Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 3.0% in the 4th quarter, HoldingsChannel reports. The fund owned 68,095 shares of the industrial products company’s stock after acquiring an additional 1,966 shares during the period. Harbor Capital Advisors Inc.’s holdings in Casella Waste Systems were worth $7,205,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Wasatch Advisors LP increased its position in shares of Casella Waste Systems by 0.3% during the 3rd quarter. Wasatch Advisors LP now owns 1,739,222 shares of the industrial products company’s stock valued at $173,035,000 after purchasing an additional 4,462 shares during the period. Earnest Partners LLC grew its holdings in Casella Waste Systems by 3.2% during the second quarter. Earnest Partners LLC now owns 1,680,358 shares of the industrial products company’s stock worth $166,725,000 after acquiring an additional 51,516 shares during the period. Wellington Management Group LLP raised its position in Casella Waste Systems by 50.4% in the third quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company’s stock worth $144,704,000 after acquiring an additional 487,661 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Casella Waste Systems by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,430,958 shares of the industrial products company’s stock valued at $142,393,000 after acquiring an additional 109,288 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Casella Waste Systems by 5.7% during the 3rd quarter. State Street Corp now owns 1,387,662 shares of the industrial products company’s stock valued at $138,058,000 after purchasing an additional 75,352 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Insider Activity

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of the business’s 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 sale, 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 legal filing with the SEC, which is available at this hyperlink. 4.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped 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 report on Friday, November 1st. William Blair initiated coverage on Casella Waste Systems in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Raymond James lifted their target price on Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 19th. Finally, Stifel Nicolaus upped their target price on Casella Waste Systems from $117.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Casella Waste Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.00.

Casella Waste Systems Stock Down 0.5 %

NASDAQ:CWST traded down $0.57 during trading hours on Friday, hitting $106.85. 68,343 shares of the company’s stock traded hands, compared to its average volume of 215,674. The firm has a market cap of $6.77 billion, a P/E ratio of 890.42, a P/E/G ratio of 6.53 and a beta of 1.03. Casella Waste Systems, Inc. has a twelve month low of $82.80 and a twelve month high of $114.88. 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 stock’s fifty day moving average price is $107.82 and its two-hundred day moving average price is $104.48.

Casella Waste Systems (NASDAQ:CWST) last announced 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 analysts’ expectations 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 revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share. On average, research analysts expect that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal 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.