California Public Employees Retirement System Has $9.54 Million Holdings in Casella Waste Systems, Inc. $CWST

California Public Employees Retirement System cut its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 23.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,248 shares of the industrial products company’s stock after selling 37,166 shares during the period. California Public Employees Retirement System’s holdings in Casella Waste Systems were worth $9,540,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CWST. Geneos Wealth Management Inc. boosted its holdings in shares of Casella Waste Systems by 301.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 184 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in Casella Waste Systems during the 4th quarter valued at $25,000. Los Angeles Capital Management LLC acquired a new stake in Casella Waste Systems during the 4th quarter valued at $27,000. EverSource Wealth Advisors LLC increased its holdings in Casella Waste Systems by 235.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 285 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. Finally, SHP Wealth Management bought a new position in Casella Waste Systems in the 4th quarter valued at $43,000. 99.51% of the stock is owned by institutional investors.

Insider Buying and Selling at Casella Waste Systems

In other news, CEO Edmond Coletta sold 12,500 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 140,118 shares in the company, valued at $12,548,968.08. This trade represents a 8.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael K. Burke sold 2,305 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $87.56, for a total value of $201,825.80. Following the completion of the transaction, the director owned 14,048 shares in the company, valued at $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 0.7%

Shares of NASDAQ:CWST opened at $89.39 on Friday. Casella Waste Systems, Inc. has a one year low of $74.05 and a one year high of $111.48. The company has a 50 day moving average of $90.40 and a 200-day moving average of $91.31. 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 has a market cap of $5.69 billion, a price-to-earnings ratio of 812.71 and a beta of 0.74.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. Casella Waste Systems had a net margin of 0.38% and a return on equity of 5.19%. The business had revenue of $457.33 million during the quarter, compared to the consensus estimate of $454.49 million. During the same period in the previous year, the firm posted $0.19 earnings per share. Casella Waste Systems’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, sell-side analysts forecast that Casella Waste Systems, Inc. will post 1.06 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on CWST shares. UBS Group reduced their price objective on Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday, June 26th. 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Casella Waste Systems in a report on Friday, May 22nd. TD Cowen reiterated a “buy” rating on shares of Casella Waste Systems in a research report on Friday, June 5th. Finally, Zacks Research raised shares of Casella Waste Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $110.12.

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.