Hilltop National Bank Sells 221 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Hilltop National Bank reduced its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 8.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,271 shares of the industrial products company’s stock after selling 221 shares during the quarter. Hilltop National Bank’s holdings in Casella Waste Systems were worth $240,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CWST. Zimmer Partners LP acquired a new stake in shares of Casella Waste Systems in the third quarter valued at about $50,854,000. Wellington Management Group LLP grew its position in shares of Casella Waste Systems by 50.4% in the third quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company’s stock valued at $144,704,000 after purchasing an additional 487,661 shares during the last quarter. Maven Securities LTD acquired a new stake in shares of Casella Waste Systems in the third quarter valued at about $19,898,000. Loomis Sayles & Co. L P grew its position in shares of Casella Waste Systems by 21.8% in the third quarter. Loomis Sayles & Co. L P now owns 848,976 shares of the industrial products company’s stock valued at $84,465,000 after purchasing an additional 151,744 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Casella Waste Systems in the third quarter valued at about $14,924,000. 99.51% of the stock is currently owned by institutional investors.

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 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 transaction, the senior vice president now owns 21,085 shares in the company, valued at approximately $2,252,088.85. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.24% of the company’s stock.

Casella Waste Systems Stock Down 0.5 %

NASDAQ CWST opened at $106.93 on Friday. The company has a current ratio of 2.55, a quick ratio of 2.48 and a debt-to-equity ratio of 0.68. The stock’s 50 day moving average is $107.82 and its two-hundred day moving average is $104.48. The company has a market capitalization of $6.77 billion, a price-to-earnings ratio of 891.08, a PEG ratio of 6.53 and a beta of 1.03. Casella Waste Systems, Inc. has a 1-year low of $82.80 and a 1-year high of $114.88.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 earnings per share. Equities analysts forecast that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CWST has been the topic of a number of recent research reports. Stifel Nicolaus lifted their target price on Casella Waste Systems from $117.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. William Blair initiated coverage on Casella Waste Systems in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Raymond James lifted their target price on Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Two 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.00.

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.