Hardy Reed LLC Sells 180 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Hardy Reed LLC lowered its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 6.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,750 shares of the industrial products company’s stock after selling 180 shares during the period. Hardy Reed LLC’s holdings in Casella Waste Systems were worth $274,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Comerica Bank boosted its holdings in Casella Waste Systems by 7.7% in the first quarter. Comerica Bank now owns 311,433 shares of the industrial products company’s stock worth $30,791,000 after purchasing an additional 22,384 shares during the last quarter. New Covenant Trust Company N.A. purchased a new position in shares of Casella Waste Systems in the 1st quarter worth $26,000. Virtu Financial LLC boosted its stake in shares of Casella Waste Systems by 85.8% in the 1st quarter. Virtu Financial LLC now owns 4,393 shares of the industrial products company’s stock worth $434,000 after buying an additional 2,029 shares during the last quarter. Cetera Advisors LLC bought a new stake in shares of Casella Waste Systems in the first quarter worth $281,000. Finally, GAMMA Investing LLC increased its position in Casella Waste Systems by 76.4% during the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 139 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors.

Casella Waste Systems Stock Performance

Shares of NASDAQ:CWST opened at $111.50 on Wednesday. The company has a market capitalization of $7.06 billion, a price-to-earnings ratio of 929.17, a price-to-earnings-growth ratio of 6.69 and a beta of 0.99. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68. Casella Waste Systems, Inc. has a 52 week low of $79.16 and a 52 week high of $114.56. The firm has a 50 day moving average of $103.08 and a 200 day moving average of $102.23.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). The company had revenue of $411.63 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 EPS. On average, sell-side analysts predict that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CWST shares. Deutsche Bank Aktiengesellschaft cut their price target on 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. Raymond James boosted 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 research report on Thursday, September 19th. William Blair started coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $117.00 price target (up previously from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $111.50.

Insider Buying and Selling at Casella Waste Systems

In other news, SVP Paul Ligon sold 1,730 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 4.24% of the stock is owned by corporate 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.