Casella Waste Systems, Inc. $CWST Shares Sold by Capital International Inc. CA

Capital International Inc. CA reduced its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 24.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,984 shares of the industrial products company’s stock after selling 11,346 shares during the period. Capital International Inc. CA owned approximately 0.06% of Casella Waste Systems worth $3,426,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CWST. Pictet Asset Management Holding SA increased its holdings in Casella Waste Systems by 10,865.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 990,651 shares of the industrial products company’s stock valued at $97,040,000 after purchasing an additional 981,617 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Casella Waste Systems by 1,106.7% in the 2nd quarter. Alliancebernstein L.P. now owns 867,285 shares of the industrial products company’s stock valued at $100,067,000 after purchasing an additional 795,414 shares in the last quarter. UBS Group AG increased its holdings in Casella Waste Systems by 653.2% in the 4th quarter. UBS Group AG now owns 841,897 shares of the industrial products company’s stock valued at $82,455,000 after purchasing an additional 730,128 shares in the last quarter. Vanguard Group Inc. increased its holdings in Casella Waste Systems by 9.7% in the 4th quarter. Vanguard Group Inc. now owns 6,574,893 shares of the industrial products company’s stock valued at $643,945,000 after purchasing an additional 581,310 shares in the last quarter. Finally, Capital Research Global Investors increased its holdings in Casella Waste Systems by 39.3% in the 3rd quarter. Capital Research Global Investors now owns 2,010,818 shares of the industrial products company’s stock valued at $190,786,000 after purchasing an additional 566,887 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Casella Waste Systems Stock Down 1.5%

Shares of Casella Waste Systems stock opened at $84.58 on Tuesday. The business has a 50-day moving average of $83.70 and a 200-day moving average of $92.50. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market capitalization of $5.38 billion, a PE ratio of 768.98 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.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, April 30th. The industrial products company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.10. The company had revenue of $457.33 million during the quarter, compared to the consensus estimate of $454.49 million. Casella Waste Systems had a return on equity of 5.19% and a net margin of 0.38%.The company’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm earned $0.19 earnings per share. As a group, equities analysts forecast that Casella Waste Systems, Inc. will post 1.12 EPS for the current fiscal year.

Insider Activity at Casella Waste Systems

In other news, CEO Edmond Coletta sold 12,500 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $89.56, for a total transaction of $1,119,500.00. Following the transaction, the chief executive officer owned 140,118 shares of the company’s stock, valued at approximately $12,548,968.08. This trade represents a 8.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael K. Burke sold 2,305 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $87.56, for a total transaction of $201,825.80. Following the transaction, the director directly owned 14,048 shares in the company, valued at $1,230,042.88. The trade was a 14.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 19,422 shares of company stock worth $1,729,647. 3.78% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CWST. JPMorgan Chase & Co. lowered their price target on Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Casella Waste Systems in a research note on Friday, May 22nd. Barclays upgraded Casella Waste Systems from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $101.00 to $102.00 in a research note on Monday, May 4th. UBS Group lowered their target price on Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Finally, TD Cowen restated a “buy” rating on shares of Casella Waste Systems in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $111.13.

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.