11,474 Casella Waste Systems, Inc. $CWST Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lessened its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,040,856 shares of the industrial products company’s stock after selling 11,474 shares during the quarter. Pictet Asset Management Holding SA owned 1.64% of Casella Waste Systems worth $83,632,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CWST. Associated Banc Corp purchased a new position in shares of Casella Waste Systems during the 3rd quarter valued at $313,000. Vise Technologies Inc. purchased a new stake in shares of Casella Waste Systems during the third quarter worth $603,000. Pinnacle Wealth Planning Services Inc. boosted its position in 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 during the last quarter. Yousif Capital Management LLC boosted its position in Casella Waste Systems by 13.2% during the third quarter. Yousif Capital Management LLC now owns 19,271 shares of the industrial products company’s stock valued at $1,548,000 after purchasing an additional 2,245 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Casella Waste Systems by 51.2% during the third quarter. Nisa Investment Advisors LLC now owns 2,269 shares of the industrial products company’s stock valued at $182,000 after purchasing an additional 768 shares during the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Insider Transactions at Casella Waste Systems

In related news, Director Michael Burke sold 1,100 shares of the business’s stock in a transaction dated 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 transaction, the director owned 13,641 shares of the company’s stock, valued at approximately $1,299,441.66. The trade was a 7.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas Casella sold 15,157 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $91.05, for a total value of $1,380,044.85. Following the transaction, the director directly owned 91,484 shares of the company’s stock, valued at $8,329,618.20. This represents a 14.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 18,700 shares of company stock worth $1,709,494 over the last quarter. 3.78% of the stock is currently owned by corporate insiders.

Casella Waste Systems News Summary

Here are the key news stories impacting Casella Waste Systems this week:

• Neutral Sentiment: Revenue increased 15.2% year over year to $559.2 million, but was below the roughly $563.2 million consensus estimate. Casella announces third-quarter 2026 results
• Negative Sentiment: Adjusted earnings were $0.35 per share, below analyst estimates of $0.42 in several reports (Zacks’ estimate was $0.36) and down from $0.42 a year earlier. The earnings and revenue misses prompted reports of a decline in CWST shares following the release. Casella falls on earnings and revenue miss

Analyst Ratings Changes

CWST has been the topic of several research reports. UBS Group lowered Casella Waste Systems from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $122.00 to $95.00 in a research report on Wednesday, October 21st. Barclays lifted their price target on Casella Waste Systems from $102.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Raymond James Financial reissued a “strong-buy” rating and issued a $106.00 price target on shares of Casella Waste Systems in a research note on Friday, October 9th. Weiss Ratings downgraded Casella Waste Systems from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Casella Waste Systems from $91.00 to $99.00 and gave the company a “neutral” rating in a research report on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.80.

Casella Waste Systems Stock Performance

NASDAQ:CWST opened at $99.02 on Tuesday. Casella Waste Systems, Inc. has a 1 year low of $74.05 and a 1 year high of $107.96. The firm’s fifty day simple moving average is $89.34 and its 200 day simple moving average is $90.07. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $6.30 billion, a PE ratio of 1,100.34 and a beta of 0.71.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Monday, November 9th. The industrial products company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). The firm had revenue of $559.23 million for the quarter, compared to analyst estimates of $563.17 million. Casella Waste Systems had a return on equity of 5.32% and a net margin of 0.29%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS. On average, sell-side analysts anticipate that Casella Waste Systems, Inc. will post 1.22 EPS for the current year.

About Casella Waste Systems

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.

Founded in 1975 by brothers John and Douglas Casella, the company is headquartered in Rutland, Vermont.