1,284,000.

Other hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted its position in shares of Casella Waste Systems by 108.0% during the third quarter. Harbor Capital Advisors Inc. now owns 66,129 shares of the industrial products company’s stock worth $6,579,000 after purchasing an additional 34,340 shares during the last quarter. Williams Financial LLC bought a new position in Casella Waste Systems during the 2nd quarter worth approximately $2,427,000. Millennium Management LLC grew its position in shares of Casella Waste Systems by 667.9% in the 2nd quarter. Millennium Management LLC now owns 48,231 shares of the industrial products company’s stock worth $4,785,000 after acquiring an additional 41,950 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Casella Waste Systems by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 861,463 shares of the industrial products company’s stock valued at $85,476,000 after acquiring an additional 26,189 shares during the last quarter. Finally, MQS Management LLC acquired a new stake in shares of Casella Waste Systems during the 3rd quarter valued at approximately $562,000. 99.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CWST has been the subject of several recent research reports. William Blair assumed coverage on shares of Casella Waste Systems in a research note on Thursday, October 3rd. They set an “outperform” rating for the company. Raymond James increased their price objective 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. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $111.50.

Casella Waste Systems Stock Performance

Shares of NASDAQ:CWST opened at $113.93 on Wednesday. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68. The company’s 50-day moving average price is $104.18 and its 200 day moving average price is $102.77. The company has a market cap of $7.21 billion, a PE ratio of 949.42, a P/E/G ratio of 6.75 and a beta of 1.02. Casella Waste Systems, Inc. has a fifty-two week low of $80.04 and a fifty-two week high of $114.64.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly 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). The business had revenue of $411.63 million for the quarter, compared to the consensus estimate of $412.59 million. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the firm posted $0.35 EPS. Sell-side analysts anticipate that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current year.

Insider Buying and Selling at Casella Waste Systems

In other news, SVP Paul Ligon sold 1,730 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $106.81, for a total transaction of $184,781.30. Following the transaction, the senior vice president now directly owns 21,085 shares of the company’s stock, valued at approximately $2,252,088.85. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.24% of the stock is owned by company 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.