Brown Advisory Inc. Decreases Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Brown Advisory Inc. lessened its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 6.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. 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 about 1.58% of Casella Waste Systems worth $111,472,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 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 in the last quarter. NBC Securities Inc. bought a new stake in shares of Casella Waste Systems during the 1st quarter valued at about $31,000. Quarry LP purchased a new position in shares of Casella Waste Systems during the fourth quarter worth about $30,000. Opal Wealth Advisors LLC bought a new position in shares of Casella Waste Systems in the first quarter worth approximately $34,000. Finally, Jones Financial Companies Lllp raised its stake 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 in the last quarter. 99.51% of the stock is currently owned by institutional investors.

Casella Waste Systems Trading Down 0.5%

Casella Waste Systems stock traded down $0.51 during mid-day trading on Friday, hitting $110.59. The company's stock had a trading volume of 294,091 shares, compared to its average volume of 393,549. The business has a 50 day moving average price of $115.68 and a 200-day moving average price of $112.26. 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 12 month low of $91.01 and a 12 month high of $121.24. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 502.70, a price-to-earnings-growth ratio of 4.06 and a beta of 0.84.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.11 by $0.08. The firm 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 company's quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 earnings per share. As a group, analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Cowen reissued a "buy" rating on shares of Casella Waste Systems in a research note on Friday, June 6th. 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 target price for the company. UBS Group increased their target price on Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a research note on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Casella Waste Systems currently has a consensus rating of "Moderate Buy" and an average target price of $122.67.

Insider Activity at Casella Waste Systems

In other news, President Edmond Coletta sold 5,562 shares of the stock in a transaction dated 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 sale, the president directly owned 150,093 shares in the company, valued at approximately $17,888,083.74. This represents a 3.57% 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, SVP Paul Ligon sold 2,000 shares of the business's 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 transaction, the senior vice president owned 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. Insiders own 3.81% of the company's stock.

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.