London Co. of Virginia Has $69 Million Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

London Co. of Virginia trimmed its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 652,101 shares of the industrial products company's stock after selling 5,400 shares during the quarter. London Co. of Virginia owned approximately 1.03% of Casella Waste Systems worth $68,999,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Casella Waste Systems by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 6,110,529 shares of the industrial products company's stock worth $646,555,000 after acquiring an additional 123,001 shares during the period. Wasatch Advisors LP boosted its position in Casella Waste Systems by 48.2% during the 4th quarter. Wasatch Advisors LP now owns 2,577,308 shares of the industrial products company's stock valued at $272,705,000 after purchasing an additional 838,086 shares during the period. Invesco Ltd. boosted its position in Casella Waste Systems by 0.8% during the 4th quarter. Invesco Ltd. now owns 1,830,220 shares of the industrial products company's stock valued at $193,656,000 after purchasing an additional 13,678 shares during the period. Wellington Management Group LLP grew its stake in Casella Waste Systems by 13.1% during the 4th quarter. Wellington Management Group LLP now owns 1,644,476 shares of the industrial products company's stock worth $174,002,000 after buying an additional 190,023 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Casella Waste Systems by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 1,446,875 shares of the industrial products company's stock worth $153,129,000 after buying an additional 15,917 shares during the period. 99.51% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems Price Performance

NASDAQ:CWST traded up $3.51 during midday trading on Thursday, hitting $113.53. 706,969 shares of the stock were exchanged, compared to its average volume of 378,971. The company has a market capitalization of $7.20 billion, a price-to-earnings ratio of 493.61, a P/E/G ratio of 3.86 and a beta of 0.89. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70. Casella Waste Systems, Inc. has a one year low of $91.01 and a one year high of $121.24. The business has a 50-day moving average price of $112.87 and a two-hundred day moving average price of $109.97.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.19 EPS 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 the consensus estimate 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 quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 EPS. Sell-side analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Analyst Ratings Changes

CWST has been the subject of several recent research reports. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. TD Cowen began coverage on Casella Waste Systems in a report on Wednesday, April 9th. They set a "buy" rating and a $130.00 price target on the stock. Jefferies Financial Group downgraded Casella Waste Systems from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. UBS Group raised their target price 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. Finally, Raymond James reiterated a "strong-buy" rating on shares of Casella Waste Systems in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Casella Waste Systems has an average rating of "Moderate Buy" and an average target price of $122.67.

Insider Transactions at Casella Waste Systems

In other Casella Waste Systems news, President Edmond Coletta sold 5,562 shares of Casella Waste Systems stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $119.18, for a total value of $662,879.16. Following the transaction, the president now owns 150,093 shares in the company, valued at approximately $17,888,083.74. The trade was a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Paul Ligon sold 2,000 shares of the stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $118.67, for a total value of $237,340.00. Following the sale, the senior vice president now owns 20,347 shares of the company's stock, valued at $2,414,578.49. This trade represents a 8.95% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.24% 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.