Stifel Financial Corp Purchases 5,888 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Stifel Financial Corp boosted its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 22.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,563 shares of the industrial products company’s stock after acquiring an additional 5,888 shares during the quarter. Stifel Financial Corp’s holdings in Casella Waste Systems were worth $3,140,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Maven Securities LTD bought a new position in Casella Waste Systems during the 3rd quarter valued at about $19,898,000. Loomis Sayles & Co. L P lifted its position in Casella Waste Systems by 21.8% during the third quarter. Loomis Sayles & Co. L P now owns 848,976 shares of the industrial products company’s stock valued at $84,465,000 after purchasing an additional 151,744 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Casella Waste Systems during the third quarter valued at approximately $14,924,000. Public Sector Pension Investment Board bought a new stake in Casella Waste Systems in the 3rd quarter worth approximately $12,245,000. Finally, F M Investments LLC bought a new stake in Casella Waste Systems in the 2nd quarter worth approximately $11,093,000. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Casella Waste Systems Trading Down 0.3 %

Shares of NASDAQ:CWST opened at $106.50 on Wednesday. The stock has a 50 day moving average of $106.53 and a 200 day moving average of $103.57. The company has a market cap of $6.74 billion, a PE ratio of 887.50, a price-to-earnings-growth ratio of 6.53 and a beta of 1.02. Casella Waste Systems, Inc. has a 12-month low of $80.04 and a 12-month high of $114.88. The company has a current ratio of 2.55, a quick ratio of 2.48 and a debt-to-equity ratio of 0.68.

Casella Waste Systems (NASDAQ:CWST) last posted 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). Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. The firm had revenue of $411.63 million during the quarter, compared to the consensus estimate of $412.59 million. During the same quarter in the previous year, the company earned $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, equities research analysts expect that Casella Waste Systems, Inc. will post 0.65 EPS for the current year.

Analyst Upgrades and Downgrades

CWST has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective 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. Stifel Nicolaus upped their price target on shares of Casella Waste Systems from $117.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. William Blair initiated coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Finally, Raymond James upped their target price on shares of Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a report on Thursday, September 19th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned 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 target price of $114.00.

Insiders Place Their Bets

In other news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction that occurred 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 sale, the senior vice president now owns 21,085 shares in the company, valued at $2,252,088.85. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.24% of the stock is currently owned by company insiders.

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.