State of New Jersey Common Pension Fund D Sells 635 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

State of New Jersey Common Pension Fund D cut its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,580 shares of the industrial products company’s stock after selling 635 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Casella Waste Systems were worth $2,048,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CWST. New Covenant Trust Company N.A. acquired a new position in Casella Waste Systems during the first quarter valued at approximately $26,000. Opal Wealth Advisors LLC bought a new position in shares of Casella Waste Systems in the second quarter valued at $29,000. GAMMA Investing LLC grew its stake in shares of Casella Waste Systems by 76.4% in the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock valued at $32,000 after buying an additional 139 shares in the last quarter. Mark Sheptoff Financial Planning LLC increased its holdings in Casella Waste Systems by 100.0% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,000 shares of the industrial products company’s stock worth $99,000 after buying an additional 500 shares during the last quarter. Finally, Liberty One Investment Management LLC bought a new stake in Casella Waste Systems during the second quarter worth $167,000. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Casella Waste Systems

In other news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems 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 transaction, the senior vice president now owns 21,085 shares in the company, valued at approximately $2,252,088.85. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.24% of the company’s stock.

Casella Waste Systems Trading Down 0.4 %

Shares of NASDAQ:CWST opened at $106.55 on Friday. The business’s 50 day simple moving average is $102.58 and its 200 day simple moving average is $101.38. Casella Waste Systems, Inc. has a 1 year low of $79.16 and a 1 year high of $111.01. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.55 and a quick ratio of 2.48. The company has a market capitalization of $6.75 billion, a P/E ratio of 887.92, a P/E/G ratio of 6.51 and a beta of 0.99.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results 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 return on equity of 3.04% and a net margin of 0.46%. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period last year, the company posted $0.35 earnings per share. On average, research analysts anticipate that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CWST. Raymond James lifted their price objective 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. Deutsche Bank Aktiengesellschaft dropped their price objective on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $117.00 price objective (up from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Finally, William Blair began coverage on Casella Waste Systems in a report on Thursday, October 3rd. They set an “outperform” rating for the company. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Casella Waste Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.50.

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.