Y Intercept Hong Kong Ltd Makes New Investment in Casella Waste Systems, Inc. $CWST

Y Intercept Hong Kong Ltd acquired a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 58,168 shares of the industrial products company’s stock, valued at approximately $5,519,000.

Other institutional investors have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new position in shares of Casella Waste Systems during the 2nd quarter worth $25,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Casella Waste Systems by 325.5% during the 2nd 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. increased its position 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 purchasing an additional 184 shares in the last quarter. AlphaQuest LLC acquired a new stake in Casella Waste Systems in the second quarter valued at approximately $33,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Casella Waste Systems by 235.3% during the second quarter. EverSource Wealth Advisors LLC now owns 285 shares of the industrial products company’s stock worth $33,000 after buying an additional 200 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Casella Waste Systems Price Performance

Casella Waste Systems stock opened at $105.81 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.51 and a quick ratio of 1.43. Casella Waste Systems, Inc. has a one year low of $82.22 and a one year high of $121.24. The stock’s 50 day moving average is $99.05 and its 200 day moving average is $96.90. The firm has a market cap of $6.72 billion, a P/E ratio of 440.89 and a beta of 0.80.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Thursday, October 30th. The industrial products company reported $0.42 earnings per share (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 for the quarter, compared to the consensus estimate of $477.24 million. During the same quarter in the previous year, the company earned $0.27 EPS. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. As a group, research analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. UBS Group upped their price target on shares of Casella Waste Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Zacks Research raised Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Casella Waste Systems in a research report on Monday, December 29th. Stifel Nicolaus assumed coverage on Casella Waste Systems in a report on Monday, September 29th. They set a “buy” rating and a $113.00 price target on the stock. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $120.00 target price on shares of Casella Waste Systems in a research report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $114.33.

About Casella Waste Systems

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.