Blair William & Co. IL Boosts Holdings in Casella Waste Systems, Inc. $CWST

Blair William & Co. IL raised its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 54.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 267,978 shares of the industrial products company’s stock after buying an additional 94,453 shares during the quarter. Blair William & Co. IL owned about 0.42% of Casella Waste Systems worth $25,426,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of CWST. AQR Capital Management LLC boosted its holdings in shares of Casella Waste Systems by 57.7% in the first quarter. AQR Capital Management LLC now owns 9,283 shares of the industrial products company’s stock valued at $1,035,000 after acquiring an additional 3,395 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Casella Waste Systems by 1,601.9% during the first quarter. Jones Financial Companies Lllp now owns 5,412 shares of the industrial products company’s stock worth $603,000 after purchasing an additional 5,094 shares in the last quarter. Jane Street Group LLC raised its holdings in Casella Waste Systems by 3,226.1% during the first quarter. Jane Street Group LLC now owns 69,849 shares of the industrial products company’s stock worth $7,789,000 after purchasing an additional 67,749 shares in the last quarter. 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 valued at $27,000 after purchasing an additional 184 shares during the period. Finally, AlphaQuest LLC purchased a new stake in Casella Waste Systems in the 2nd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Price Performance

Shares of NASDAQ:CWST opened at $94.03 on Friday. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 783.65 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. The business’s 50 day simple moving average is $100.72 and its 200-day simple moving average is $95.75. Casella Waste Systems, Inc. has a 12 month low of $82.22 and a 12 month high of $121.24.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Thursday, February 19th. The industrial products company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.08. The firm had revenue of $469.06 million during the quarter, compared to the consensus estimate of $471.32 million. Casella Waste Systems had a return on equity of 5.17% and a net margin of 0.43%.Casella Waste Systems’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the business posted $0.41 EPS. As a group, equities analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CWST shares. Weiss Ratings cut Casella Waste Systems from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, February 23rd. Raymond James Financial restated a “strong-buy” rating and issued a $115.00 price target on shares of Casella Waste Systems in a research note on Monday, February 23rd. JPMorgan Chase & Co. dropped their price objective on Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Barclays increased their price objective on Casella Waste Systems from $95.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Finally, Jefferies Financial Group set a $120.00 target price on Casella Waste Systems and gave the company a “buy” rating in a report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $114.22.

Insider Buying and Selling at Casella Waste Systems

In other news, CEO John W. Casella sold 6,726 shares of Casella Waste Systems stock in a transaction on Friday, February 27th. The stock was sold at an average price of $93.10, for a total transaction of $626,190.60. Following the completion of the transaction, the chief executive officer owned 27,989 shares of the company’s stock, valued at $2,605,775.90. The trade was a 19.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Edmond Coletta sold 3,812 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $93.70, for a total transaction of $357,184.40. Following the completion of the sale, the president owned 147,091 shares in the company, valued at $13,782,426.70. This represents a 2.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 11,213 shares of company stock valued at $1,045,887. Insiders own 3.81% 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.