Segall Bryant & Hamill LLC Sells 9,700 Shares of Casella Waste Systems, Inc. $CWST

Segall Bryant & Hamill LLC reduced its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 2.2% in the first quarter, HoldingsChannel.com reports. The fund owned 426,703 shares of the industrial products company’s stock after selling 9,700 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Casella Waste Systems were worth $33,855,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Argent Capital Management LLC boosted its position in shares of Casella Waste Systems by 1,054.4% during the 1st quarter. Argent Capital Management LLC now owns 73,097 shares of the industrial products company’s stock worth $5,800,000 after purchasing an additional 66,765 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Casella Waste Systems in the 1st quarter valued at about $223,000. Amundi acquired a new position in Casella Waste Systems during the 1st quarter worth approximately $374,000. California State Teachers Retirement System raised its stake in Casella Waste Systems by 26.2% during the 1st quarter. California State Teachers Retirement System now owns 74,027 shares of the industrial products company’s stock worth $5,873,000 after buying an additional 15,380 shares during the period. Finally, Rithm Capital Corp. bought a new position in Casella Waste Systems in the first quarter worth approximately $655,000. 99.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CWST shares. TD Cowen restated a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 5th. Zacks Research upgraded Casella Waste Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Casella Waste Systems in a research report on Friday, May 22nd. Barclays upgraded shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $101.00 to $102.00 in a research note on Monday, May 4th. Finally, UBS Group lowered their price objective on shares of Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Casella Waste Systems has an average rating of “Moderate Buy” and a consensus price target of $110.12.

Insider Transactions at Casella Waste Systems

In other Casella Waste Systems news, Director Michael K. Burke sold 2,305 shares of Casella Waste Systems stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $87.56, for a total transaction of $201,825.80. Following the transaction, 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $1,119,500.00. Following the completion of the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.78% of the company’s stock.

Casella Waste Systems Price Performance

CWST opened at $89.71 on Friday. Casella Waste Systems, Inc. has a 1 year low of $74.05 and a 1 year high of $109.46. 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 has a market capitalization of $5.71 billion, a price-to-earnings ratio of 815.62 and a beta of 0.74. The firm’s fifty day moving average price is $90.67 and its two-hundred day moving average price is $90.94.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, April 30th. The industrial products company reported $0.20 EPS for the quarter, beating 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 company had revenue of $457.33 million during the quarter, compared to the consensus estimate of $454.49 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, analysts anticipate that Casella Waste Systems, Inc. will post 1.06 earnings per share 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.