Granite Investment Partners LLC Has $12.98 Million Stock Position in Casella Waste Systems, Inc. $CWST

Granite Investment Partners LLC cut its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 5.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 163,583 shares of the industrial products company’s stock after selling 9,038 shares during the period. Granite Investment Partners LLC owned 0.26% of Casella Waste Systems worth $12,979,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hilton Head Capital Partners LLC bought a new position in Casella Waste Systems during the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. boosted its stake in shares of Casella Waste Systems by 301.6% in the 1st 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 during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Casella Waste Systems during the fourth quarter worth $27,000. EverSource Wealth Advisors LLC increased 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 worth $33,000 after buying an additional 98 shares during the period. Finally, SHP Wealth Management bought a new position in Casella Waste Systems during the fourth quarter worth $43,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Analysts Set New Price Targets

CWST has been the topic of several recent analyst reports. TD Cowen restated a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 5th. Barclays upgraded Casella Waste Systems from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $101.00 to $102.00 in a report on Monday, May 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Casella Waste Systems in a research report on Friday, May 22nd. Zacks Research downgraded Casella Waste Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Finally, UBS Group cut their target price on Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.12.

Insider Buying and Selling

In other news, CEO Edmond Coletta sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $89.56, for a total transaction of $1,119,500.00. Following the completion of the sale, the chief executive officer owned 140,118 shares in the company, valued at $12,548,968.08. The trade was a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 value of $201,825.80. Following the transaction, the director directly owned 14,048 shares in the company, valued at $1,230,042.88. The trade was a 14.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.78% of the company’s stock.

Casella Waste Systems Price Performance

CWST stock opened at $98.88 on Thursday. 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 moving average is $87.77 and its 200-day moving average is $91.71. The stock has a market capitalization of $6.29 billion, a PE ratio of 898.99 and a beta of 0.74. Casella Waste Systems, Inc. has a 1 year low of $74.05 and a 1 year high of $113.54.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Thursday, April 30th. The industrial products company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.10. Casella Waste Systems had a return on equity of 5.19% and a net margin of 0.38%.The business had revenue of $457.33 million during the quarter, compared to analyst estimates of $454.49 million. During the same period in the previous year, the company posted $0.19 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. Equities research analysts expect that Casella Waste Systems, Inc. will post 1.12 EPS for the current fiscal year.

Casella Waste Systems 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.