Casella Waste Systems, Inc. $CWST Shares Sold by Capula Management Ltd

Capula Management Ltd lessened its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 91.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,230 shares of the industrial products company’s stock after selling 24,848 shares during the quarter. Capula Management Ltd’s holdings in Casella Waste Systems were worth $257,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mutual of America Capital Management LLC increased its holdings in Casella Waste Systems by 0.4% in the 1st quarter. Mutual of America Capital Management LLC now owns 42,187 shares of the industrial products company’s stock valued at $4,704,000 after purchasing an additional 174 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Casella Waste Systems by 48.7% during the first quarter. Cetera Investment Advisers now owns 6,216 shares of the industrial products company’s stock worth $693,000 after buying an additional 2,035 shares during the period. LPL Financial LLC grew its stake in shares of Casella Waste Systems by 15.0% in the first quarter. LPL Financial LLC now owns 28,824 shares of the industrial products company’s stock valued at $3,214,000 after buying an additional 3,757 shares in the last quarter. US Bancorp DE raised its holdings in shares of Casella Waste Systems by 49.0% in the 1st quarter. US Bancorp DE now owns 1,663 shares of the industrial products company’s stock valued at $185,000 after buying an additional 547 shares during the period. Finally, National Bank of Canada FI raised its holdings in shares of Casella Waste Systems by 120.6% in the 1st quarter. National Bank of Canada FI now owns 33,878 shares of the industrial products company’s stock valued at $3,777,000 after buying an additional 18,519 shares during the period. 99.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group raised their target price on Casella Waste Systems from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Raymond James Financial reissued a “strong-buy” rating and issued a $120.00 price objective on shares of Casella Waste Systems in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Casella Waste Systems in a research note on Wednesday, October 8th. Stifel Nicolaus assumed coverage on shares of Casella Waste Systems in a report on Monday, September 29th. They set a “buy” rating and a $113.00 target price on the stock. Finally, Barclays set a $95.00 price target on shares of Casella Waste Systems and gave the stock an “equal weight” rating in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Casella Waste Systems has a consensus rating of “Moderate Buy” and a consensus target price of $113.75.

Casella Waste Systems Stock Down 0.1%

Shares of NASDAQ:CWST opened at $94.57 on Friday. Casella Waste Systems, Inc. has a fifty-two week low of $82.22 and a fifty-two week high of $121.24. The firm’s 50 day moving average price is $90.64 and its 200 day moving average price is $100.57. The company has a quick ratio of 1.43, a current ratio of 1.51 and a debt-to-equity ratio of 0.72. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 394.06 and a beta of 0.80.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Thursday, October 30th. The industrial products company reported $0.42 EPS for the quarter, topping the consensus estimate 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 company had revenue of $485.35 million during the quarter, compared to analysts’ expectations of $477.24 million. During the same quarter in the previous year, the business posted $0.27 EPS. The firm’s revenue was up 17.9% on a year-over-year basis. As a group, equities research analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

About Casella Waste Systems

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.