Segall Bryant & Hamill LLC Has $36.98 Million Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Segall Bryant & Hamill LLC increased its stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 331,587 shares of the industrial products company's stock after acquiring an additional 6,176 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.52% of Casella Waste Systems worth $36,975,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CWST. Sheets Smith Wealth Management lifted its stake in Casella Waste Systems by 3.9% during the first quarter. Sheets Smith Wealth Management now owns 2,767 shares of the industrial products company's stock valued at $309,000 after purchasing an additional 103 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Casella Waste Systems by 16.4% during the 4th quarter. Signaturefd LLC now owns 802 shares of the industrial products company's stock worth $85,000 after acquiring an additional 113 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Casella Waste Systems by 2.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,388 shares of the industrial products company's stock worth $676,000 after acquiring an additional 134 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Casella Waste Systems by 4.3% during the fourth quarter. Mackenzie Financial Corp now owns 3,516 shares of the industrial products company's stock worth $372,000 after purchasing an additional 146 shares during the period. Finally, Covestor Ltd lifted its holdings 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 last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.

Analyst Ratings Changes

CWST has been the subject of a number of analyst reports. UBS Group upped 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. TD Cowen began coverage on shares of Casella Waste Systems in a research report on Wednesday, April 9th. They issued a "buy" rating and a $130.00 target price for the company. Cowen reissued a "buy" rating on shares of Casella Waste Systems in a research note on Friday, June 6th. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a research note on Tuesday. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Casella Waste Systems in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Casella Waste Systems currently has a consensus rating of "Moderate Buy" and an average target price of $122.67.

Insider Activity at Casella Waste Systems

In related news, President Edmond Coletta sold 5,562 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $119.18, for a total transaction of $662,879.16. Following the completion of the sale, the president directly owned 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.81% of the stock is currently owned by corporate insiders.

Casella Waste Systems Stock Down 0.3%

Shares of CWST stock traded down $0.29 on Thursday, hitting $109.55. The company's stock had a trading volume of 422,945 shares, compared to its average volume of 392,311. The stock has a market capitalization of $6.95 billion, a price-to-earnings ratio of 498.31, a P/E/G ratio of 4.02 and a beta of 0.84. Casella Waste Systems, Inc. has a fifty-two week low of $91.01 and a fifty-two week high of $121.24. The firm's fifty day moving average price is $115.15 and its 200-day moving average price is $112.34. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.96 and a quick ratio of 1.87.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.08. The company had revenue of $417.10 million for the quarter, compared to analyst estimates of $403.64 million. Casella Waste Systems had a return on equity of 4.69% and a net margin of 0.79%. The business's revenue was up 22.3% compared to the same quarter last year. During the same period last year, the company earned $0.15 earnings per share. Research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

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.