CHICAGO TRUST Co NA Purchases New Shares in Casella Waste Systems, Inc. (NASDAQ:CWST)

CHICAGO TRUST Co NA bought a new stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,144 shares of the industrial products company's stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CWST. Covestor Ltd boosted its stake in shares of Casella Waste Systems by 124.4% during the fourth quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 153 shares during the period. Quarry LP purchased a new stake in shares of Casella Waste Systems during the 4th quarter worth $30,000. NBC Securities Inc. bought a new stake in shares of Casella Waste Systems in the 1st quarter valued at about $31,000. Jones Financial Companies Lllp boosted 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 acquiring an additional 194 shares in the last quarter. Finally, Huntington National Bank grew its stake in Casella Waste Systems by 171.6% during the 4th quarter. Huntington National Bank now owns 364 shares of the industrial products company's stock worth $39,000 after buying an additional 230 shares during the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.

Casella Waste Systems Trading Up 0.2%

Shares of Casella Waste Systems stock traded up $0.18 during trading hours on Tuesday, hitting $117.15. The company's stock had a trading volume of 251,283 shares, compared to its average volume of 387,173. Casella Waste Systems, Inc. has a twelve month low of $91.01 and a twelve month high of $121.24. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00. The firm has a fifty day moving average of $115.05 and a 200-day moving average of $111.33. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 509.35, a P/E/G ratio of 3.86 and a beta of 0.86.

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 (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.08. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. The business had revenue of $417.10 million for the quarter, compared to analysts' expectations of $403.64 million. During the same quarter in the prior year, the company earned $0.15 earnings per share. The business's quarterly revenue was up 22.3% on a year-over-year basis. Research 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 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 transaction, the president now directly owns 150,093 shares in the company, valued at $17,888,083.74. This represents a 3.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Paul Ligon sold 2,000 shares of Casella Waste Systems stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $118.67, for a total transaction of $237,340.00. Following the sale, 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 disclosure for this sale can be found here. Company insiders own 3.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CWST. UBS Group upped 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 note on Friday, April 11th. Cowen restated a "buy" rating on shares of Casella Waste Systems in a research report on Friday. Raymond James restated a "strong-buy" rating on shares of Casella Waste Systems in a research note on Wednesday, April 16th. Stifel Nicolaus upped their price target on shares of Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Finally, William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Two investment 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's stock. According to data from MarketBeat, the company presently has an average 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.