Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by Versor Investments LP

Versor Investments LP cut its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST – Get Rating) by 18.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,617 shares of the industrial products company’s stock after selling 593 shares during the period. Versor Investments LP’s holdings in Casella Waste Systems were worth $229,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CWST. Signaturefd LLC boosted its holdings in Casella Waste Systems by 43.0% in the 1st quarter. Signaturefd LLC now owns 522 shares of the industrial products company’s stock worth $46,000 after buying an additional 157 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Casella Waste Systems by 919.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 958 shares of the industrial products company’s stock worth $81,000 after buying an additional 864 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Casella Waste Systems in the 1st quarter worth about $102,000. Sterling Investment Advisors Ltd. acquired a new stake in Casella Waste Systems in the 4th quarter worth about $103,000. Finally, USA Financial Portformulas Corp boosted its holdings in Casella Waste Systems by 5,904.2% in the 4th quarter. USA Financial Portformulas Corp now owns 1,441 shares of the industrial products company’s stock worth $123,000 after buying an additional 1,417 shares during the last quarter. 94.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CWST shares. Raymond James lifted their price objective on Casella Waste Systems from $92.00 to $100.00 and gave the stock a “strong-buy” rating in a report on Friday, April 22nd. StockNews.com lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a research note on Saturday, May 7th.

Casella Waste Systems Trading Up 1.4 %

CWST opened at $80.95 on Monday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.93 and a quick ratio of 0.85. The company’s 50 day simple moving average is $71.95 and its two-hundred day simple moving average is $77.21. Casella Waste Systems, Inc. has a 1-year low of $63.90 and a 1-year high of $92.75. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 101.19, a price-to-earnings-growth ratio of 5.12 and a beta of 0.98.

Casella Waste Systems (NASDAQ:CWST – Get Rating) last released its earnings results on Thursday, July 28th. The industrial products company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. The business had revenue of $283.67 million for the quarter, compared to analyst estimates of $252.48 million. Casella Waste Systems had a net margin of 4.39% and a return on equity of 11.43%. The business’s revenue was up 31.4% on a year-over-year basis. During the same period last year, the company posted $0.25 EPS. Analysts expect that Casella Waste Systems, Inc. will post 1.03 EPS for the current fiscal year.

Casella Waste Systems Company Profile

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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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