Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,179 shares of the industrial products company’s stock after selling 2,385 shares during the period. Mutual of America Capital Management LLC owned approximately 0.09% of Casella Waste Systems worth $4,459,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Operose Advisors LLC acquired a new position in Casella Waste Systems during the 3rd quarter valued at about $25,000. Headlands Technologies LLC acquired a new position in Casella Waste Systems during the 3rd quarter valued at about $26,000. NBC Securities Inc. acquired a new position in Casella Waste Systems during the 3rd quarter valued at about $26,000. Millburn Ridgefield Corp acquired a new position in Casella Waste Systems during the 3rd quarter valued at about $27,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Casella Waste Systems during the 3rd quarter valued at about $27,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Stock Performance

NASDAQ:CWST opened at $95.64 on Tuesday. Casella Waste Systems, Inc. has a twelve month low of $72.97 and a twelve month high of $100.29. The company has a current ratio of 1.53, a quick ratio of 1.46 and a debt-to-equity ratio of 0.99. The company has a 50-day moving average of $93.63 and a 200-day moving average of $85.83. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 212.54, a price-to-earnings-growth ratio of 6.18 and a beta of 0.90.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Friday, February 16th. The industrial products company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). Casella Waste Systems had a return on equity of 5.81% and a net margin of 2.01%. The firm had revenue of $359.57 million during the quarter, compared to analyst estimates of $360.08 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The business’s quarterly revenue was up 32.1% compared to the same quarter last year. Analysts forecast that Casella Waste Systems, Inc. will post 0.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

CWST has been the topic of several research analyst reports. Wells Fargo & Company raised their target price on shares of Casella Waste Systems from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. StockNews.com raised shares of Casella Waste Systems from a “sell” rating to a “hold” rating in a research note on Friday, February 16th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $99.71.

Insiders Place Their Bets

In other Casella Waste Systems news, President Edmond Coletta sold 8,271 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $90.30, for a total value of $746,871.30. Following the completion of the transaction, the president now directly owns 168,556 shares in the company, valued at $15,220,606.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO John W. Casella sold 1,673 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total transaction of $157,479.49. Following the completion of the sale, the chief executive officer now directly owns 35,189 shares in the company, valued at $3,312,340.57. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Edmond Coletta sold 8,271 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $90.30, for a total transaction of $746,871.30. Following the sale, the president now owns 168,556 shares of the company’s stock, valued at $15,220,606.80. The disclosure for this sale can be found here. Insiders sold a total of 11,238 shares of company stock worth $1,026,395 over the last ninety days. 5.05% of the stock is currently owned by company insiders.

Casella Waste Systems Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.