SG Americas Securities LLC Has $2.39 Million Stock Holdings in Casella Waste Systems, Inc. $CWST

SG Americas Securities LLC increased its stake in Casella Waste Systems, Inc. (NASDAQ:CWSTFree Report) by 23.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,079 shares of the industrial products company’s stock after acquiring an additional 5,811 shares during the quarter. SG Americas Securities LLC’s holdings in Casella Waste Systems were worth $2,386,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Casella Waste Systems by 9.7% during the fourth quarter. Vanguard Group Inc. now owns 6,574,893 shares of the industrial products company’s stock worth $643,945,000 after buying an additional 581,310 shares during the last quarter. Aberdeen Group plc boosted its position in Casella Waste Systems by 79.2% during the fourth quarter. Aberdeen Group plc now owns 186,992 shares of the industrial products company’s stock valued at $18,314,000 after acquiring an additional 82,616 shares during the last quarter. Yousif Capital Management LLC acquired a new stake in Casella Waste Systems during the 4th quarter worth about $1,784,000. Comerica Bank grew its holdings in Casella Waste Systems by 11.3% during the 3rd quarter. Comerica Bank now owns 550,557 shares of the industrial products company’s stock worth $52,237,000 after acquiring an additional 55,821 shares during the period. Finally, GW&K Investment Management LLC raised its position in shares of Casella Waste Systems by 20.6% in the 3rd quarter. GW&K Investment Management LLC now owns 226,457 shares of the industrial products company’s stock worth $21,486,000 after acquiring an additional 38,640 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CWST. UBS Group dropped their price objective on Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday, June 26th. Zacks Research downgraded Casella Waste Systems from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Barclays raised Casella Waste Systems from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $101.00 to $102.00 in a research note on Monday, May 4th. TD Cowen reaffirmed a “buy” rating on shares of Casella Waste Systems in a research report on Friday, June 5th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Casella Waste Systems in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.12.

Check Out Our Latest Report on CWST

Casella Waste Systems Price Performance

CWST stock opened at $95.36 on Thursday. Casella Waste Systems, Inc. has a 1 year low of $74.05 and a 1 year high of $114.45. The stock has a market capitalization of $6.07 billion, a PE ratio of 866.99 and a beta of 0.74. The company’s 50-day moving average is $85.98 and its 200-day moving average is $91.78. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.38.

Casella Waste Systems (NASDAQ:CWSTGet Free Report) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.10. Casella Waste Systems had a return on equity of 5.19% and a net margin of 0.38%.The business had revenue of $457.33 million for the quarter, compared to analyst estimates of $454.49 million. During the same quarter in the prior year, the company earned $0.19 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Equities research analysts expect that Casella Waste Systems, Inc. will post 1.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other Casella Waste Systems news, Director Michael K. Burke sold 2,305 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $87.56, for a total transaction of $201,825.80. Following the transaction, the director owned 14,048 shares in the company, valued at approximately $1,230,042.88. This represents a 14.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $1,119,500.00. Following the completion of the transaction, the chief executive officer directly owned 140,118 shares in the company, valued at $12,548,968.08. This trade represents a 8.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.78% of the stock is owned by company insiders.

Casella Waste Systems Company Profile

(Free Report)

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

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