Portolan Capital Management LLC Has $8.09 Million Position in Casella Waste Systems Inc. (CWST)

Portolan Capital Management LLC lowered its holdings in Casella Waste Systems Inc. (NASDAQ:CWST) by 35.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 283,816 shares of the industrial products company’s stock after selling 158,208 shares during the period. Portolan Capital Management LLC’s holdings in Casella Waste Systems were worth $8,086,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Casella Waste Systems by 9.9% in the 4th quarter. Geode Capital Management LLC now owns 460,255 shares of the industrial products company’s stock worth $13,112,000 after purchasing an additional 41,586 shares in the last quarter. United Services Automobile Association increased its holdings in Casella Waste Systems by 2.2% in the 4th quarter. United Services Automobile Association now owns 154,286 shares of the industrial products company’s stock valued at $4,396,000 after buying an additional 3,366 shares during the period. Van ECK Associates Corp increased its holdings in Casella Waste Systems by 5.5% in the 4th quarter. Van ECK Associates Corp now owns 29,400 shares of the industrial products company’s stock valued at $838,000 after buying an additional 1,543 shares during the period. GSA Capital Partners LLP increased its holdings in Casella Waste Systems by 76.8% in the 4th quarter. GSA Capital Partners LLP now owns 11,387 shares of the industrial products company’s stock valued at $324,000 after buying an additional 4,947 shares during the period. Finally, Citigroup Inc. increased its holdings in Casella Waste Systems by 7.8% in the 4th quarter. Citigroup Inc. now owns 14,497 shares of the industrial products company’s stock valued at $413,000 after buying an additional 1,045 shares during the period. 85.61% of the stock is owned by institutional investors and hedge funds.

In related news, VP Christopher Heald sold 6,925 shares of Casella Waste Systems stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $34.60, for a total transaction of $239,605.00. Following the sale, the vice president now directly owns 107,090 shares of the company’s stock, valued at approximately $3,705,314. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel David L. Schmitt sold 6,906 shares of Casella Waste Systems stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $34.60, for a total transaction of $238,947.60. Following the sale, the general counsel now directly owns 63,612 shares in the company, valued at $2,200,975.20. The disclosure for this sale can be found here. Insiders have sold a total of 389,855 shares of company stock worth $13,557,234 over the last ninety days. 10.64% of the stock is currently owned by insiders.

Shares of Casella Waste Systems stock opened at $34.49 on Tuesday. The company has a market cap of $1.45 billion, a P/E ratio of 56.54 and a beta of 0.90. Casella Waste Systems Inc. has a 1 year low of $23.01 and a 1 year high of $36.00.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Thursday, February 21st. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). The company had revenue of $174.72 million for the quarter, compared to the consensus estimate of $172.12 million. Casella Waste Systems had a net margin of 0.97% and a negative return on equity of 103.42%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the firm posted $0.11 earnings per share. On average, research analysts anticipate that Casella Waste Systems Inc. will post 0.8 earnings per share for the current fiscal year.

Several equities analysts have commented on the stock. ValuEngine raised shares of Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 28th. BidaskClub raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Thursday, February 14th. Stifel Nicolaus lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating and set a $35.00 target price on the stock. in a report on Friday, February 22nd. Zacks Investment Research lowered shares of Casella Waste Systems from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Finally, KeyCorp assumed coverage on shares of Casella Waste Systems in a report on Monday, February 4th. They issued a “sector weight” rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $32.75.

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About Casella Waste Systems

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically-integrated solid waste services company in the northeastern United States. The company operates through Eastern Region, Western Region, Recycling, and Other segments. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers.

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Institutional Ownership by Quarter for Casella Waste Systems (NASDAQ:CWST)

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