Rhumbline Advisers Grows Stock Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Rhumbline Advisers increased its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 5.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,720 shares of the industrial products company's stock after acquiring an additional 4,862 shares during the period. Rhumbline Advisers owned about 0.14% of Casella Waste Systems worth $10,228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Covestor Ltd increased its holdings in Casella Waste Systems by 124.4% during 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 purchased a new position in shares of Casella Waste Systems during the fourth quarter valued at approximately $30,000. Jones Financial Companies Lllp grew its holdings in Casella Waste Systems by 156.5% during the fourth 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 in the last quarter. Huntington National Bank grew its holdings in Casella Waste Systems by 171.6% during the fourth quarter. Huntington National Bank now owns 364 shares of the industrial products company's stock worth $39,000 after buying an additional 230 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in Casella Waste Systems in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 99.51% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on CWST shares. Stifel Nicolaus lifted their price objective on shares of Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a report on Friday, February 14th. TD Cowen started coverage on shares of Casella Waste Systems in a research report on Wednesday, April 9th. They issued a "buy" rating and a $130.00 price objective for the company. 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 note on Friday, April 11th. Finally, Cowen reissued a "buy" rating on shares of Casella Waste Systems in a research report on Friday, June 6th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $122.67.

Casella Waste Systems Stock Performance

NASDAQ CWST traded down $0.07 during trading hours on Friday, reaching $118.35. 17,541 shares of the company were exchanged, compared to its average volume of 443,936. The stock has a market capitalization of $7.51 billion, a P/E ratio of 515.00, a P/E/G ratio of 3.86 and a beta of 0.86. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. Casella Waste Systems, Inc. has a 1 year low of $91.01 and a 1 year high of $121.24. The business's 50 day simple moving average is $115.54 and its 200-day simple moving average is $111.45.

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 company had revenue of $417.10 million for the quarter, compared to analysts' expectations of $403.64 million. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. Casella Waste Systems's revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 EPS. On average, equities research analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Insider Activity

In related news, SVP Paul Ligon sold 2,000 shares of the business'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 owns 20,347 shares in the company, valued at $2,414,578.49. The trade was a 8.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the president now directly owns 150,093 shares of the company's stock, valued at approximately $17,888,083.74. This represents a 3.57% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.81% of the company's stock.

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.