Segall Bryant & Hamill LLC Has $33.85 Million Stake in Casella Waste Systems, Inc. $CWST

Segall Bryant & Hamill LLC trimmed its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 2.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 426,703 shares of the industrial products company’s stock after selling 9,700 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.67% of Casella Waste Systems worth $33,855,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CWST. Geneos Wealth Management Inc. lifted its position in 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 worth $27,000 after acquiring an additional 184 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Casella Waste Systems in the fourth quarter worth $25,000. Los Angeles Capital Management LLC acquired a new position in shares of Casella Waste Systems in the 4th quarter valued at approximately $27,000. EverSource Wealth Advisors LLC raised its position in Casella Waste Systems by 235.3% during the second quarter. EverSource Wealth Advisors LLC now owns 285 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. Finally, SHP Wealth Management bought a new stake in shares of Casella Waste Systems during the 4th quarter worth $43,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Stock Up 0.2%

Shares of NASDAQ:CWST opened at $89.71 on Friday. The firm has a market cap of $5.71 billion, a P/E ratio of 815.62 and a beta of 0.74. Casella Waste Systems, Inc. has a 12-month low of $74.05 and a 12-month high of $109.46. The business has a fifty day simple moving average of $90.67 and a 200 day simple moving average of $90.94. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.72.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly 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. The firm had revenue of $457.33 million for the quarter, compared to analyst estimates of $454.49 million. Casella Waste Systems had a return on equity of 5.19% and a net margin of 0.38%.The business’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 EPS. Analysts predict that Casella Waste Systems, Inc. will post 1.06 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Michael K. Burke sold 2,305 shares of Casella Waste Systems 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 of the company’s stock, valued at $1,230,042.88. The trade was a 14.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edmond Coletta sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $89.56, for a total value 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 disclosure for this sale is available in the SEC filing. 3.78% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CWST shares. Barclays upgraded shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $101.00 to $102.00 in a report on Monday, May 4th. UBS Group dropped their target price on Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating for the company in a research report on Friday, June 26th. Zacks Research upgraded Casella Waste Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 8th. TD Cowen reiterated a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 5th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Casella Waste Systems in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.