Tidal Investments LLC Takes $12.17 Million Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Tidal Investments LLC acquired a new stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 115,046 shares of the industrial products company's stock, valued at approximately $12,173,000. Tidal Investments LLC owned 0.18% of Casella Waste Systems at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its holdings in Casella Waste Systems by 16.4% in the fourth quarter. Signaturefd LLC now owns 802 shares of the industrial products company's stock valued at $85,000 after acquiring an additional 113 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in Casella Waste Systems by 2.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,388 shares of the industrial products company's stock valued at $676,000 after acquiring an additional 134 shares during the last quarter. Covestor Ltd boosted its holdings in Casella Waste Systems by 124.4% in the fourth quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 153 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Casella Waste Systems by 1.3% in the fourth quarter. Captrust Financial Advisors now owns 12,267 shares of the industrial products company's stock valued at $1,298,000 after acquiring an additional 156 shares during the last quarter. Finally, State of Wyoming boosted its holdings in Casella Waste Systems by 7.4% in the fourth quarter. State of Wyoming now owns 2,276 shares of the industrial products company's stock valued at $241,000 after acquiring an additional 156 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 topic of several analyst reports. TD Cowen initiated 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. Stifel Nicolaus upped their target price on Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. William Blair reiterated an "outperform" rating on shares of Casella Waste Systems in a report on Friday, February 14th. Raymond James reiterated a "strong-buy" rating on shares of Casella Waste Systems in a report on Wednesday, April 16th. Finally, UBS Group increased their price target on Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $122.67.

Insider Buying and Selling

In related news, President Edmond Coletta sold 5,562 shares of the stock in a transaction 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 transaction, the president now directly owns 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 at this link. Also, SVP Paul Ligon sold 2,000 shares of the stock in a transaction 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 transaction, the senior vice president now owns 20,347 shares in the company, valued at approximately $2,414,578.49. This represents a 8.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.24% of the stock is owned by company insiders.

Casella Waste Systems Trading Up 0.1%

Shares of Casella Waste Systems stock traded up $0.15 on Friday, reaching $115.65. 271,329 shares of the company's stock were exchanged, compared to its average volume of 384,035. The company has a market capitalization of $7.34 billion, a P/E ratio of 502.83, a price-to-earnings-growth ratio of 3.86 and a beta of 0.89. Casella Waste Systems, Inc. has a 52 week low of $91.01 and a 52 week high of $121.24. The firm's 50-day moving average is $113.95 and its two-hundred day moving average is $110.70. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.08. The firm had revenue of $417.10 million for the quarter, compared to analysts' expectations of $403.64 million. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. The company's revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 EPS. Sell-side analysts predict 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.