Granite Investment Partners LLC Sells 5,149 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Granite Investment Partners LLC lessened its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST – Get Rating) by 1.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 396,399 shares of the industrial products company’s stock after selling 5,149 shares during the period. Casella Waste Systems accounts for approximately 1.3% of Granite Investment Partners LLC’s portfolio, making the stock its 12th largest holding. Granite Investment Partners LLC owned approximately 0.77% of Casella Waste Systems worth $31,438,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CWST. Royal Bank of Canada lifted its holdings in shares of Casella Waste Systems by 2.3% during the 3rd quarter. Royal Bank of Canada now owns 157,630 shares of the industrial products company’s stock worth $12,041,000 after acquiring an additional 3,487 shares during the last quarter. FDx Advisors Inc. bought a new position in shares of Casella Waste Systems during the 4th quarter valued at about $326,000. Zacks Investment Management purchased a new position in shares of Casella Waste Systems during the 3rd quarter valued at about $642,000. HBK Sorce Advisory LLC raised its holdings in shares of Casella Waste Systems by 100.0% during the 4th quarter. HBK Sorce Advisory LLC now owns 41,032 shares of the industrial products company’s stock valued at $3,254,000 after buying an additional 20,516 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in Casella Waste Systems by 134.4% in the 3rd quarter. Fisher Asset Management LLC now owns 20,259 shares of the industrial products company’s stock worth $1,548,000 after buying an additional 11,616 shares during the last quarter. Institutional investors own 96.77% of the company’s stock.

Casella Waste Systems Stock Down 0.1 %

Shares of CWST traded down $0.06 during trading hours on Friday, hitting $92.20. The company had a trading volume of 40,892 shares, compared to its average volume of 243,803. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 91.35, a P/E/G ratio of 5.19 and a beta of 0.92. The firm has a fifty day moving average price of $86.86 and a 200-day moving average price of $82.63. Casella Waste Systems, Inc. has a 52-week low of $63.90 and a 52-week high of $95.78. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.20 and a current ratio of 1.29.

Casella Waste Systems (NASDAQ:CWST – Get Rating) last issued its earnings results on Friday, April 28th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. Casella Waste Systems had a net margin of 4.71% and a return on equity of 11.61%. The business had revenue of $262.60 million during the quarter, compared to analysts’ expectations of $255.14 million. During the same period in the previous year, the company earned $0.11 earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities research analysts forecast that Casella Waste Systems, Inc. will post 1.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CWST. StockNews.com assumed coverage on Casella Waste Systems in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Bank of America increased their price objective on Casella Waste Systems from $79.00 to $89.00 in a research note on Monday, May 1st. Raymond James decreased their target price on shares of Casella Waste Systems from $92.00 to $90.00 and set a “strong-buy” rating on the stock in a research note on Thursday, February 23rd. Finally, Stifel Nicolaus upped their price target on Casella Waste Systems from $94.00 to $103.00 in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Casella Waste Systems presently has a consensus rating of “Moderate Buy” and an average target price of $94.40.

About Casella Waste Systems

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Casella Waste Systems, Inc engages in the provision of solid waste management. It operates through the Eastern Region and Western Region geographical segments. The Eastern region segment involves the transfer, landfill, processing, and recycling assets serviced by collection operations. The Western region segment consists of waste sheds in western New York, which include the Ithaca, Elmira, Oneonta, Lowville, Potsdam, Geneva, Auburn, Rochester, Dunkirk, Jamestown and Olean markets.