Rockefeller Capital Management L.P. Purchases 18,985 Shares of Casella Waste Systems, Inc. $CWST

Rockefeller Capital Management L.P. raised its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 11.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 188,331 shares of the industrial products company’s stock after buying an additional 18,985 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.30% of Casella Waste Systems worth $18,445,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Hilton Head Capital Partners LLC bought a new position in shares of Casella Waste Systems during the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. grew its holdings 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 worth $27,000 after purchasing an additional 184 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Casella Waste Systems in the fourth quarter worth $27,000. EverSource Wealth Advisors LLC increased its position in shares of Casella Waste Systems by 41.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 337 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 98 shares in the last quarter. Finally, Optiver Holding B.V. lifted its holdings in shares of Casella Waste Systems by 280.0% during the 3rd quarter. Optiver Holding B.V. now owns 399 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 294 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CWST shares. TD Cowen reissued a “buy” rating on shares of Casella Waste Systems in a research report on Friday, June 5th. Barclays upgraded Casella Waste Systems from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $101.00 to $102.00 in a research note on Monday, May 4th. Zacks Research downgraded Casella Waste Systems from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. UBS Group dropped their price target 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, Weiss Ratings restated a “sell (d)” rating on shares of Casella Waste Systems in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $111.12.

Insider Transactions 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 transaction, the director owned 14,048 shares in the company, valued at approximately $1,230,042.88. This represents a 14.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Edmond Coletta sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $89.56, for a total transaction of $1,119,500.00. Following the transaction, the chief executive officer directly owned 140,118 shares of the company’s stock, valued at $12,548,968.08. This represents a 8.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.78% of the company’s stock.

Casella Waste Systems Price Performance

NASDAQ CWST opened at $86.18 on Wednesday. The company has a market cap of $5.48 billion, a price-to-earnings ratio of 783.53 and a beta of 0.77. 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 stock’s fifty day moving average price is $84.55 and its 200 day moving average price is $91.90. Casella Waste Systems, Inc. has a 1 year low of $74.05 and a 1 year high of $118.42.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results 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 company 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 firm’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 EPS. As a group, equities research analysts forecast that Casella Waste Systems, Inc. will post 1.12 earnings per share for the current year.

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.