Casella Waste Systems, Inc. $CWST Shares Bought by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP raised its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,665,226 shares of the industrial products company’s stock after acquiring an additional 17,319 shares during the period. Westfield Capital Management Co. LP’s holdings in Casella Waste Systems were worth $163,092,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Casella Waste Systems by 9.7% in the 4th quarter. Vanguard Group Inc. now owns 6,574,893 shares of the industrial products company’s stock valued at $643,945,000 after purchasing an additional 581,310 shares during the last quarter. Wasatch Advisors LP boosted its holdings in Casella Waste Systems by 8.7% in the 3rd quarter. Wasatch Advisors LP now owns 3,708,528 shares of the industrial products company’s stock valued at $351,865,000 after purchasing an additional 296,405 shares during the last quarter. Capital Research Global Investors boosted its holdings in Casella Waste Systems by 39.3% in the 3rd quarter. Capital Research Global Investors now owns 2,010,818 shares of the industrial products company’s stock valued at $190,786,000 after purchasing an additional 566,887 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in Casella Waste Systems by 0.5% in the 3rd quarter. William Blair Investment Management LLC now owns 1,809,867 shares of the industrial products company’s stock valued at $171,720,000 after purchasing an additional 9,712 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Casella Waste Systems by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,538,803 shares of the industrial products company’s stock valued at $150,733,000 after purchasing an additional 5,510 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Casella Waste Systems

In related news, Director John W. Casella sold 1,744 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $87.77, for a total transaction of $153,070.88. Following the sale, the director directly owned 30,795 shares of the company’s stock, valued at $2,702,877.15. This represents a 5.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael K. Burke sold 2,305 shares of the company’s 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 directly owned 14,048 shares in the company, valued at approximately $1,230,042.88. The trade was a 14.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 19,422 shares of company stock valued at $1,729,647. 3.78% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CWST has been the topic of several recent analyst reports. Raymond James Financial reiterated a “strong-buy” rating and issued a $115.00 target price on shares of Casella Waste Systems in a report on Monday, February 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Casella Waste Systems in a report on Friday, May 22nd. UBS Group decreased their price objective on shares of Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Finally, Barclays upgraded shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $101.00 to $102.00 in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $111.13.

Casella Waste Systems Stock Performance

Shares of CWST stock opened at $83.65 on Friday. The firm’s 50 day moving average price is $83.35 and its 200-day moving average price is $92.57. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.38 and a current ratio of 1.38. Casella Waste Systems, Inc. has a one year low of $74.05 and a one year high of $118.91. The firm has a market cap of $5.32 billion, a P/E ratio of 760.52 and a beta of 0.77.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.20 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $457.33 million for the quarter, compared to analyst estimates of $454.49 million. During the same period in the prior year, the business posted $0.19 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, equities research analysts predict that Casella Waste Systems, Inc. will post 1.12 EPS for the current year.

Casella Waste Systems Company 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.