Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by Hilltop National Bank

Hilltop National Bank lowered its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 8.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,271 shares of the industrial products company’s stock after selling 221 shares during the quarter. Hilltop National Bank’s holdings in Casella Waste Systems were worth $240,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wasatch Advisors LP increased its position in Casella Waste Systems by 0.3% in 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 acquiring an additional 4,462 shares during the period. Earnest Partners LLC increased its position in Casella Waste Systems by 3.2% in the 2nd quarter. Earnest Partners LLC now owns 1,680,358 shares of the industrial products company’s stock valued at $166,725,000 after acquiring an additional 51,516 shares during the period. Wellington Management Group LLP increased its position in Casella Waste Systems by 50.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company’s stock valued at $144,704,000 after acquiring an additional 487,661 shares during the period. Geode Capital Management LLC increased its position 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 period. Finally, State Street Corp increased its position in Casella Waste Systems by 5.7% in 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 acquiring an additional 75,352 shares during the period. Institutional investors and hedge funds own 99.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CWST shares. William Blair started coverage on Casella Waste Systems in a research note on Thursday, October 3rd. They set an “outperform” rating for the company. Stifel Nicolaus increased their price target on Casella Waste Systems from $117.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft decreased their price target on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Finally, Raymond James increased their price target on Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 19th. Two 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $114.00.

Casella Waste Systems Stock Performance

CWST opened at $106.93 on Friday. The firm has a market cap of $6.77 billion, a PE ratio of 891.08, a P/E/G ratio of 6.53 and a beta of 1.03. 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 business has a fifty day simple moving average of $107.82 and a 200-day simple moving average of $104.48. Casella Waste Systems, Inc. has a fifty-two week low of $82.80 and a fifty-two week high of $114.88.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). The company had revenue of $411.63 million for the quarter, compared to the consensus estimate of $412.59 million. Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. The business’s revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 earnings per share. As a group, equities analysts predict that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

Insider Transactions 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 value of $184,781.30. Following the completion of the sale, the senior vice president now owns 21,085 shares of the company’s stock, valued at $2,252,088.85. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 4.24% of the stock is currently 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.