Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires New Position in Casella Waste Systems, Inc. $CWST

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Casella Waste Systems, Inc. (NASDAQ:CWST) during the 4th quarter, Holdings Channel.com reports. The firm acquired 15,474 shares of the industrial products company’s stock, valued at approximately $1,516,000.

Several other institutional investors also recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its position in shares of Casella Waste Systems by 41.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 337 shares of the industrial products company’s stock worth $33,000 after buying an additional 98 shares during the period. Mackenzie Financial Corp increased its stake in Casella Waste Systems by 3.9% in the third quarter. Mackenzie Financial Corp now owns 3,975 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 149 shares in the last quarter. First Horizon Corp increased its stake in Casella Waste Systems by 48.6% in the fourth quarter. First Horizon Corp now owns 489 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 160 shares in the last quarter. Geneos Wealth Management Inc. increased its stake 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 in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Casella Waste Systems by 180.2% in the third quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 191 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on CWST. JPMorgan Chase & Co. lowered their target price 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. Barclays raised Casella Waste Systems from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $101.00 to $102.00 in a research note on Monday, May 4th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $115.00 price objective on shares of Casella Waste Systems in a research note on Monday, February 23rd. UBS Group dropped their price objective on Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Casella Waste Systems in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $111.13.

Insider Buying and Selling at Casella Waste Systems

In other news, CFO Bradford John Helgeson sold 405 shares of the stock in a transaction dated 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 transaction, the chief financial officer directly owned 7,342 shares in the company, valued at $644,113.66. This represents a 5.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John W. Casella sold 1,744 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $87.77, for a total transaction of $153,070.88. Following the transaction, the director owned 30,795 shares of the company’s stock, valued at approximately $2,702,877.15. This represents a 5.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 19,422 shares of company stock valued at $1,729,647. Corporate insiders own 3.78% of the company’s stock.

Casella Waste Systems Stock Performance

Shares of CWST stock opened at $85.90 on Monday. The company’s fifty day simple moving average is $83.54 and its 200-day simple moving average is $92.55. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.72. The firm has a market cap of $5.46 billion, a PE ratio of 780.98 and a beta of 0.77. Casella Waste Systems, Inc. has a 12 month low of $74.05 and a 12 month high of $118.91.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. The business had revenue of $457.33 million for the quarter, compared to analyst estimates of $454.49 million. Casella Waste Systems had a net margin of 0.38% and a return on equity of 5.19%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 earnings per share. Equities research analysts expect that Casella Waste Systems, Inc. will post 1.12 EPS for the current fiscal year.

Casella Waste Systems Company 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.