Oregon Public Employees Retirement Fund purchased a new position in Casella Waste Systems, Inc. (NASDAQ:CWST – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,300 shares of the industrial products company’s stock, valued at approximately $1,401,000.
Other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its position in Casella Waste Systems by 301.6% in the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after buying an additional 184 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Casella Waste Systems by 235.3% during the second 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. Smartleaf Asset Management LLC lifted its position in shares of Casella Waste Systems by 180.2% during the third quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 191 shares during the last quarter. First Horizon Corp bought a new stake in shares of Casella Waste Systems during the third quarter worth $31,000. Finally, Optiver Holding B.V. lifted its position in shares of Casella Waste Systems by 280.0% during the third quarter. Optiver Holding B.V. now owns 399 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 294 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on CWST. UBS Group decreased their target price on Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Weiss Ratings downgraded Casella Waste Systems from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, February 23rd. Barclays upgraded Casella Waste Systems from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $101.00 to $102.00 in a research report on Monday, May 4th. Raymond James Financial reiterated a “strong-buy” rating and set a $115.00 target price on shares of Casella Waste Systems in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Casella Waste Systems presently has an average rating of “Moderate Buy” and a consensus target price of $111.13.
Casella Waste Systems Stock Performance
Shares of Casella Waste Systems stock opened at $85.18 on Monday. The firm has a market cap of $5.42 billion, a P/E ratio of 774.43 and a beta of 0.77. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.72. Casella Waste Systems, Inc. has a 12 month low of $74.05 and a 12 month high of $118.91. The stock’s fifty day moving average price is $83.80 and its 200-day moving average price is $92.78.
Casella Waste Systems (NASDAQ:CWST – Get Free Report) last announced 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. The firm had revenue of $457.33 million for the quarter, compared to analyst estimates of $454.49 million. Casella Waste Systems had a return on equity of 5.19% and a net margin of 0.38%.The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 earnings per share. On average, equities research analysts expect that Casella Waste Systems, Inc. will post 1.12 earnings per share for the current fiscal year.
Insider Transactions at Casella Waste Systems
In other news, President Edmond Coletta sold 3,812 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $93.70, for a total transaction of $357,184.40. Following the transaction, the president owned 147,091 shares in the company, valued at approximately $13,782,426.70. This trade represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John W. Casella sold 6,726 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $93.10, for a total value of $626,190.60. Following the transaction, the chief executive officer owned 27,989 shares in the company, valued at approximately $2,605,775.90. This represents a 19.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 15,830 shares of company stock worth $1,454,208. Corporate 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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