SG Americas Securities LLC Buys 5,811 Shares of Casella Waste Systems, Inc. $CWST

SG Americas Securities LLC increased its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 23.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,079 shares of the industrial products company’s stock after buying an additional 5,811 shares during the quarter. SG Americas Securities LLC’s holdings in Casella Waste Systems were worth $2,386,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CWST. Hilton Head Capital Partners LLC bought a new stake in Casella Waste Systems during the fourth quarter worth $25,000. Geneos Wealth Management Inc. increased its stake in shares of Casella Waste Systems by 301.6% during the 1st 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 bought a new stake in shares of Casella Waste Systems in the 4th quarter valued at about $27,000. EverSource Wealth Advisors LLC lifted its stake in Casella Waste Systems by 41.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 337 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 98 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Casella Waste Systems in the 3rd quarter valued at about $39,000. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. UBS Group lowered their price target on Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. Zacks Research cut Casella Waste Systems from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. Barclays upgraded Casella Waste Systems from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $101.00 to $102.00 in a research note on Monday, May 4th. Weiss Ratings restated a “sell (d)” rating on shares of Casella Waste Systems in a research note on Friday, May 22nd. Finally, TD Cowen reaffirmed a “buy” rating on shares of Casella Waste Systems in a research report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $110.12.

Insider Activity

In other news, CEO Edmond Coletta sold 12,500 shares of the company’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 value of $1,119,500.00. Following the completion of the transaction, the chief executive officer 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. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael K. Burke sold 2,305 shares of Casella Waste Systems stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $87.56, for a total transaction of $201,825.80. Following the sale, the director owned 14,048 shares in the company, valued at approximately $1,230,042.88. This represents a 14.10% 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 Stock Down 1.7%

Shares of NASDAQ:CWST opened at $95.36 on Thursday. Casella Waste Systems, Inc. has a 52-week low of $74.05 and a 52-week high of $114.45. The company has a market capitalization of $6.07 billion, a PE ratio of 866.99 and a beta of 0.74. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.38 and a current ratio of 1.38. The company has a fifty day moving average of $85.98 and a 200-day moving average of $91.78.

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 for the quarter, beating the consensus estimate of $0.10 by $0.10. Casella Waste Systems had a return on equity of 5.19% and a net margin of 0.38%.The company had revenue of $457.33 million for the quarter, compared to the consensus estimate of $454.49 million. During the same quarter last year, the business posted $0.19 EPS. Casella Waste Systems’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities analysts predict that Casella Waste Systems, Inc. will post 1.12 EPS for the current fiscal year.

About Casella Waste Systems

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.