GAMMA Investing LLC Boosts Stock Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

GAMMA Investing LLC raised its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 26,511.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 145,298 shares of the industrial products company's stock after buying an additional 144,752 shares during the quarter. GAMMA Investing LLC owned about 0.23% of Casella Waste Systems worth $16,202,000 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. Mather Group LLC. boosted its position in shares of Casella Waste Systems by 1,606.7% in the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 241 shares during the period. Covestor Ltd lifted its stake in Casella Waste Systems by 124.4% in the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock worth $29,000 after purchasing an additional 153 shares in the last quarter. Quarry LP bought a new position in Casella Waste Systems in the 4th quarter valued at $30,000. Jones Financial Companies Lllp boosted its holdings in Casella Waste Systems by 156.5% in the 4th 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 period. Finally, Huntington National Bank grew its position in shares of Casella Waste Systems by 171.6% during the 4th quarter. Huntington National Bank now owns 364 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 230 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Paul Ligon sold 2,000 shares of the business'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 sale, the senior vice president now owns 20,347 shares of the company's stock, valued at approximately $2,414,578.49. The trade was a 8.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $119.18, for a total value of $662,879.16. Following the transaction, the president now owns 150,093 shares in the company, valued at approximately $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 corporate insiders.

Casella Waste Systems Price Performance

Shares of CWST traded up $1.41 during midday trading on Friday, reaching $116.58. The stock had a trading volume of 446,238 shares, compared to its average volume of 386,316. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of 506.87, a price-to-earnings-growth ratio of 3.86 and a beta of 0.86. The company's 50-day moving average is $114.99 and its 200 day moving average is $111.29. Casella Waste Systems, Inc. has a 12-month low of $91.01 and a 12-month high of $121.24.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its earnings results on Thursday, May 1st. The industrial products company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.08. The company 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%. Casella Waste Systems's quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. On average, equities analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Raymond James reiterated a "strong-buy" rating on shares of Casella Waste Systems in a research report on Wednesday, April 16th. Stifel Nicolaus raised their price target on 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 report on Wednesday, April 9th. They set a "buy" rating and a $130.00 price target for the company. UBS Group upped their price objective on shares of Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Finally, William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.