Casella Waste Systems, Inc. $CWST Shares Bought by Skylands Capital LLC

Skylands Capital LLC grew its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 2,945.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,375 shares of the industrial products company’s stock after buying an additional 8,100 shares during the period. Skylands Capital LLC’s holdings in Casella Waste Systems were worth $664,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CWST. Louisiana State Employees Retirement System acquired a new stake in Casella Waste Systems in the 1st quarter valued at approximately $2,198,000. Hilton Head Capital Partners LLC boosted its position in Casella Waste Systems by 86.5% during the 1st quarter. Hilton Head Capital Partners LLC now owns 468 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 217 shares during the period. Riverbridge Partners LLC bought a new position in shares of Casella Waste Systems in the first quarter worth $13,742,000. SG Americas Securities LLC increased its holdings in shares of Casella Waste Systems by 23.9% during the first quarter. SG Americas Securities LLC now owns 30,079 shares of the industrial products company’s stock valued at $2,386,000 after purchasing an additional 5,811 shares during the period. Finally, Sheets Smith Wealth Management increased its holdings in shares of Casella Waste Systems by 44.5% during the first quarter. Sheets Smith Wealth Management now owns 7,220 shares of the industrial products company’s stock valued at $573,000 after purchasing an additional 2,224 shares during the period. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Casella Waste Systems Stock Up 2.2%

NASDAQ CWST opened at $94.35 on Friday. 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 company’s 50 day simple moving average is $85.11 and its 200 day simple moving average is $91.88. Casella Waste Systems, Inc. has a 12 month low of $74.05 and a 12 month high of $117.00. The company has a market capitalization of $6.00 billion, a P/E ratio of 857.81 and a beta of 0.77.

Casella Waste Systems (NASDAQ:CWST) last issued its 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. The firm had revenue of $457.33 million during the quarter, compared to analysts’ expectations of $454.49 million. Casella Waste Systems had a net margin of 0.38% and a return on equity of 5.19%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share. Equities research analysts expect that Casella Waste Systems, Inc. will post 1.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Edmond Coletta sold 12,500 shares of Casella Waste Systems 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. The trade was a 8.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael K. Burke sold 2,305 shares of the business’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 sale, the director directly owned 14,048 shares in the company, valued at $1,230,042.88. This trade represents a 14.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.78% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CWST. Barclays raised 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. UBS Group reduced their price target on shares of Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating for the company in a research note on Friday. Zacks Research cut shares of Casella Waste Systems from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Casella Waste Systems in a research note on Friday, May 22nd. Finally, TD Cowen reissued a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 5th. One research 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 given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.12.

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.