TimesSquare Capital Management LLC Sells 192,263 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

TimesSquare Capital Management LLC cut its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 29.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 454,739 shares of the industrial products company's stock after selling 192,263 shares during the period. TimesSquare Capital Management LLC owned 0.72% of Casella Waste Systems worth $50,708,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sheets Smith Wealth Management increased its position in Casella Waste Systems by 3.9% during the 1st 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 period. 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 valued at $85,000 after purchasing an additional 113 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of Casella Waste Systems by 2.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,388 shares of the industrial products company's stock valued at $676,000 after buying an additional 134 shares during the period. Mackenzie Financial Corp raised its stake in Casella Waste Systems by 4.3% in the fourth quarter. Mackenzie Financial Corp now owns 3,516 shares of the industrial products company's stock worth $372,000 after buying an additional 146 shares in the last quarter. Finally, Covestor Ltd raised its stake in Casella Waste Systems by 124.4% in the fourth quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock worth $29,000 after buying an additional 153 shares in the last quarter. Institutional investors own 99.51% of the company's stock.

Insider Buying and Selling

In other news, President Edmond Coletta sold 5,562 shares of the business's 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 completion of the transaction, the president owned 150,093 shares in the company, valued at $17,888,083.74. The trade was a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.81% of the company's stock.

Casella Waste Systems Stock Down 0.3%

Shares of NASDAQ:CWST traded down $0.28 on Thursday, hitting $109.56. 572,695 shares of the company traded hands, compared to its average volume of 391,810. The stock has a 50 day simple moving average of $114.97 and a 200-day simple moving average of $112.37. The company has a quick ratio of 1.87, a current ratio of 1.96 and a debt-to-equity ratio of 0.72. The company has a market cap of $6.95 billion, a PE ratio of 498.02, a PEG ratio of 4.02 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.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a research report on Tuesday. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a research note on Wednesday, April 16th. Cowen reissued a "buy" rating on shares of Casella Waste Systems in a research report on Friday, June 6th. UBS Group boosted their target price 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. Finally, 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 target for the company. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $122.67.

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.