Natixis Advisors LLC raised its position in Casella Waste Systems, Inc. (NASDAQ:CWST – Free Report) by 18.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,454 shares of the industrial products company’s stock after purchasing an additional 8,161 shares during the period. Natixis Advisors LLC’s holdings in Casella Waste Systems were worth $5,039,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CWST. Pictet Asset Management Holding SA lifted its holdings in Casella Waste Systems by 10,865.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 990,651 shares of the industrial products company’s stock valued at $97,040,000 after purchasing an additional 981,617 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Casella Waste Systems by 1,106.7% in the 2nd quarter. Alliancebernstein L.P. now owns 867,285 shares of the industrial products company’s stock valued at $100,067,000 after purchasing an additional 795,414 shares in the last quarter. UBS Group AG lifted its holdings in Casella Waste Systems by 653.2% in the 4th quarter. UBS Group AG now owns 841,897 shares of the industrial products company’s stock valued at $82,455,000 after purchasing an additional 730,128 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Casella Waste Systems by 9.7% in the 4th quarter. Vanguard Group Inc. now owns 6,574,893 shares of the industrial products company’s stock valued at $643,945,000 after purchasing an additional 581,310 shares in the last quarter. Finally, Capital Research Global Investors lifted its holdings in Casella Waste Systems by 39.3% in the 3rd quarter. Capital Research Global Investors now owns 2,010,818 shares of the industrial products company’s stock valued at $190,786,000 after purchasing an additional 566,887 shares in the last quarter. 99.51% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Casella Waste Systems in a report on Friday, May 22nd. UBS Group reduced their target price on shares of Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. TD Cowen reaffirmed a “buy” rating on shares of Casella Waste Systems in a research note on Friday. JPMorgan Chase & Co. dropped their price objective on shares of Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. Finally, Barclays raised shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $101.00 to $102.00 in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Casella Waste Systems presently has a consensus rating of “Moderate Buy” and an average target price of $111.13.
Insider Activity at Casella Waste Systems
In related news, CFO Bradford John Helgeson sold 405 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $87.73, for a total transaction of $35,530.65. Following the completion of the sale, the chief financial officer owned 7,342 shares of the company’s stock, valued at approximately $644,113.66. This represents a 5.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edmond Coletta sold 12,500 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $89.56, for a total transaction of $1,119,500.00. Following the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 19,422 shares of company stock worth $1,729,647. 3.78% of the stock is owned by insiders.
Casella Waste Systems Trading Down 1.5%
NASDAQ CWST opened at $84.58 on Tuesday. Casella Waste Systems, Inc. has a 12 month low of $74.05 and a 12 month high of $118.91. The company has a 50-day moving average of $83.70 and a 200-day moving average of $92.50. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market cap of $5.38 billion, a P/E ratio of 768.98 and a beta of 0.77.
Casella Waste Systems (NASDAQ:CWST – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $457.33 million during the quarter, compared to the consensus estimate of $454.49 million. During the same quarter in the prior year, the company posted $0.19 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, equities analysts predict that Casella Waste Systems, Inc. will post 1.12 earnings per share for the current 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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