Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. boosted its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 3.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 68,095 shares of the industrial products company’s stock after buying an additional 1,966 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.11% of Casella Waste Systems worth $7,205,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CWST. Principal Financial Group Inc. lifted its holdings in shares of Casella Waste Systems by 1.8% during the 2nd quarter. Principal Financial Group Inc. now owns 7,730 shares of the industrial products company’s stock valued at $767,000 after acquiring an additional 135 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Casella Waste Systems by 5.0% during the second quarter. Rhumbline Advisers now owns 83,943 shares of the industrial products company’s stock worth $8,329,000 after purchasing an additional 4,008 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Casella Waste Systems by 1.9% in the second quarter. Arizona State Retirement System now owns 15,959 shares of the industrial products company’s stock worth $1,583,000 after buying an additional 296 shares during the period. Federated Hermes Inc. grew its stake in shares of Casella Waste Systems by 36.1% in the second quarter. Federated Hermes Inc. now owns 11,374 shares of the industrial products company’s stock valued at $1,129,000 after buying an additional 3,019 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Casella Waste Systems by 34.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 71,543 shares of the industrial products company’s stock valued at $7,098,000 after buying an additional 18,417 shares during the period. 99.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CWST has been the subject of several recent research reports. Stifel Nicolaus increased their price objective on shares of Casella Waste Systems from $117.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. William Blair started coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Raymond James upped their price objective on shares of Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Casella Waste Systems currently has an average rating of “Moderate Buy” and a consensus target price of $114.00.

Casella Waste Systems Stock Performance

Shares of NASDAQ:CWST traded down $0.57 during trading on Friday, hitting $106.85. 68,343 shares of the company traded hands, compared to its average volume of 215,674. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68. The business’s fifty day moving average is $107.82 and its 200-day moving average is $104.48. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 890.42, a PEG ratio of 6.53 and a beta of 1.03. Casella Waste Systems, Inc. has a one year low of $82.80 and a one year high of $114.88.

Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The company had revenue of $411.63 million during the quarter, compared to the consensus estimate of $412.59 million. During the same quarter in the previous year, the business posted $0.35 earnings per share. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. As a group, equities analysts predict that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Casella Waste Systems

In related news, SVP Paul Ligon sold 1,730 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 directly owns 21,085 shares of the company’s stock, valued at $2,252,088.85. This represents a 7.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.24% of the stock is owned by company insiders.

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.