Wealth Enhancement Advisory Services LLC Sells 2,830 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Wealth Enhancement Advisory Services LLC reduced its position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 6.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,602 shares of the industrial products company's stock after selling 2,830 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.07% of Casella Waste Systems worth $4,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. New York State Common Retirement Fund lifted its position in Casella Waste Systems by 2.2% during the fourth quarter. New York State Common Retirement Fund now owns 50,098 shares of the industrial products company's stock valued at $5,301,000 after purchasing an additional 1,100 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of Casella Waste Systems by 14.7% in the fourth quarter. Handelsbanken Fonder AB now owns 16,400 shares of the industrial products company's stock valued at $1,735,000 after acquiring an additional 2,100 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Casella Waste Systems by 13.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 80,357 shares of the industrial products company's stock valued at $8,503,000 after acquiring an additional 9,618 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Casella Waste Systems by 168.8% in the fourth quarter. Fisher Asset Management LLC now owns 32,180 shares of the industrial products company's stock valued at $3,405,000 after acquiring an additional 20,208 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position 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 valued at $34,000 after acquiring an additional 194 shares in the last quarter. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Casella Waste Systems Price Performance

Shares of CWST stock traded down $1.20 during trading hours on Friday, hitting $115.31. The stock had a trading volume of 742,554 shares, compared to its average volume of 391,225. Casella Waste Systems, Inc. has a one year low of $91.01 and a one year high of $121.24. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.96 and a quick ratio of 1.87. The stock's 50-day moving average price is $116.23 and its two-hundred day moving average price is $111.85. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 524.16, a PEG ratio of 4.22 and a beta of 0.86.

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 (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.08. Casella Waste Systems had a return on equity of 4.69% and a net margin of 0.79%. The firm had revenue of $417.10 million for the quarter, compared to analysts' expectations of $403.64 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The business's revenue was up 22.3% compared to the same quarter last year. Equities analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Insider Transactions at Casella Waste Systems

In other Casella Waste Systems news, SVP Paul Ligon sold 2,000 shares of the business'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 transaction of $237,340.00. Following the sale, the senior vice president now directly owns 20,347 shares of the company's stock, valued at $2,414,578.49. The trade was a 8.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Edmond Coletta sold 5,562 shares of the business'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 value of $662,879.16. Following the sale, the president now directly owns 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 disclosure for this sale can be found here. Insiders own 3.81% of the company's stock.

Analyst Upgrades and Downgrades

CWST has been the topic of several research analyst reports. UBS Group boosted their price objective on Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Raymond James Financial restated a "strong-buy" rating on shares of Casella Waste Systems in a research report on Wednesday, April 16th. Cowen restated a "buy" rating on shares of Casella Waste Systems in a research report on Friday, June 6th. Finally, TD Cowen began coverage on Casella Waste Systems in a research report on Wednesday, April 9th. They issued a "buy" rating and a $130.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $122.67.

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.