William Blair Investment Management LLC Sells 5,684 Shares of Casella Waste Systems, Inc. $CWST

William Blair Investment Management LLC lessened its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 262,656 shares of the industrial products company’s stock after selling 5,684 shares during the period. William Blair Investment Management LLC owned approximately 0.41% of Casella Waste Systems worth $21,104,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wasatch Advisors LP boosted its stake in Casella Waste Systems by 36.8% during the second quarter. Wasatch Advisors LP now owns 3,531,594 shares of the industrial products company’s stock worth $342,459,000 after buying an additional 949,374 shares during the period. Wellington Management Group LLP raised its stake in shares of Casella Waste Systems by 6.6% in the second quarter. Wellington Management Group LLP now owns 1,292,101 shares of the industrial products company’s stock valued at $125,295,000 after acquiring an additional 80,299 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Casella Waste Systems by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,067,132 shares of the industrial products company’s stock valued at $84,663,000 after acquiring an additional 31,471 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Casella Waste Systems by 3.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 721,890 shares of the industrial products company’s stock valued at $58,863,000 after acquiring an additional 22,270 shares during the period. Finally, Ranger Investment Management L.P. bought a new stake in shares of Casella Waste Systems in the 2nd quarter worth about $32,045,000. 99.51% of the stock is currently owned by institutional investors.

Casella Waste Systems Trading Down 0.1%

Shares of CWST traded down $0.10 during trading hours on Friday, reaching $100.19. 551,095 shares of the company traded hands, compared to its average volume of 775,649. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of -556.58 and a beta of 0.71. Casella Waste Systems, Inc. has a 12-month low of $74.05 and a 12-month high of $107.96. The company has a current ratio of 0.95, a quick ratio of 0.99 and a debt-to-equity ratio of 0.86. The stock’s fifty day moving average price is $89.70 and its 200 day moving average price is $89.91.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Monday, November 9th. The industrial products company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). The company had revenue of $559.23 million during the quarter, compared to the consensus estimate of $563.17 million. Casella Waste Systems had a positive return on equity of 5.04% and a negative net margin of 0.56%. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 earnings per share. Sell-side analysts forecast that Casella Waste Systems, Inc. will post 1.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Casella Waste Systems from $91.00 to $99.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 21st. Barclays increased their price objective on shares of Casella Waste Systems from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday. Weiss Ratings lowered shares of Casella Waste Systems from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 30th. Raymond James Financial reissued a “strong-buy” rating and issued a $106.00 price objective on shares of Casella Waste Systems in a research note on Friday, October 9th. Finally, UBS Group lowered Casella Waste Systems from a “buy” rating to a “neutral” rating and dropped their target price for the company from $122.00 to $95.00 in a research report on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.80.

Insider Transactions at Casella Waste Systems

In other Casella Waste Systems news, Director Michael Burke sold 1,100 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $95.26, for a total value of $104,786.00. Following the transaction, the director directly owned 13,641 shares in the company, valued at $1,299,441.66. This represents a 7.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 2,395 shares of company stock valued at $226,325. 3.78% of the stock is owned by insiders.

Casella Waste Systems Profile

Casella Waste Systems is a regional solid waste services company that provides collection, transfer, disposal, recycling and resource management services. Its customers include residential, commercial, municipal and industrial clients. The company operates primarily in the northeastern United States, with services across states including Vermont, New Hampshire, New York, Maine, Massachusetts, Connecticut and Pennsylvania. Its operations also include recycling and organics services designed to recover materials and manage waste.