Williams Financial LLC Buys New Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Williams Financial LLC bought a new stake in Casella Waste Systems, Inc. (NASDAQ:CWST) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 25,200 shares of the industrial products company’s stock, valued at approximately $2,427,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Genesee Capital Advisors LLC raised its holdings in Casella Waste Systems by 1.5% in the 1st quarter. Genesee Capital Advisors LLC now owns 7,384 shares of the industrial products company’s stock valued at $730,000 after acquiring an additional 111 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Casella Waste Systems by 76.4% during the 2nd quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock worth $32,000 after buying an additional 139 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Casella Waste Systems by 1.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 10,013 shares of the industrial products company’s stock worth $856,000 after buying an additional 160 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Casella Waste Systems by 1.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,286 shares of the industrial products company’s stock worth $1,610,000 after buying an additional 160 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its holdings in shares of Casella Waste Systems by 38.1% during the 1st quarter. Harbor Investment Advisory LLC now owns 613 shares of the industrial products company’s stock worth $61,000 after buying an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Stock Performance

NASDAQ CWST traded down $0.26 during trading hours on Friday, reaching $105.12. The company’s stock had a trading volume of 119,810 shares, compared to its average volume of 297,449. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.96. The business has a 50-day simple moving average of $101.38 and a 200 day simple moving average of $96.85. Casella Waste Systems, Inc. has a 52 week low of $72.97 and a 52 week high of $108.59. The stock has a market cap of $6.10 billion, a PE ratio of 339.10, a PEG ratio of 6.47 and a beta of 0.98.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.06). Casella Waste Systems had a net margin of 1.35% and a return on equity of 3.84%. The firm had revenue of $377.20 million during the quarter, compared to analyst estimates of $373.87 million. During the same quarter in the previous year, the business posted $0.36 EPS. Casella Waste Systems’s revenue for the quarter was up 30.2% compared to the same quarter last year. Equities research analysts predict that Casella Waste Systems, Inc. will post 0.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on CWST shares. Stifel Nicolaus restated a “buy” rating and set a $117.00 price objective (up from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft initiated coverage on Casella Waste Systems in a report on Thursday, May 23rd. They issued a “hold” rating and a $106.00 price target for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Casella Waste Systems presently has an average rating of “Moderate Buy” and an average price target of $103.80.

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.