Skylands Capital LLC raised its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST – Free Report) by 2,945.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,375 shares of the industrial products company’s stock after acquiring an additional 8,100 shares during the quarter. Skylands Capital LLC’s holdings in Casella Waste Systems were worth $664,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CWST. EverSource Wealth Advisors LLC lifted its holdings in shares of Casella Waste Systems by 41.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 337 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 98 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of Casella Waste Systems by 3.9% during the 3rd quarter. Mackenzie Financial Corp now owns 3,975 shares of the industrial products company’s stock worth $377,000 after purchasing an additional 149 shares in the last quarter. First Horizon Corp raised its position in shares of Casella Waste Systems by 48.6% during the 4th quarter. First Horizon Corp now owns 489 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 160 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Casella Waste Systems by 301.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 184 shares during the last quarter. Finally, Comprehensive Financial Planning Inc. PA lifted its stake in Casella Waste Systems by 66.7% in the 3rd quarter. Comprehensive Financial Planning Inc. PA now owns 500 shares of the industrial products company’s stock valued at $47,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.
Wall Street Analyst Weigh In
CWST has been the topic of a number of analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Casella Waste Systems in a research report on Friday, May 22nd. UBS Group reduced their price objective on Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating on the stock in a research report on Friday. Zacks Research lowered Casella Waste Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Barclays upgraded Casella Waste Systems from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $101.00 to $102.00 in a research report on Monday, May 4th. Finally, TD Cowen restated a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.12.
Casella Waste Systems Price Performance
Shares of NASDAQ CWST opened at $94.35 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 company has a market capitalization of $6.00 billion, a price-to-earnings ratio of 857.81 and a beta of 0.77. Casella Waste Systems, Inc. has a twelve month low of $74.05 and a twelve month high of $117.00. The business has a 50 day simple moving average of $85.11 and a 200-day simple moving average of $91.88.
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, beating the consensus estimate of $0.10 by $0.10. Casella Waste Systems had a net margin of 0.38% and a return on equity of 5.19%. The business had revenue of $457.33 million during the quarter, compared to analyst estimates of $454.49 million. During the same period in the previous year, the business posted $0.19 EPS. The company’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, equities research analysts expect that Casella Waste Systems, Inc. will post 1.12 earnings per share for the current year.
Insider Buying and Selling
In related news, CEO Edmond Coletta sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $89.56, for a total value of $1,119,500.00. Following the sale, the chief executive officer 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael K. Burke sold 2,305 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $87.56, for a total value of $201,825.80. Following the transaction, the director owned 14,048 shares of the company’s stock, valued at $1,230,042.88. This represents a 14.10% decrease in their position. The SEC filing for this sale provides additional information. 3.78% of the stock is currently owned by corporate insiders.
Casella Waste Systems Company 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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