7,504 Shares of Casella Waste Systems, Inc. $CWST Purchased by Vise Technologies Inc.

Vise Technologies Inc. acquired a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,504 shares of the industrial products company’s stock, valued at approximately $603,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CWST. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of Casella Waste Systems by 89.3% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,475 shares of the industrial products company’s stock valued at $119,000 after purchasing an additional 696 shares in the last quarter. Yousif Capital Management LLC grew its position in Casella Waste Systems by 13.2% in the 3rd quarter. Yousif Capital Management LLC now owns 19,271 shares of the industrial products company’s stock worth $1,548,000 after purchasing an additional 2,245 shares during the period. Nisa Investment Advisors LLC raised its stake in Casella Waste Systems by 51.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,269 shares of the industrial products company’s stock valued at $182,000 after buying an additional 768 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of Casella Waste Systems during the 3rd quarter valued at $524,000. Finally, ZWJ Investment Counsel Inc. increased its position in Casella Waste Systems by 4.9% during the third quarter. ZWJ Investment Counsel Inc. now owns 4,006 shares of the industrial products company’s stock valued at $322,000 after acquiring an additional 188 shares during the last quarter. Institutional investors own 99.51% of the company’s stock.

Insiders Place Their Bets

In related news, Director Douglas Casella sold 1,343 shares of Casella Waste Systems stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $91.12, for a total value of $122,374.16. Following the completion of the sale, the director directly owned 90,141 shares in the company, valued at $8,213,647.92. The trade was a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael Burke sold 1,100 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $95.26, for a total transaction of $104,786.00. Following the completion of the sale, the director directly owned 13,641 shares of the company’s stock, valued at $1,299,441.66. The trade was a 7.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,738 shares of company stock worth $348,700 in the last three months. Corporate insiders own 3.78% of the company’s stock.

Trending Headlines about Casella Waste Systems

Here are a few of the latest headlines about CWST:

• Positive Sentiment: Barclays raised its price target to $109 from $104 and reiterated an “overweight” rating, signaling confidence in further upside. Barclays rating information
• Positive Sentiment: Revenue grew 15.2% year over year to $559.2 million, despite falling short of analysts’ estimates. Casella earnings and revenue results
• Neutral Sentiment: CFO Bradford Helgeson sold 195 shares under a pre-arranged plan to cover tax withholding on vested awards; the sale was small relative to his remaining stake. CFO share sale details

Casella Waste Systems Price Performance

CWST stock opened at $98.53 on Thursday. The stock has a market cap of $6.27 billion, a PE ratio of -547.36 and a beta of 0.71. The company has a 50-day moving average price of $89.48 and a 200 day moving average price of $89.97. 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.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Monday, November 9th. The industrial products company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.06). The business had revenue of $559.23 million during the quarter, compared to the consensus estimate of $563.17 million. Casella Waste Systems had a negative net margin of 0.56% and a positive return on equity of 5.04%. The business’s revenue was up 15.2% compared to the same quarter last year. During the same period last year, the company earned $0.42 EPS. Equities research analysts anticipate that Casella Waste Systems, Inc. will post 1.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.