Occudo Quantitative Strategies LP Acquires Shares of 8,883 Casella Waste Systems, Inc. (NASDAQ:CWST)

Occudo Quantitative Strategies LP acquired a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 8,883 shares of the industrial products company's stock, valued at approximately $940,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. raised its holdings in shares of Casella Waste Systems by 1,606.7% in the 4th quarter. Mather Group LLC. now owns 256 shares of the industrial products company's stock valued at $27,000 after buying an additional 241 shares during the period. Covestor Ltd increased its stake in shares of Casella Waste Systems by 124.4% during the fourth quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock worth $29,000 after buying an additional 153 shares during the period. Quarry LP purchased a new stake in shares of Casella Waste Systems during the fourth quarter worth approximately $30,000. Jones Financial Companies Lllp increased its stake in shares of Casella Waste Systems by 156.5% during the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company's stock worth $34,000 after buying an additional 194 shares during the period. Finally, Huntington National Bank boosted its position in shares of Casella Waste Systems by 171.6% during the 4th quarter. Huntington National Bank now owns 364 shares of the industrial products company's stock worth $39,000 after acquiring an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 99.51% of the company's stock.

Insider Activity

In other news, SVP Paul Ligon sold 2,000 shares of the company's stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $118.67, for a total value of $237,340.00. Following the completion of the sale, the senior vice president now owns 20,347 shares of the company's stock, valued at $2,414,578.49. This represents a 8.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Edmond Coletta sold 5,562 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $119.18, for a total value of $662,879.16. Following the completion of the sale, the president now directly owns 150,093 shares of the company's stock, valued at $17,888,083.74. The trade was a 3.57% decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.24% of the company's stock.

Casella Waste Systems Price Performance

Casella Waste Systems stock traded up $0.93 during midday trading on Monday, reaching $115.45. The company's stock had a trading volume of 56,469 shares, compared to its average volume of 380,023. Casella Waste Systems, Inc. has a fifty-two week low of $91.01 and a fifty-two week high of $121.24. The firm has a market capitalization of $7.33 billion, a PE ratio of 501.51, a P/E/G ratio of 3.86 and a beta of 0.89. The stock's 50 day simple moving average is $113.11 and its 200 day simple moving average is $110.28. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.08. The firm had revenue of $417.10 million during the quarter, compared to analysts' expectations of $403.64 million. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. The firm's quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. On average, equities research analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. TD Cowen assumed coverage on Casella Waste Systems in a research report on Wednesday, April 9th. They issued a "buy" rating and a $130.00 target price for the company. Stifel Nicolaus upped their target price on Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Jefferies Financial Group lowered shares of Casella Waste Systems from a "buy" rating to a "hold" rating and lowered their target price for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. Finally, UBS Group raised their target price on shares of Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Casella Waste Systems has a consensus rating of "Moderate Buy" and a consensus target price of $122.67.

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.