WoodTrust Financial Corp Makes New Investment in Casella Waste Systems, Inc. (NASDAQ:CWST)

WoodTrust Financial Corp bought a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,250 shares of the industrial products company's stock, valued at approximately $251,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rhumbline Advisers boosted its holdings in shares of Casella Waste Systems by 2.9% during the fourth quarter. Rhumbline Advisers now owns 86,858 shares of the industrial products company's stock worth $9,190,000 after acquiring an additional 2,454 shares during the period. Principal Securities Inc. increased its stake in shares of Casella Waste Systems by 11.0% during the fourth quarter. Principal Securities Inc. now owns 1,979 shares of the industrial products company's stock worth $209,000 after purchasing an additional 196 shares during the period. New York State Common Retirement Fund lifted its holdings in Casella Waste Systems by 2.2% during the 4th quarter. New York State Common Retirement Fund now owns 50,098 shares of the industrial products company's stock worth $5,301,000 after purchasing an additional 1,100 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Casella Waste Systems by 42.1% in the 4th quarter. Global Retirement Partners LLC now owns 2,810 shares of the industrial products company's stock valued at $297,000 after purchasing an additional 832 shares during the period. Finally, Handelsbanken Fonder AB boosted its stake in Casella Waste Systems by 14.7% in the 4th quarter. Handelsbanken Fonder AB now owns 16,400 shares of the industrial products company's stock valued at $1,735,000 after purchasing an additional 2,100 shares during the period. Institutional investors own 99.51% of the company's stock.

Insider Transactions at Casella Waste Systems

In other Casella Waste Systems news, President Edmond Coletta sold 5,562 shares of Casella Waste Systems 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 transaction, the president now owns 150,093 shares in the company, valued at $17,888,083.74. The trade was a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Paul Ligon sold 2,000 shares of Casella Waste Systems stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $118.67, for a total value of $237,340.00. Following the completion of the transaction, the senior vice president now owns 20,347 shares in the company, valued at approximately $2,414,578.49. This represents a 8.95% decrease in their position. The disclosure for this sale can be found here. 3.81% of the stock is currently owned by insiders.

Casella Waste Systems Price Performance

NASDAQ CWST traded down $1.20 during midday trading on Friday, hitting $115.31. The company had a trading volume of 742,554 shares, compared to its average volume of 392,586. The company has a market capitalization of $7.32 billion, a PE ratio of 524.16, a P/E/G ratio of 4.26 and a beta of 0.86. The company has a current ratio of 1.96, a quick ratio of 1.87 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $116.23 and a 200-day moving average price of $111.81. Casella Waste Systems, Inc. has a twelve month low of $91.01 and a twelve month high of $121.24.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.08. Casella Waste Systems had a net margin of 0.79% and a return on equity of 4.69%. The company had revenue of $417.10 million during the quarter, compared to the consensus estimate of $403.64 million. During the same quarter in the prior year, the firm posted $0.15 EPS. The firm's quarterly revenue was up 22.3% on a year-over-year basis. As a group, analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CWST has been the subject of a number of research reports. TD Cowen started coverage on Casella Waste Systems in a report on Wednesday, April 9th. They set a "buy" rating and a $130.00 target price for the company. Raymond James Financial restated a "strong-buy" rating on shares of Casella Waste Systems in a research note on Wednesday, April 16th. UBS Group boosted their price objective on shares of Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a report on Friday, April 11th. Finally, Cowen reissued a "buy" rating on shares of Casella Waste Systems in a report on Friday, June 6th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $122.67.

Casella Waste Systems 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.