Casella Waste Systems, Inc. $CWST Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 1,278.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 177,222 shares of the industrial products company’s stock after buying an additional 164,363 shares during the period. BNP Paribas Financial Markets’ holdings in Casella Waste Systems were worth $17,357,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CWST. AQR Capital Management LLC grew its holdings in shares of Casella Waste Systems by 57.7% in the 1st quarter. AQR Capital Management LLC now owns 9,283 shares of the industrial products company’s stock worth $1,035,000 after acquiring an additional 3,395 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Casella Waste Systems by 1,601.9% in the 1st quarter. Jones Financial Companies Lllp now owns 5,412 shares of the industrial products company’s stock worth $603,000 after acquiring an additional 5,094 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Casella Waste Systems by 3,226.1% in the 1st quarter. Jane Street Group LLC now owns 69,849 shares of the industrial products company’s stock worth $7,789,000 after acquiring an additional 67,749 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Casella Waste Systems by 301.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 184 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Casella Waste Systems in the 2nd quarter worth $63,000. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Casella Waste Systems Price Performance

CWST opened at $85.90 on Friday. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 780.98 and a beta of 0.77. Casella Waste Systems, Inc. has a 1 year low of $74.05 and a 1 year high of $118.91. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average price of $83.54 and a 200 day moving average price of $92.52.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.10. The firm had revenue of $457.33 million during the quarter, compared to analysts’ expectations 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 earned $0.19 earnings per share. Analysts forecast that Casella Waste Systems, Inc. will post 1.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CWST has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Casella Waste Systems in a research report on Friday, May 22nd. 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. Barclays raised Casella Waste Systems from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $101.00 to $102.00 in a research report on Monday, May 4th. TD Cowen reaffirmed a “buy” rating on shares of Casella Waste Systems in a research report on Friday. Finally, 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. Two research 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 assigned a Sell rating to the company. According to MarketBeat.com, Casella Waste Systems currently has an average rating of “Moderate Buy” and an average target price of $111.13.

Insider Transactions at Casella Waste Systems

In other Casella Waste Systems news, CEO Edmond Coletta sold 12,500 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $89.56, for a total value of $1,119,500.00. Following the completion of the sale, the chief executive officer owned 140,118 shares of the company’s stock, valued at $12,548,968.08. The trade was a 8.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael K. Burke sold 2,305 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $87.56, for a total value of $201,825.80. Following the completion of the sale, the director directly owned 14,048 shares of the company’s stock, valued at $1,230,042.88. This represents a 14.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 19,422 shares of company stock worth $1,729,647 in the last ninety days. Company insiders own 3.78% of the company’s stock.

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.