Teacher Retirement System of Texas Takes Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Teacher Retirement System of Texas bought a new stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,275 shares of the industrial products company's stock, valued at approximately $1,480,000.

A number of other large investors have also recently bought and sold shares of the company. Cannon Global Investment Management LLC purchased a new stake in Casella Waste Systems in the 1st quarter worth approximately $279,000. Lisanti Capital Growth LLC acquired a new stake in shares of Casella Waste Systems in the 1st quarter worth $6,983,000. Highland Capital Management LLC acquired a new stake in shares of Casella Waste Systems in the 1st quarter worth $276,000. Mascoma Wealth Management LLC increased its position in shares of Casella Waste Systems by 115.0% during the 1st quarter. Mascoma Wealth Management LLC now owns 3,440 shares of the industrial products company's stock worth $384,000 after purchasing an additional 1,840 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Casella Waste Systems by 28.9% during the 1st quarter. Bessemer Group Inc. now owns 288,424 shares of the industrial products company's stock worth $32,162,000 after purchasing an additional 64,704 shares during the last quarter. Hedge funds and other institutional investors own 99.51% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group raised their target price on Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a report on Friday, April 11th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a research report on Wednesday, April 16th. TD Cowen began coverage on Casella Waste Systems in a report on Wednesday, April 9th. They issued a "buy" rating and a $130.00 target price on the stock. Finally, Cowen restated a "buy" rating on shares of Casella Waste Systems in a research note on Friday, June 6th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $122.67.

Insider Activity

In other Casella Waste Systems news, 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 transaction of $662,879.16. Following the completion of the sale, the president owned 150,093 shares in the company, valued at $17,888,083.74. This trade represents a 3.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $118.67, for a total value of $237,340.00. Following the sale, the senior vice president owned 20,347 shares of the company's stock, 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. Corporate insiders own 3.81% of the company's stock.

Casella Waste Systems Stock Down 0.5%

Shares of NASDAQ CWST opened at $110.59 on Friday. 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, Inc. has a 12-month low of $91.01 and a 12-month high of $121.24. The firm's 50-day moving average is $115.68 and its two-hundred day moving average is $112.26. The company has a market capitalization of $7.02 billion, a PE ratio of 502.70, a price-to-earnings-growth ratio of 4.06 and a beta of 0.84.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.08. The business 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%. The business's revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 earnings per share. Equities analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

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.

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