Brown Advisory Inc. Sells 54,400 Shares of Casella Waste Systems, Inc. $CWST

Brown Advisory Inc. lowered its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 7.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 662,629 shares of the industrial products company’s stock after selling 54,400 shares during the period. Brown Advisory Inc.’s holdings in Casella Waste Systems were worth $64,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Casella Waste Systems by 9.7% in the fourth quarter. Vanguard Group Inc. now owns 6,574,893 shares of the industrial products company’s stock worth $643,945,000 after purchasing an additional 581,310 shares during the last quarter. Aberdeen Group plc boosted its stake in Casella Waste Systems by 79.2% during the fourth quarter. Aberdeen Group plc now owns 186,992 shares of the industrial products company’s stock worth $18,314,000 after buying an additional 82,616 shares during the period. Westfield Capital Management Co. LP boosted its stake in Casella Waste Systems by 6.2% during the third quarter. Westfield Capital Management Co. LP now owns 1,647,907 shares of the industrial products company’s stock worth $156,353,000 after buying an additional 95,600 shares during the period. TimesSquare Capital Management LLC boosted its stake in Casella Waste Systems by 21.6% during the third quarter. TimesSquare Capital Management LLC now owns 609,175 shares of the industrial products company’s stock worth $57,799,000 after buying an additional 108,146 shares during the period. Finally, Forge First Asset Management Inc. purchased a new position in Casella Waste Systems during the third quarter worth $15,353,000. Institutional investors own 99.51% of the company’s stock.

Insider Activity at Casella Waste Systems

In related news, Director Michael K. Burke sold 2,305 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $87.56, for a total value of $201,825.80. Following the completion of the transaction, the director directly owned 14,048 shares of the company’s stock, valued at $1,230,042.88. This trade represents a 14.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Edmond Coletta sold 12,500 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.78% of the company’s stock.

Casella Waste Systems Stock Performance

CWST stock opened at $89.37 on Monday. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 812.53 and a beta of 0.77. The firm has a 50-day simple moving average of $84.57 and a two-hundred day simple moving average of $92.39. Casella Waste Systems, Inc. has a one year low of $74.05 and a one year high of $118.91. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.38 and a current ratio of 1.38.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.10 by $0.10. The business had revenue of $457.33 million during 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 company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 earnings per share. On average, equities analysts forecast that Casella Waste Systems, Inc. will post 1.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on CWST. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Casella Waste Systems in a research note on Friday, May 22nd. JPMorgan Chase & Co. decreased their price objective 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. Raymond James Financial restated a “strong-buy” rating and issued a $115.00 price objective on shares of Casella Waste Systems in a report on Monday, February 23rd. Zacks Research downgraded Casella Waste Systems from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Finally, TD Cowen restated a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Casella Waste Systems has a consensus rating of “Moderate Buy” and an average price target of $111.13.

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.