Sei Investments Co. reduced its position in Casella Waste Systems, Inc. (NASDAQ:CWST – Free Report) by 5.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 525,062 shares of the industrial products company’s stock after selling 33,103 shares during the period. Sei Investments Co.’s holdings in Casella Waste Systems were worth $41,660,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in CWST. Geneos Wealth Management Inc. lifted its stake in shares of Casella Waste Systems by 301.6% during the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 184 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in Casella Waste Systems in the fourth quarter worth about $25,000. Los Angeles Capital Management LLC acquired a new stake in Casella Waste Systems in the fourth quarter worth about $27,000. EverSource Wealth Advisors LLC raised its holdings in Casella Waste Systems by 235.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 285 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 200 shares during the last quarter. Finally, SHP Wealth Management bought a new stake in Casella Waste Systems during the 4th quarter worth about $43,000. Institutional investors own 99.51% of the company’s stock.
Casella Waste Systems Stock Performance
Shares of CWST stock opened at $89.39 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $5.69 billion, a P/E ratio of 812.71 and a beta of 0.74. The company’s 50 day moving average price is $90.40 and its two-hundred day moving average price is $91.25. Casella Waste Systems, Inc. has a 52 week low of $74.05 and a 52 week high of $111.48.
Wall Street Analyst Weigh In
A number of research firms have issued reports on CWST. Weiss Ratings restated a “sell (d)” rating on shares of Casella Waste Systems in a research report on Friday, May 22nd. Barclays upgraded shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $101.00 to $102.00 in a research report on Monday, May 4th. UBS Group dropped their price target on shares of Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating for the company in a research note on Friday, June 26th. TD Cowen restated a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 5th. Finally, Zacks Research raised shares of Casella Waste Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $110.12.
Read Our Latest Stock Analysis on Casella Waste Systems
Insiders Place Their Bets
In related news, Director Michael K. Burke sold 2,305 shares of the business’s stock in a transaction 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 sale, the director directly owned 14,048 shares of the company’s stock, valued at approximately $1,230,042.88. The trade was a 14.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Edmond Coletta sold 12,500 shares of the business’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 sale, the chief executive officer directly owned 140,118 shares in the company, valued at $12,548,968.08. This represents a 8.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 3.78% of the company’s stock.
About Casella Waste Systems
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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