SG Americas Securities LLC Has $2.38 Million Position in Casella Waste Systems, Inc. $CWST

SG Americas Securities LLC boosted its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 103.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 24,268 shares of the industrial products company’s stock after purchasing an additional 12,334 shares during the period. SG Americas Securities LLC’s holdings in Casella Waste Systems were worth $2,377,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. bought a new position in shares of Casella Waste Systems during the 4th quarter valued at $409,000. Wealth Enhancement Advisory Services LLC increased its position in Casella Waste Systems by 3.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 43,041 shares of the industrial products company’s stock worth $4,446,000 after buying an additional 1,425 shares during the last quarter. Harbor Investment Advisory LLC raised its holdings in Casella Waste Systems by 23.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 1,199 shares of the industrial products company’s stock valued at $117,000 after buying an additional 224 shares in the last quarter. Hilltop National Bank lifted its position in shares of Casella Waste Systems by 12.4% in the fourth quarter. Hilltop National Bank now owns 3,362 shares of the industrial products company’s stock worth $329,000 after buying an additional 370 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its stake in shares of Casella Waste Systems by 12.3% during the 4th quarter. Park Avenue Securities LLC now owns 9,051 shares of the industrial products company’s stock worth $886,000 after acquiring an additional 993 shares in the last quarter. 99.51% of the stock is owned by institutional investors.

Insider Activity at Casella Waste Systems

In other Casella Waste Systems news, President Edmond Coletta sold 3,812 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $93.70, for a total value of $357,184.40. Following the completion of the transaction, the president owned 147,091 shares of the company’s stock, valued at $13,782,426.70. This represents a 2.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Kevin Drohan sold 675 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $92.61, for a total value of $62,511.75. Following the completion of the sale, the chief accounting officer owned 7,462 shares of the company’s stock, valued at $691,055.82. This represents a 8.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 15,830 shares of company stock worth $1,454,208 over the last ninety days. Corporate insiders own 3.81% of the company’s stock.

Casella Waste Systems Price Performance

CWST opened at $87.18 on Friday. The business has a 50 day moving average of $93.34 and a 200-day moving average of $94.00. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 726.56 and a beta of 0.84. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72. Casella Waste Systems, Inc. has a 1-year low of $74.05 and a 1-year high of $121.24.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, February 19th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. The business had revenue of $469.06 million for the quarter, compared to analyst estimates of $471.32 million. Casella Waste Systems had a net margin of 0.43% and a return on equity of 5.17%. Casella Waste Systems’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 earnings per share. As a group, sell-side analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CWST. JPMorgan Chase & Co. cut their price objective on Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Barclays lifted their price target on shares of Casella Waste Systems from $95.00 to $101.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. Raymond James Financial reaffirmed a “strong-buy” rating and set a $115.00 price objective on shares of Casella Waste Systems in a report on Monday, February 23rd. Weiss Ratings downgraded shares of Casella Waste Systems from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, February 23rd. Finally, Zacks Research upgraded shares of Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $113.11.

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.