Pathstone Holdings LLC Has $5.13 Million Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Pathstone Holdings LLC grew its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 4.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,589 shares of the industrial products company’s stock after purchasing an additional 2,057 shares during the period. Pathstone Holdings LLC owned about 0.09% of Casella Waste Systems worth $5,133,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new position in Casella Waste Systems during the 1st quarter worth $26,000. Opal Wealth Advisors LLC bought a new position in shares of Casella Waste Systems in the second quarter worth $29,000. GAMMA Investing LLC raised its stake in Casella Waste Systems by 76.4% in the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 139 shares in the last quarter. Liberty One Investment Management LLC bought a new stake in Casella Waste Systems during the second quarter worth about $167,000. Finally, Amalgamated Bank grew its stake in Casella Waste Systems by 6.4% during the third quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock worth $210,000 after buying an additional 126 shares in the last quarter. 99.51% of the stock is owned by institutional investors.

Casella Waste Systems Stock Up 1.1 %

Shares of CWST opened at $112.56 on Friday. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 938.00, a PEG ratio of 6.48 and a beta of 0.99. Casella Waste Systems, Inc. has a 52 week low of $79.16 and a 52 week high of $112.85. 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 has a fifty day moving average of $102.99 and a 200-day moving average of $102.03.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results 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). Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The firm had revenue of $411.63 million for the quarter, compared to analyst estimates of $412.59 million. During the same period in the previous year, the business posted $0.35 earnings per share. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. 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 cut their target price 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. Raymond James boosted their price target 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, William Blair initiated coverage on Casella Waste Systems in a research report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $111.50.

Insider Buying and Selling at Casella Waste Systems

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction dated 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. The trade was a 7.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.24% of the company’s stock.

Casella Waste Systems 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.