Brown Advisory Inc. Sells 63,379 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Brown Advisory Inc. lowered its position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 999,655 shares of the industrial products company's stock after selling 63,379 shares during the quarter. Brown Advisory Inc. owned approximately 1.58% of Casella Waste Systems worth $111,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp lifted its position in 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. Charles Schwab Investment Management Inc. raised its holdings in shares of Casella Waste Systems by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 607,954 shares of the industrial products company's stock valued at $64,328,000 after acquiring an additional 14,369 shares in the last quarter. Victory Capital Management Inc. grew its stake in Casella Waste Systems by 3.1% in the fourth quarter. Victory Capital Management Inc. now owns 47,396 shares of the industrial products company's stock worth $5,015,000 after purchasing an additional 1,415 shares during the period. Arizona State Retirement System grew its stake in Casella Waste Systems by 9.9% in the fourth quarter. Arizona State Retirement System now owns 18,070 shares of the industrial products company's stock worth $1,912,000 after purchasing an additional 1,622 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Casella Waste Systems in the fourth quarter worth $31,326,000. Hedge funds and other institutional investors own 99.51% of the company's stock.

Casella Waste Systems Stock Performance

Shares of Casella Waste Systems stock traded down $1.43 during trading on Tuesday, hitting $111.87. 241,109 shares of the company's stock traded hands, compared to its average volume of 393,915. 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, Inc. has a 1 year low of $91.01 and a 1 year high of $121.24. The stock has a market capitalization of $7.10 billion, a P/E ratio of 508.52, a PEG ratio of 4.15 and a beta of 0.84. The business has a 50-day simple moving average of $116.13 and a 200-day simple moving average of $112.18.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its earnings results on Thursday, May 1st. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.08. The business had revenue of $417.10 million for the quarter, compared to analysts' expectations 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 for the quarter was up 22.3% on a year-over-year basis. During the same period last year, the firm posted $0.15 earnings per share. As a group, analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Insider Activity

In other Casella Waste Systems news, President Edmond Coletta sold 5,562 shares of the firm'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 transaction, the president directly owned 150,093 shares of the company's stock, valued at approximately $17,888,083.74. This trade represents a 3.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Paul Ligon sold 2,000 shares of the firm'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 transaction, the senior vice president directly owned 20,347 shares in the company, valued at $2,414,578.49. The trade was a 8.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.81% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CWST. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a research note on Wednesday, April 16th. UBS Group upped their price target on Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. TD Cowen began coverage on Casella Waste Systems in a report on Wednesday, April 9th. They set a "buy" rating and a $130.00 price target for the company. Finally, Cowen restated a "buy" rating on shares of Casella Waste Systems in a report on Friday, June 6th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.