Yarbrough Capital LLC Has $742,000 Stock Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Yarbrough Capital LLC increased its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 102.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,654 shares of the industrial products company's stock after purchasing an additional 3,372 shares during the period. Yarbrough Capital LLC's holdings in Casella Waste Systems were worth $742,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CWST. Mather Group LLC. grew its stake in Casella Waste Systems by 1,606.7% during the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company's stock worth $27,000 after purchasing an additional 241 shares during the period. Covestor Ltd grew its stake in Casella Waste Systems by 124.4% during the fourth quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock worth $29,000 after purchasing an additional 153 shares during the period. Quarry LP acquired a new stake in Casella Waste Systems during the fourth quarter worth approximately $30,000. NBC Securities Inc. bought a new position in Casella Waste Systems in the first quarter worth approximately $31,000. Finally, Jones Financial Companies Lllp boosted its holdings in 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 acquiring an additional 194 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.

Wall Street Analysts Forecast Growth

CWST has been the topic of several recent research 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 price target on the stock. Cowen reiterated a "buy" rating on shares of Casella Waste Systems in a report on Friday. 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. Raymond James reiterated a "strong-buy" rating on shares of Casella Waste Systems in a report on Wednesday, April 16th. Finally, Stifel Nicolaus increased their price target on Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Two equities research 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, Casella Waste Systems has an average rating of "Moderate Buy" and a consensus price target of $122.67.

Insider Activity

In related news, SVP Paul Ligon sold 2,000 shares of Casella Waste Systems stock in a transaction 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 in the company, valued at approximately $2,414,578.49. This trade represents a 8.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Edmond Coletta sold 5,562 shares of Casella Waste Systems 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 sale, the president now owns 150,093 shares in the company, valued at $17,888,083.74. This trade represents a 3.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.81% of the company's stock.

Casella Waste Systems Stock Up 1.2%

CWST stock opened at $116.58 on Friday. Casella Waste Systems, Inc. has a twelve month low of $91.01 and a twelve month high of $121.24. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. The stock's 50 day moving average is $114.99 and its 200-day moving average is $111.30. The firm has a market capitalization of $7.40 billion, a PE ratio of 506.87, a P/E/G ratio of 3.86 and a beta of 0.86.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its earnings results 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. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. The company had revenue of $417.10 million for the quarter, compared to analyst estimates of $403.64 million. During the same quarter last year, the company earned $0.15 earnings per share. The company's revenue for the quarter was up 22.3% on a year-over-year basis. Sell-side analysts expect 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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