Eagle Boston Investment Management Inc. Acquires 16,479 Shares of Casella Waste Systems (CWST)

Eagle Boston Investment Management Inc. lifted its holdings in shares of Casella Waste Systems (NASDAQ:CWST) by 2.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 677,078 shares of the industrial products company’s stock after acquiring an additional 16,479 shares during the period. Casella Waste Systems accounts for about 1.6% of Eagle Boston Investment Management Inc.’s holdings, making the stock its 9th biggest position. Eagle Boston Investment Management Inc. owned approximately 1.60% of Casella Waste Systems worth $15,830,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CWST. California Public Employees Retirement System grew its position in shares of Casella Waste Systems by 15.7% during the third quarter. California Public Employees Retirement System now owns 128,899 shares of the industrial products company’s stock worth $2,423,000 after acquiring an additional 17,499 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Casella Waste Systems by 1.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 197,032 shares of the industrial products company’s stock worth $4,536,000 after acquiring an additional 2,458 shares during the last quarter. Boston Advisors LLC grew its position in shares of Casella Waste Systems by 31.0% during the fourth quarter. Boston Advisors LLC now owns 319,850 shares of the industrial products company’s stock worth $7,363,000 after acquiring an additional 75,630 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Casella Waste Systems during the fourth quarter worth approximately $7,653,000. Finally, Aperio Group LLC purchased a new position in shares of Casella Waste Systems during the fourth quarter worth approximately $231,000. Institutional investors and hedge funds own 83.59% of the company’s stock.

In other Casella Waste Systems news, VP Christopher Heald sold 2,883 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $26.51, for a total value of $76,428.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Douglas R. Casella sold 6,978 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $26.45, for a total value of $184,568.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,625 shares of company stock worth $3,215,250. 11.47% of the stock is currently owned by insiders.

Casella Waste Systems opened at $24.56 on Friday, MarketBeat Ratings reports. Casella Waste Systems has a 1-year low of $24.67 and a 1-year high of $24.94. The company has a debt-to-equity ratio of -12.75, a quick ratio of 0.93 and a current ratio of 1.00. The firm has a market capitalization of $1.04 billion, a P/E ratio of 37.00 and a beta of 0.92.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Thursday, May 3rd. The industrial products company reported $0.00 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.01. Casella Waste Systems had a negative net margin of 4.16% and a negative return on equity of 53.97%. The firm had revenue of $147.50 million for the quarter, compared to analyst estimates of $139.13 million. During the same period last year, the firm posted ($0.01) EPS. Casella Waste Systems’s quarterly revenue was up 10.2% on a year-over-year basis. analysts forecast that Casella Waste Systems will post 0.71 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on CWST. BidaskClub upgraded shares of Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 10th. ValuEngine upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. UBS started coverage on shares of Casella Waste Systems in a research report on Wednesday, March 14th. They issued a “neutral” rating and a $25.00 price objective on the stock. Zacks Investment Research upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Wednesday, February 14th. Finally, TheStreet upgraded shares of Casella Waste Systems from a “d” rating to a “c” rating in a research report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $25.25.

About Casella Waste Systems

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically-integrated solid waste services company in the northeastern United States. The company operates through Eastern Region, Western Region, Recycling, and Other segments. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers.

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

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