Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lowered its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 52.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,934 shares of the industrial products company's stock after selling 3,269 shares during the quarter. Squarepoint Ops LLC's holdings in Casella Waste Systems were worth $310,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mather Group LLC. increased its holdings in Casella Waste Systems by 1,606.7% in the 4th quarter. Mather Group LLC. now owns 256 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 241 shares in the last quarter. Covestor Ltd grew its stake in shares of Casella Waste Systems by 124.4% in the fourth quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock valued at $29,000 after buying an additional 153 shares in the last quarter. Quarry LP acquired a new stake in shares of Casella Waste Systems in the fourth quarter valued at about $30,000. Jones Financial Companies Lllp grew its stake 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 buying an additional 194 shares in the last quarter. Finally, Huntington National Bank grew its stake in shares of Casella Waste Systems by 171.6% in the fourth quarter. Huntington National Bank now owns 364 shares of the industrial products company's stock valued at $39,000 after buying an additional 230 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.

Insider Activity at Casella Waste Systems

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

Casella Waste Systems Price Performance

Shares of CWST stock opened at $116.58 on Friday. The firm has a market cap of $7.40 billion, a P/E ratio of 506.87, a P/E/G ratio of 3.86 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 firm has a fifty day moving average of $114.99 and a two-hundred day moving average of $111.29. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.00 and a quick ratio of 2.48.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.08. The business had revenue of $417.10 million during the quarter, compared to the consensus estimate of $403.64 million. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. The company's revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period last year, the firm earned $0.15 earnings per share. As a group, research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CWST has been the subject of several recent research reports. UBS Group increased their price objective 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. Raymond James reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a report on Wednesday, April 16th. Stifel Nicolaus raised their price target on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. TD Cowen began coverage on Casella Waste Systems in a research note on Wednesday, April 9th. They set a "buy" rating and a $130.00 target price for the company. Finally, Cowen restated a "buy" rating on shares of Casella Waste Systems in a research note on Friday. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.67.

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.

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