Bessemer Group Inc. Boosts Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Bessemer Group Inc. boosted its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 28.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 288,424 shares of the industrial products company's stock after buying an additional 64,704 shares during the quarter. Bessemer Group Inc. owned 0.46% of Casella Waste Systems worth $32,162,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CWST. Covestor Ltd grew its position in 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 acquired a new position in Casella Waste Systems during the fourth quarter worth about $30,000. NBC Securities Inc. acquired a new stake in shares of Casella Waste Systems in the first quarter valued at approximately $31,000. Jones Financial Companies Lllp grew its position in shares of Casella Waste Systems by 156.5% in the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 194 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Casella Waste Systems in the first quarter valued at approximately $34,000. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Casella Waste Systems Trading Down 1.0%

CWST traded down $1.20 during trading on Friday, hitting $115.31. The company's stock had a trading volume of 742,554 shares, compared to its average volume of 391,225. Casella Waste Systems, Inc. has a twelve month low of $91.01 and a twelve month high of $121.24. The stock has a market cap of $7.32 billion, a PE ratio of 524.16, a PEG ratio of 4.22 and a beta of 0.86. The firm's 50 day moving average price is $116.23 and its 200-day moving average price is $111.85. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.96 and a quick ratio of 1.87.

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 return on equity of 4.69% and a net margin of 0.79%. The company had revenue of $417.10 million for the quarter, compared to analyst estimates of $403.64 million. During the same quarter in the prior year, the company posted $0.15 EPS. The business's revenue for the quarter was up 22.3% compared to the same quarter last year. On average, analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on CWST shares. Raymond James Financial reiterated a "strong-buy" rating on shares of Casella Waste Systems in a research report on Wednesday, April 16th. Cowen reiterated a "buy" rating on shares of Casella Waste Systems in a research report on Friday, June 6th. UBS Group increased their price target on shares of Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Finally, TD Cowen started coverage on shares of Casella Waste Systems in a research report on Wednesday, April 9th. They issued a "buy" rating and a $130.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $122.67.

Insiders Place Their Bets

In other Casella Waste Systems news, SVP Paul Ligon sold 2,000 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at $2,414,578.49. This trade represents a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Edmond Coletta sold 5,562 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $119.18, for a total transaction of $662,879.16. Following the transaction, the president now directly owns 150,093 shares in the company, valued at approximately $17,888,083.74. This represents a 3.57% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.81% of the company's stock.

About Casella Waste Systems

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.