Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC reduced its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 0.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 972,042 shares of the industrial products company’s stock after selling 1,310 shares during the period. Casella Waste Systems makes up about 1.6% of Geneva Capital Management LLC’s holdings, making the stock its 23rd largest holding. Geneva Capital Management LLC owned about 1.68% of Casella Waste Systems worth $83,071,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Impax Asset Management Group plc purchased a new position in shares of Casella Waste Systems in the 4th quarter valued at about $5,128,000. WCM Investment Management LLC lifted its holdings in shares of Casella Waste Systems by 8.7% in the 4th quarter. WCM Investment Management LLC now owns 227,195 shares of the industrial products company’s stock valued at $19,543,000 after buying an additional 18,216 shares during the period. TimesSquare Capital Management LLC grew its stake in shares of Casella Waste Systems by 18.5% during the 3rd quarter. TimesSquare Capital Management LLC now owns 946,497 shares of the industrial products company’s stock worth $72,218,000 after purchasing an additional 147,805 shares during the period. Jennison Associates LLC grew its position in Casella Waste Systems by 9.0% during the fourth quarter. Jennison Associates LLC now owns 405,230 shares of the industrial products company’s stock worth $34,631,000 after buying an additional 33,528 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Casella Waste Systems during the 3rd quarter valued at approximately $1,705,000. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Casella Waste Systems Trading Up 1.2 %

NASDAQ CWST traded up $1.16 during mid-day trading on Thursday, reaching $96.78. 193,883 shares of the stock were exchanged, compared to its average volume of 284,091. The business’s fifty day simple moving average is $94.58 and its 200 day simple moving average is $87.67. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.50 and a current ratio of 1.58. The stock has a market capitalization of $5.61 billion, a PE ratio of 312.19, a PEG ratio of 5.80 and a beta of 0.92. Casella Waste Systems, Inc. has a 1-year low of $72.97 and a 1-year high of $100.29.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Friday, April 26th. The industrial products company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $341.00 million during the quarter, compared to analyst estimates of $340.70 million. Casella Waste Systems had a return on equity of 4.47% and a net margin of 1.32%. The business’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 earnings per share. On average, research analysts anticipate that Casella Waste Systems, Inc. will post 0.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on CWST. StockNews.com raised Casella Waste Systems from a “sell” rating to a “hold” rating in a research note on Friday, February 16th. Wells Fargo & Company raised their target price on shares of Casella Waste Systems from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Casella Waste Systems currently has a consensus rating of “Buy” and a consensus target price of $101.50.

Insider Buying and Selling

In related news, President Edmond Coletta sold 8,271 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $90.30, for a total transaction of $746,871.30. Following the completion of the sale, the president now owns 168,556 shares of the company’s stock, valued at approximately $15,220,606.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Casella Waste Systems news, President Edmond Coletta sold 8,271 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $90.30, for a total transaction of $746,871.30. Following the transaction, the president now owns 168,556 shares in the company, valued at $15,220,606.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO John W. Casella sold 1,673 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total value of $157,479.49. Following the completion of the sale, the chief executive officer now owns 35,189 shares of the company’s stock, valued at approximately $3,312,340.57. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,238 shares of company stock valued at $1,026,395. Insiders own 4.24% of the company’s stock.

Casella Waste Systems Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the 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.