Casella Waste Systems, Inc. $CWST Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 12.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,721 shares of the industrial products company’s stock after selling 7,304 shares during the period. New York State Common Retirement Fund’s holdings in Casella Waste Systems were worth $5,737,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in shares of Casella Waste Systems during the 2nd quarter worth approximately $25,000. Maseco LLP purchased a new stake in Casella Waste Systems in the 2nd quarter worth $25,000. Caitong International Asset Management Co. Ltd raised its position in Casella Waste Systems by 325.5% during the second quarter. Caitong International Asset Management Co. Ltd now owns 217 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 166 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Casella Waste Systems by 301.6% during the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 184 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Casella Waste Systems in the second quarter valued at about $33,000. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Casella Waste Systems Price Performance

CWST stock opened at $94.57 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.51 and a quick ratio of 1.43. The business has a 50 day simple moving average of $90.64 and a 200-day simple moving average of $100.57. The firm has a market capitalization of $6.00 billion, a PE ratio of 394.06 and a beta of 0.80. Casella Waste Systems, Inc. has a 1 year low of $82.22 and a 1 year high of $121.24.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. The firm had revenue of $485.35 million for the quarter, compared to the consensus estimate of $477.24 million. Casella Waste Systems had a return on equity of 5.63% and a net margin of 0.85%.The firm’s revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share. Equities research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CWST. Barclays set a $95.00 price target on shares of Casella Waste Systems and gave the stock an “equal weight” rating in a research report on Monday, November 3rd. Stifel Nicolaus began coverage on Casella Waste Systems in a report on Monday, September 29th. They set a “buy” rating and a $113.00 target price for the company. Loop Capital raised Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Friday, September 19th. Raymond James Financial reissued a “strong-buy” rating and issued a $120.00 price objective on shares of Casella Waste Systems in a research note on Monday, November 3rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Casella Waste Systems in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.75.

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.