Edgestream Partners L.P. Takes $1.87 Million Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Edgestream Partners L.P. acquired a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 16,804 shares of the industrial products company's stock, valued at approximately $1,874,000.

Several other institutional investors and hedge funds have also made changes to their positions in CWST. Vanguard Group Inc. lifted its stake in shares of Casella Waste Systems by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 6,110,529 shares of the industrial products company's stock worth $646,555,000 after buying an additional 123,001 shares during the last quarter. Wasatch Advisors LP raised its position in shares of Casella Waste Systems by 48.2% in the 4th quarter. Wasatch Advisors LP now owns 2,577,308 shares of the industrial products company's stock valued at $272,705,000 after acquiring an additional 838,086 shares during the period. Invesco Ltd. raised its holdings in Casella Waste Systems by 0.8% during the 4th quarter. Invesco Ltd. now owns 1,830,220 shares of the industrial products company's stock worth $193,656,000 after buying an additional 13,678 shares during the period. Wellington Management Group LLP raised its holdings in shares of Casella Waste Systems by 13.1% in the fourth quarter. Wellington Management Group LLP now owns 1,644,476 shares of the industrial products company's stock valued at $174,002,000 after purchasing an additional 190,023 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Casella Waste Systems by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 1,446,875 shares of the industrial products company's stock valued at $153,129,000 after buying an additional 15,917 shares in the last quarter. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Casella Waste Systems news, President Edmond Coletta sold 5,562 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $119.18, for a total value of $662,879.16. Following the sale, the president owned 150,093 shares in the company, valued at approximately $17,888,083.74. This represents a 3.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.81% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on CWST. Raymond James Financial restated a "strong-buy" rating on shares of Casella Waste Systems in a research note on Wednesday, April 16th. UBS Group boosted their target price on Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, April 11th. William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a report on Tuesday. Cowen reiterated a "buy" rating on shares of Casella Waste Systems in a research report on Friday, June 6th. Finally, TD Cowen began coverage on Casella Waste Systems in a research note on Wednesday, April 9th. They issued a "buy" rating and a $130.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $122.67.

Casella Waste Systems Trading Down 0.3%

NASDAQ:CWST opened at $109.56 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.87 and a debt-to-equity ratio of 0.72. The firm has a fifty day simple moving average of $114.97 and a two-hundred day simple moving average of $112.37. 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 capitalization of $6.95 billion, a price-to-earnings ratio of 498.02, a PEG ratio of 4.02 and a beta of 0.84.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued 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. Casella Waste Systems had a net margin of 0.79% and a return on equity of 4.69%. The business had revenue of $417.10 million during the quarter, compared to analyst estimates of $403.64 million. During the same period in the prior year, the business earned $0.15 EPS. The company's revenue for the quarter was up 22.3% on a year-over-year basis. Analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

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.

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