Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. grew its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 28.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 288,424 shares of the industrial products company's stock after purchasing an additional 64,704 shares during the quarter. Bessemer Group Inc. owned approximately 0.46% of Casella Waste Systems worth $32,162,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CWST. Sheets Smith Wealth Management increased its holdings in shares of Casella Waste Systems by 3.9% in the first quarter. Sheets Smith Wealth Management now owns 2,767 shares of the industrial products company's stock worth $309,000 after purchasing an additional 103 shares during the last quarter. Signaturefd LLC grew its holdings in Casella Waste Systems by 16.4% during the 4th quarter. Signaturefd LLC now owns 802 shares of the industrial products company's stock valued at $85,000 after buying an additional 113 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in Casella Waste Systems by 2.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,388 shares of the industrial products company's stock worth $676,000 after acquiring an additional 134 shares during the last quarter. Mackenzie Financial Corp increased its stake in Casella Waste Systems by 4.3% in the 4th quarter. Mackenzie Financial Corp now owns 3,516 shares of the industrial products company's stock worth $372,000 after acquiring an additional 146 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Casella Waste Systems by 124.4% during the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock worth $29,000 after acquiring an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 99.51% of the company's stock.

Casella Waste Systems Stock Up 1.8%

CWST stock traded up $2.09 during trading on Thursday, hitting $116.51. 423,777 shares of the company's stock traded hands, compared to its average volume of 390,353. The firm has a market capitalization of $7.39 billion, a P/E ratio of 529.61, a PEG ratio of 4.30 and a beta of 0.86. Casella Waste Systems, Inc. has a 1 year low of $91.01 and a 1 year high of $121.24. The company has a quick ratio of 1.87, a current ratio of 1.96 and a debt-to-equity ratio of 0.72. The business has a fifty day simple moving average of $116.32 and a two-hundred day simple moving average of $111.72.

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

Insider Buying and Selling at Casella Waste Systems

In other news, SVP Paul Ligon sold 2,000 shares of the company's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $118.67, for a total transaction of $237,340.00. Following the transaction, the senior vice president now owns 20,347 shares in the company, valued at $2,414,578.49. This represents a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Edmond Coletta sold 5,562 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $119.18, for a total transaction of $662,879.16. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 3.81% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on CWST shares. TD Cowen initiated coverage on shares of Casella Waste Systems in a report on Wednesday, April 9th. They issued a "buy" rating and a $130.00 target price for the company. Raymond James Financial reissued a "strong-buy" rating on shares of Casella Waste Systems in a research note on Wednesday, April 16th. UBS Group boosted their target price on shares of Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Finally, Cowen reaffirmed 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 assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus 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.