Casella Waste Systems, Inc. (NASDAQ:CWST) Stock Holdings Increased by New York State Common Retirement Fund

New York State Common Retirement Fund grew its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 0.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 75,799 shares of the industrial products company’s stock after acquiring an additional 635 shares during the quarter. New York State Common Retirement Fund owned about 0.13% of Casella Waste Systems worth $6,478,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CWST. Brown Advisory Inc. lifted its position in Casella Waste Systems by 60.3% in the third quarter. Brown Advisory Inc. now owns 899,105 shares of the industrial products company’s stock worth $68,602,000 after purchasing an additional 338,140 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Casella Waste Systems by 25.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,005 shares of the industrial products company’s stock valued at $916,000 after buying an additional 2,444 shares in the last quarter. BluePath Capital Management LLC acquired a new position in Casella Waste Systems during the third quarter worth about $288,000. Strs Ohio raised its position in Casella Waste Systems by 617.2% in the third quarter. Strs Ohio now owns 45,900 shares of the industrial products company’s stock worth $3,502,000 after acquiring an additional 39,500 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in shares of Casella Waste Systems during the 3rd quarter valued at $457,000. Institutional investors own 99.51% of the company’s stock.

Insider Transactions at Casella Waste Systems

In related news, CEO John W. Casella sold 1,673 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $94.13, for a total value of $157,479.49. Following the transaction, the chief executive officer now owns 35,189 shares in the company, valued at $3,312,340.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Casella Waste Systems news, President Edmond Coletta sold 8,271 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $90.30, for a total value of $746,871.30. Following the completion of the sale, the president now owns 168,556 shares of the company’s stock, valued at $15,220,606.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John W. Casella sold 1,673 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total value of $157,479.49. Following the transaction, the chief executive officer now directly owns 35,189 shares in the company, valued at approximately $3,312,340.57. The disclosure for this sale can be found here. Insiders sold 11,238 shares of company stock valued at $1,026,395 in the last three months. Corporate insiders own 4.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CWST. StockNews.com raised Casella Waste Systems from a “sell” rating to a “hold” rating in a research note on Friday, February 16th. Wells Fargo & Company boosted their price target on shares of Casella Waste Systems from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Casella Waste Systems has a consensus rating of “Buy” and an average price target of $101.50.

Casella Waste Systems Price Performance

Shares of CWST opened at $91.62 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.58 and a quick ratio of 1.46. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 295.55, a P/E/G ratio of 5.70 and a beta of 0.92. The business’s 50-day moving average is $94.34 and its 200-day moving average is $87.15. Casella Waste Systems, Inc. has a fifty-two week low of $72.97 and a fifty-two week high of $100.29.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Friday, April 26th. The industrial products company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $341.00 million for the quarter, compared to analyst estimates of $340.70 million. Casella Waste Systems had a net margin of 1.32% and a return on equity of 4.47%. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 EPS. Equities research analysts expect that Casella Waste Systems, Inc. will post 0.79 EPS for the current fiscal year.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.