Harbor Capital Advisors Inc. Decreases Stake in Casella Waste Systems, Inc. $CWST

Harbor Capital Advisors Inc. trimmed its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 75.7% during the third quarter, Holdings Channel reports. The fund owned 16,443 shares of the industrial products company’s stock after selling 51,357 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Casella Waste Systems were worth $1,560,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Ameritas Advisory Services LLC purchased a new position in shares of Casella Waste Systems during the 2nd quarter valued at approximately $25,000. Maseco LLP bought a new stake in shares of Casella Waste Systems during the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of 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 valued at $25,000 after purchasing an additional 166 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Casella Waste Systems by 301.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after buying an additional 184 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Casella Waste Systems in the 2nd quarter worth about $33,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CWST shares. Stifel Nicolaus initiated coverage on Casella Waste Systems in a report on Monday, September 29th. They issued a “buy” rating and a $113.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on shares of Casella Waste Systems in a research note on Thursday, December 11th. They set a “neutral” rating and a $112.00 target price on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Casella Waste Systems in a report on Monday. Barclays set a $95.00 price objective on Casella Waste Systems and gave the company an “equal weight” rating in a report on Monday, November 3rd. Finally, UBS Group boosted their price target on shares of Casella Waste Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.56.

Casella Waste Systems Stock Performance

Casella Waste Systems stock opened at $101.13 on Friday. Casella Waste Systems, Inc. has a fifty-two week low of $82.22 and a fifty-two week high of $121.24. The firm’s 50 day simple moving average is $93.44 and its 200-day simple moving average is $98.94. 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 company has a market cap of $6.42 billion, a P/E ratio of 421.39 and a beta of 0.80.

Casella Waste Systems (NASDAQ:CWST) last posted 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. Casella Waste Systems had a net margin of 0.85% and a return on equity of 5.63%. The firm had revenue of $485.35 million during the quarter, compared to analyst estimates of $477.24 million. During the same quarter last year, the business posted $0.27 EPS. The company’s revenue was up 17.9% on a year-over-year basis. As a group, equities research analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Casella Waste Systems Profile

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.