13,275 Shares in Casella Waste Systems, Inc. (NASDAQ:CWST) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 13,275 shares of the industrial products company's stock, valued at approximately $1,480,000.

A number of other hedge funds have also bought and sold shares of CWST. Covestor Ltd lifted its holdings in shares of 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 acquiring an additional 153 shares during the last quarter. Quarry LP purchased a new position in shares of Casella Waste Systems during the fourth quarter valued at about $30,000. NBC Securities Inc. purchased a new stake in Casella Waste Systems in the first quarter worth about $31,000. Jones Financial Companies Lllp lifted its stake in shares of Casella Waste Systems by 156.5% in 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. Finally, Opal Wealth Advisors LLC bought a new position in Casella Waste Systems during the first quarter valued at approximately $34,000. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Casella Waste Systems Trading Down 1.7%

Shares of NASDAQ CWST traded down $1.90 during midday trading on Tuesday, reaching $110.06. 182,974 shares of the stock were exchanged, compared to its average volume of 392,907. Casella Waste Systems, Inc. has a 52-week low of $91.01 and a 52-week high of $121.24. The stock has a 50 day moving average price of $115.68 and a 200-day moving average price of $112.33. The company has a market capitalization of $6.98 billion, a P/E ratio of 500.30, a P/E/G ratio of 4.04 and a beta of 0.84. The company has a current ratio of 1.96, a quick ratio of 1.87 and a debt-to-equity ratio of 0.72.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $0.19 earnings per share 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 0.79% and a return on equity of 4.69%. The firm's revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 earnings per share. Equities research analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

CWST has been the subject of a number of analyst reports. TD Cowen initiated coverage on shares of Casella Waste Systems in a research note on Wednesday, April 9th. They issued a "buy" rating and a $130.00 price objective for the company. UBS Group lifted their price objective on shares of Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a report on Friday, April 11th. Cowen restated a "buy" rating on shares of Casella Waste Systems in a report on Friday, June 6th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a research report on Wednesday, April 16th. Finally, William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a research report on Tuesday. 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 stock. Based on data from MarketBeat.com, Casella Waste Systems presently has an average rating of "Moderate Buy" and a consensus price target of $122.67.

Insider Activity at Casella Waste Systems

In other news, President Edmond Coletta sold 5,562 shares of the company's stock in a transaction dated 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 directly owned 150,093 shares of the company's stock, valued at $17,888,083.74. This represents a 3.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Paul Ligon sold 2,000 shares of the company'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 transaction, the senior vice president directly 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. Company insiders own 3.81% of the company's stock.

Casella Waste Systems 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.