Teacher Retirement System of Texas Reduces Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Teacher Retirement System of Texas lessened its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWSTFree Report) by 7.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,576 shares of the industrial products company’s stock after selling 698 shares during the period. Teacher Retirement System of Texas’ holdings in Casella Waste Systems were worth $654,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. CWM LLC boosted its holdings in shares of Casella Waste Systems by 89.1% in the second quarter. CWM LLC now owns 295 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 139 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Casella Waste Systems by 42.2% during the third quarter. Public Employees Retirement System of Ohio now owns 475 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 141 shares in the last quarter. State of Wyoming acquired a new position in shares of Casella Waste Systems during the second quarter worth $40,000. Pinebridge Investments L.P. acquired a new position in shares of Casella Waste Systems during the second quarter worth $67,000. Finally, ST Germain D J Co. Inc. acquired a new position in shares of Casella Waste Systems during the second quarter worth $77,000. Hedge funds and other institutional investors own 95.28% of the company’s stock.

Casella Waste Systems Price Performance

NASDAQ:CWST opened at $86.50 on Wednesday. Casella Waste Systems, Inc. has a one year low of $72.33 and a one year high of $95.78. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.56 and a current ratio of 1.63. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 135.16, a PEG ratio of 5.92 and a beta of 0.90. The firm’s fifty day moving average is $84.28 and its two-hundred day moving average is $81.27.

Casella Waste Systems (NASDAQ:CWSTGet Free Report) last posted its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. Casella Waste Systems had a net margin of 3.03% and a return on equity of 7.07%. The company had revenue of $352.70 million for the quarter, compared to analyst estimates of $360.67 million. During the same period in the prior year, the company earned $0.45 earnings per share. The firm’s revenue was up 19.4% on a year-over-year basis. Research analysts expect that Casella Waste Systems, Inc. will post 1 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CWST. Wolfe Research began coverage on Casella Waste Systems in a research report on Tuesday, October 17th. They set an “outperform” rating and a $96.00 price target on the stock. StockNews.com downgraded Casella Waste Systems from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. TheStreet downgraded Casella Waste Systems from a “b-” rating to a “c+” rating in a research report on Friday, October 6th. Finally, Wells Fargo & Company assumed coverage on Casella Waste Systems in a research report on Monday, November 27th. They issued an “overweight” rating and a $95.00 target price on the stock. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $99.00.

View Our Latest Stock Analysis on Casella Waste Systems

Casella Waste Systems Company Profile

(Free Report)

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the northeastern 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.

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Institutional Ownership by Quarter for Casella Waste Systems (NASDAQ:CWST)

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