Kennedy Capital Management LLC decreased its stake in Casella Waste Systems, Inc. (NASDAQ:CWST – Free Report) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 197,970 shares of the industrial products company’s stock after selling 7,599 shares during the period. Kennedy Capital Management LLC owned about 0.31% of Casella Waste Systems worth $19,389,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Congruence Capital LLC bought a new position in Casella Waste Systems in the 4th quarter valued at approximately $16,766,000. DE Burlo Group Inc. lifted its stake in Casella Waste Systems by 40.9% in the 4th quarter. DE Burlo Group Inc. now owns 3,100 shares of the industrial products company’s stock valued at $304,000 after purchasing an additional 900 shares during the last quarter. Barclays PLC raised its holdings in Casella Waste Systems by 9.3% in the 4th quarter. Barclays PLC now owns 98,821 shares of the industrial products company’s stock valued at $9,679,000 after buying an additional 8,407 shares during the last quarter. Brant Point Investment Management LLC raised its holdings in Casella Waste Systems by 98.2% in the 4th quarter. Brant Point Investment Management LLC now owns 53,680 shares of the industrial products company’s stock valued at $5,257,000 after buying an additional 26,600 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Casella Waste Systems during the 4th quarter worth approximately $110,000. Institutional investors own 99.51% of the company’s stock.
Insider Buying and Selling at Casella Waste Systems
In other Casella Waste Systems news, CEO Edmond Coletta sold 12,500 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $89.56, for a total value of $1,119,500.00. Following the transaction, the chief executive officer directly owned 140,118 shares of the company’s stock, valued at approximately $12,548,968.08. This trade represents a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John W. Casella sold 1,744 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $87.77, for a total transaction of $153,070.88. Following the completion of the transaction, the director directly owned 30,795 shares in the company, valued at $2,702,877.15. This trade represents a 5.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 18,027 shares of company stock valued at $1,604,141 over the last ninety days. 3.78% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
View Our Latest Analysis on Casella Waste Systems
Casella Waste Systems Trading Down 0.4%
NASDAQ:CWST opened at $89.37 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 812.53 and a beta of 0.77. The firm has a fifty day simple moving average of $84.57 and a two-hundred day simple moving average of $92.40. Casella Waste Systems, Inc. has a 12 month low of $74.05 and a 12 month high of $118.91.
Casella Waste Systems (NASDAQ:CWST – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. The business had revenue of $457.33 million during the quarter, compared to analysts’ expectations of $454.49 million. Casella Waste Systems had a net margin of 0.38% and a return on equity of 5.19%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the company posted $0.19 earnings per share. Analysts expect that Casella Waste Systems, Inc. will post 1.12 EPS for the current fiscal year.
Casella Waste Systems Profile
Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.
Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.
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