Segall Bryant & Hamill LLC Acquires 6,176 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Segall Bryant & Hamill LLC grew its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 1.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 331,587 shares of the industrial products company's stock after buying an additional 6,176 shares during the quarter. Segall Bryant & Hamill LLC owned 0.52% of Casella Waste Systems worth $36,975,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Covestor Ltd lifted its position in 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 bought a new position in Casella Waste Systems during the fourth quarter valued at approximately $30,000. NBC Securities Inc. bought a new position in Casella Waste Systems during the first quarter valued at approximately $31,000. Jones Financial Companies Lllp lifted its position 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 valued at $34,000 after purchasing an additional 194 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in Casella Waste Systems during the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 99.51% of the company's stock.

Casella Waste Systems Price Performance

Shares of CWST stock traded down $1.62 on Friday, hitting $107.94. 542,047 shares of the stock traded hands, compared to its average volume of 392,737. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 490.66, a PEG ratio of 4.01 and a beta of 0.84. Casella Waste Systems, Inc. has a 52 week low of $91.01 and a 52 week high of $121.24. The firm has a 50 day simple moving average of $114.76 and a two-hundred day simple moving average of $112.38. 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 announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.11 by $0.08. The firm had revenue of $417.10 million for the quarter, compared to the consensus estimate of $403.64 million. Casella Waste Systems had a net margin of 0.79% and a return on equity of 4.69%. The company's revenue was up 22.3% on a year-over-year basis. During the same period last year, the firm earned $0.15 EPS. As a group, equities research analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. 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 report on Friday, April 11th. TD Cowen initiated 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 target on the stock. Raymond James Financial reiterated a "strong-buy" rating on shares of Casella Waste Systems in a research report on Wednesday, April 16th. William Blair reiterated an "outperform" rating on shares of Casella Waste Systems in a research report on Tuesday. Finally, Cowen reiterated a "buy" rating on shares of Casella Waste Systems in a research report on Friday, June 6th. Two research 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $122.67.

Insider Activity at Casella Waste Systems

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