Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 12.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 90,456 shares of the industrial products company's stock after acquiring an additional 10,099 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.14% of Casella Waste Systems worth $10,087,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CWST. Covestor Ltd raised 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 acquired a new stake in Casella Waste Systems during the 4th quarter valued at $30,000. NBC Securities Inc. acquired a new stake in Casella Waste Systems during the 1st quarter valued at $31,000. Jones Financial Companies Lllp increased its stake in Casella Waste Systems by 156.5% during the 4th quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company's stock worth $34,000 after buying an additional 194 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in Casella Waste Systems in the 1st quarter worth $34,000. 99.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CWST has been the subject of several recent analyst reports. TD Cowen initiated 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. Raymond James Financial restated a "strong-buy" rating on shares of Casella Waste Systems in a research note on Wednesday, April 16th. Cowen restated a "buy" rating on shares of Casella Waste Systems in a report on Friday, June 6th. Finally, 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. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Casella Waste Systems has a consensus rating of "Moderate Buy" and an average target price of $122.67.

Casella Waste Systems Stock Down 1.0%

Shares of CWST stock traded down $1.20 during trading hours on Friday, hitting $115.31. 742,543 shares of the company were exchanged, compared to its average volume of 391,934. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 524.16, a P/E/G ratio of 4.18 and a beta of 0.86. Casella Waste Systems, Inc. has a one year low of $91.01 and a one year high of $121.24. The business's 50-day simple moving average is $116.28 and its two-hundred day simple moving average is $111.77. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.87 and a current ratio of 1.96.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its 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 company 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%. Casella Waste Systems's quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. Sell-side analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, President Edmond Coletta sold 5,562 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $119.18, for a total transaction of $662,879.16. Following the sale, the president now directly owns 150,093 shares in the company, valued at approximately $17,888,083.74. This represents a 3.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the senior vice president now directly owns 20,347 shares in the company, valued at approximately $2,414,578.49. This trade represents a 8.95% decrease in their position. The disclosure for this sale can be found here. 3.81% of the stock is currently owned by corporate insiders.

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.