Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors lifted its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,267 shares of the industrial products company’s stock after buying an additional 156 shares during the period. Captrust Financial Advisors’ holdings in Casella Waste Systems were worth $1,298,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. lifted its stake in shares of Casella Waste Systems by 1,606.7% in the 4th quarter. Mather Group LLC. now owns 256 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 241 shares during the period. Covestor Ltd lifted its position in Casella Waste Systems by 124.4% in the fourth quarter. Covestor Ltd now owns 276 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 153 shares during the period. Quarry LP acquired a new stake in Casella Waste Systems in the fourth quarter valued at about $30,000. Jones Financial Companies Lllp lifted its position in Casella Waste Systems by 156.5% in the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 194 shares during the period. Finally, Huntington National Bank increased its position in Casella Waste Systems by 171.6% during the 4th quarter. Huntington National Bank now owns 364 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 230 shares during the period. Institutional investors and hedge funds own 99.51% of the company’s stock.

Insider Buying and Selling

In other Casella Waste Systems news, President Edmond Coletta sold 5,562 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $119.18, for a total transaction of $662,879.16. Following the sale, the president now owns 150,093 shares in the company, valued at approximately $17,888,083.74. This represents a 3.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Paul Ligon sold 2,000 shares of the business’s stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $118.67, for a total value of $237,340.00. Following the completion of the transaction, the senior vice president now directly owns 20,347 shares of the company’s stock, valued at approximately $2,414,578.49. This trade represents a 8.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CWST. William Blair reissued an “outperform” rating on shares of Casella Waste Systems in a report on Friday, February 14th. Raymond James reissued a “strong-buy” rating on shares of Casella Waste Systems in a report on Wednesday, April 16th. TD Cowen assumed coverage on Casella Waste Systems in a report on Wednesday, April 9th. They issued a “buy” rating and a $130.00 target price for the company. UBS Group upped their price target on shares of Casella Waste Systems from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Finally, Stifel Nicolaus raised their price objective on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Casella Waste Systems has an average rating of “Moderate Buy” and an average target price of $122.67.

Casella Waste Systems Trading Down 2.0%

NASDAQ:CWST opened at $110.02 on Thursday. The company has a market capitalization of $6.97 billion, a PE ratio of 478.35, a price-to-earnings-growth ratio of 3.86 and a beta of 0.89. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. Casella Waste Systems, Inc. has a 52-week low of $91.01 and a 52-week high of $121.24. The stock has a fifty day simple moving average of $112.87 and a 200-day simple moving average of $109.97.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, May 1st. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. The company had revenue of $417.10 million during the quarter, compared to analysts’ expectations of $403.64 million. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 earnings per share. On average, equities research analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Casella Waste Systems Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.