Tidal Investments LLC Makes New Investment in Casella Waste Systems, Inc. (NASDAQ:CWST)

Tidal Investments LLC bought a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) during the fourth quarter, Holdings Channel reports. The institutional investor bought 115,046 shares of the industrial products company’s stock, valued at approximately $12,173,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Barclays PLC grew its position in shares of Casella Waste Systems by 29.0% during the third quarter. Barclays PLC now owns 131,906 shares of the industrial products company’s stock worth $13,122,000 after acquiring an additional 29,686 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of Casella Waste Systems by 17.1% during the fourth quarter. Park Avenue Securities LLC now owns 7,095 shares of the industrial products company’s stock worth $751,000 after acquiring an additional 1,034 shares during the last quarter. Harbor Investment Advisory LLC grew its position in shares of Casella Waste Systems by 30.2% during the fourth quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 185 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Casella Waste Systems by 69.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the industrial products company’s stock worth $158,000 after acquiring an additional 611 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Casella Waste Systems by 115.5% during the fourth quarter. SG Americas Securities LLC now owns 19,860 shares of the industrial products company’s stock worth $2,101,000 after acquiring an additional 10,646 shares during the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, President Edmond Coletta sold 5,562 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $119.18, for a total transaction of $662,879.16. Following the sale, the president now owns 150,093 shares in the company, valued at $17,888,083.74. The trade was a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Paul Ligon sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $118.67, for a total transaction of $237,340.00. Following the sale, the senior vice president now owns 20,347 shares in the company, valued at $2,414,578.49. This represents a 8.95% decrease in their position. The disclosure for this sale can be found here. Insiders own 4.24% of the company’s stock.

Casella Waste Systems Stock Performance

Shares of CWST opened at $114.52 on Monday. The firm has a 50-day moving average price of $113.11 and a 200 day moving average price of $110.28. The firm has a market capitalization of $7.27 billion, a PE ratio of 497.91, a P/E/G ratio of 3.86 and a beta of 0.89. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. Casella Waste Systems, Inc. has a 52-week low of $91.01 and a 52-week high of $121.24.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.08. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. The company had revenue of $417.10 million during the quarter, compared to analyst estimates of $403.64 million. During the same quarter last year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, sell-side analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on CWST. UBS Group upped their price target on shares of Casella Waste Systems from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. Raymond James restated a “strong-buy” rating on shares of Casella Waste Systems in a research report on Wednesday, April 16th. TD Cowen began coverage on shares of Casella Waste Systems in a research report on Wednesday, April 9th. They set a “buy” rating and a $130.00 price target for the company. William Blair restated an “outperform” rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Finally, Jefferies Financial Group lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating and lowered their price target for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Casella Waste Systems has a consensus rating of “Moderate Buy” and a consensus price target of $122.67.

About Casella Waste Systems

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.