Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by London Co. of Virginia

London Co. of Virginia cut its stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 652,101 shares of the industrial products company's stock after selling 5,400 shares during the period. London Co. of Virginia owned 1.03% of Casella Waste Systems worth $68,999,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Mather Group LLC. boosted its stake in Casella Waste Systems by 1,606.7% in the 4th quarter. Mather Group LLC. now owns 256 shares of the industrial products company's stock worth $27,000 after purchasing an additional 241 shares in the last quarter. Covestor Ltd raised its position in Casella Waste Systems by 124.4% during the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock worth $29,000 after buying an additional 153 shares during the last quarter. Quarry LP purchased a new position in Casella Waste Systems during the 4th quarter worth approximately $30,000. Jones Financial Companies Lllp raised its position in Casella Waste Systems by 156.5% during the 4th quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company's stock worth $34,000 after buying an additional 194 shares during the last quarter. Finally, Huntington National Bank raised its position in Casella Waste Systems by 171.6% during the 4th quarter. Huntington National Bank now owns 364 shares of the industrial products company's stock worth $39,000 after buying an additional 230 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Casella Waste Systems news, President Edmond Coletta sold 5,562 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $17,888,083.74. This represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Paul Ligon sold 2,000 shares of the company's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $118.67, for a total transaction of $237,340.00. Following the completion of the transaction, the senior vice president now directly owns 20,347 shares in the company, valued at $2,414,578.49. The trade was 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 Price Performance

Shares of Casella Waste Systems stock traded up $0.99 during trading hours on Friday, reaching $114.52. 442,877 shares of the company's stock were exchanged, compared to its average volume of 380,193. Casella Waste Systems, Inc. has a 1 year low of $91.01 and a 1 year high of $121.24. The company has a market capitalization of $7.27 billion, a P/E ratio of 497.91, a price-to-earnings-growth ratio of 3.86 and a beta of 0.89. The business has a fifty day moving average of $113.11 and a two-hundred day moving average of $110.14. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.19 earnings per share for the quarter, beating the consensus estimate 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 net margin of 0.87% and a return on equity of 4.15%. The company's revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. As a group, research analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CWST shares. William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Stifel Nicolaus raised their price target on shares of Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Jefferies Financial Group lowered shares of Casella Waste Systems from a "buy" rating to a "hold" rating and reduced their price target for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. UBS Group lifted 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, Raymond James reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating, four have assigned 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.

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.