Eidelman Virant Capital Sells 8,000 Shares of Casella Waste Systems Inc. (CWST)

Eidelman Virant Capital lessened its holdings in shares of Casella Waste Systems Inc. (NASDAQ:CWST) by 40.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,000 shares of the industrial products company’s stock after selling 8,000 shares during the period. Eidelman Virant Capital’s holdings in Casella Waste Systems were worth $276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Casella Waste Systems by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 2,033,357 shares of the industrial products company’s stock worth $38,227,000 after purchasing an additional 16,972 shares during the last quarter. Vanguard Group Inc. grew its position in Casella Waste Systems by 7.4% during the second quarter. Vanguard Group Inc. now owns 1,667,852 shares of the industrial products company’s stock valued at $27,369,000 after buying an additional 115,130 shares during the period. Macquarie Group Ltd. grew its position in Casella Waste Systems by 51.3% during the third quarter. Macquarie Group Ltd. now owns 1,550,003 shares of the industrial products company’s stock valued at $29,140,000 after buying an additional 525,459 shares during the period. State Street Corp grew its position in Casella Waste Systems by 7.3% during the second quarter. State Street Corp now owns 707,702 shares of the industrial products company’s stock valued at $11,615,000 after buying an additional 47,955 shares during the period. Finally, Epoch Investment Partners Inc. grew its position in Casella Waste Systems by 171.9% during the third quarter. Epoch Investment Partners Inc. now owns 637,775 shares of the industrial products company’s stock valued at $11,990,000 after buying an additional 403,224 shares during the period. 79.64% of the stock is owned by hedge funds and other institutional investors.

Shares of Casella Waste Systems Inc. (NASDAQ CWST) traded down $0.68 during midday trading on Monday, hitting $24.40. 79,937 shares of the stock traded hands, compared to its average volume of 187,189. The firm has a market capitalization of $1,054.44, a price-to-earnings ratio of -19.15 and a beta of 0.79. Casella Waste Systems Inc. has a 1-year low of $11.15 and a 1-year high of $27.38. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of -7.91.

In related news, COO Edwin D. Johnson sold 99,091 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $21.01, for a total transaction of $2,081,901.91. Following the transaction, the chief operating officer now directly owns 469,500 shares in the company, valued at $9,864,195. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher Heald sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $20.25, for a total transaction of $30,375.00. Following the transaction, the vice president now owns 71,451 shares in the company, valued at $1,446,882.75. The disclosure for this sale can be found here. Insiders have sold 191,024 shares of company stock worth $3,887,658 over the last 90 days. 11.47% of the stock is currently owned by company insiders.

Several analysts recently commented on the stock. Zacks Investment Research lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $22.00 target price on shares of Casella Waste Systems in a research report on Thursday, January 4th. KeyCorp reiterated a “buy” rating on shares of Casella Waste Systems in a research report on Friday, October 13th. Finally, BidaskClub upgraded shares of Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 29th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Casella Waste Systems has a consensus rating of “Buy” and an average price target of $20.20.

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About Casella Waste Systems

Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment.

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

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