Kennedy Capital Management LLC Sells 7,599 Shares of Casella Waste Systems, Inc. $CWST

Kennedy Capital Management LLC trimmed its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 197,970 shares of the industrial products company’s stock after selling 7,599 shares during the period. Kennedy Capital Management LLC’s holdings in Casella Waste Systems were worth $19,389,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Hilton Head Capital Partners LLC bought a new position in shares of Casella Waste Systems in the fourth quarter valued at $25,000. Smartleaf Asset Management LLC lifted its position in shares of Casella Waste Systems by 180.2% during the third quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 191 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Casella Waste Systems by 301.6% during the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 184 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Casella Waste Systems during the fourth quarter valued at about $27,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Casella Waste Systems by 41.0% during the fourth 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 in the last quarter. 99.51% of the stock is owned by institutional investors.

Insider Activity at Casella Waste Systems

In related news, CFO Bradford John Helgeson sold 405 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $87.73, for a total transaction of $35,530.65. Following the completion of the sale, the chief financial officer owned 7,342 shares in the company, valued at approximately $644,113.66. This trade represents a 5.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael K. Burke sold 2,305 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,230,042.88. This trade represents a 14.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 18,027 shares of company stock worth $1,604,141. 3.78% of the stock is currently owned by corporate insiders.

Casella Waste Systems Stock Performance

NASDAQ CWST opened at $89.37 on Friday. Casella Waste Systems, Inc. has a 52-week low of $74.05 and a 52-week high of $118.91. The company has a 50-day simple moving average of $84.57 and a 200 day simple moving average of $92.40. 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 market capitalization of $5.68 billion, a PE ratio of 812.53 and a beta of 0.77.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.20 earnings per share (EPS) 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 quarter last year, the company posted $0.19 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, research analysts predict that Casella Waste Systems, Inc. will post 1.12 EPS for the current year.

Wall Street Analysts Forecast Growth

CWST has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. TD Cowen reissued a “buy” rating on shares of Casella Waste Systems in a research report on Friday, June 5th. Zacks Research lowered shares of Casella Waste Systems from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. Barclays raised shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $101.00 to $102.00 in a research report on Monday, May 4th. Finally, UBS Group dropped their price target on shares of Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $111.13.

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.