BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 20,270 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 9.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,519 shares of the industrial products company’s stock after purchasing an additional 20,270 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.42% of Casella Waste Systems worth $24,526,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Moran Wealth Management LLC grew its stake in Casella Waste Systems by 37.6% in the 3rd quarter. Moran Wealth Management LLC now owns 5,412 shares of the industrial products company’s stock worth $538,000 after buying an additional 1,478 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its holdings in shares of Casella Waste Systems by 10.8% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 375,212 shares of the industrial products company’s stock worth $37,330,000 after acquiring an additional 36,469 shares during the last quarter. Segall Bryant & Hamill LLC grew its position in Casella Waste Systems by 4.8% in the third quarter. Segall Bryant & Hamill LLC now owns 322,782 shares of the industrial products company’s stock worth $32,114,000 after acquiring an additional 14,795 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Casella Waste Systems by 7.8% during the third quarter. PNC Financial Services Group Inc. now owns 9,661 shares of the industrial products company’s stock valued at $961,000 after purchasing an additional 695 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Casella Waste Systems during the third quarter worth about $5,255,000. 99.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CWST has been the topic of a number of research reports. William Blair began coverage on Casella Waste Systems in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Stifel Nicolaus restated a “buy” rating and issued a $117.00 price objective (up from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Raymond James increased 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. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of 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. Two 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $111.50.

Casella Waste Systems Stock Up 1.1 %

Shares of NASDAQ CWST opened at $112.56 on Friday. The firm’s fifty day moving average is $102.99 and its 200 day moving average is $102.03. Casella Waste Systems, Inc. has a 52 week low of $79.16 and a 52 week high of $112.85. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68. The company has a market cap 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 (NASDAQ:CWST) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). The firm had revenue of $411.63 million for the quarter, compared to the consensus estimate of $412.59 million. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The business’s revenue was up 16.7% on a year-over-year basis. During the same period last year, the company posted $0.35 earnings per share. On average, equities research analysts expect that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current year.

Insider Transactions at Casella Waste Systems

In related news, SVP Paul Ligon sold 1,730 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $106.81, for a total value of $184,781.30. Following the completion of the sale, the senior vice president now owns 21,085 shares of the company’s stock, valued at $2,252,088.85. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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.