WCM Investment Management LLC Has $19.54 Million Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

WCM Investment Management LLC grew its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 227,195 shares of the industrial products company's stock after purchasing an additional 18,216 shares during the period. WCM Investment Management LLC owned 0.39% of Casella Waste Systems worth $19,543,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. First Republic Investment Management Inc. raised its holdings in shares of Casella Waste Systems by 1.1% during the second quarter. First Republic Investment Management Inc. now owns 11,951 shares of the industrial products company's stock worth $869,000 after purchasing an additional 131 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Casella Waste Systems by 42.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 475 shares of the industrial products company's stock worth $36,000 after acquiring an additional 141 shares during the period. Allworth Financial LP increased its holdings in shares of Casella Waste Systems by 11.0% in the 3rd quarter. Allworth Financial LP now owns 1,513 shares of the industrial products company's stock worth $115,000 after acquiring an additional 150 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Casella Waste Systems by 1.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,155 shares of the industrial products company's stock worth $828,000 after acquiring an additional 151 shares during the period. Finally, Orion Portfolio Solutions LLC increased its holdings in shares of Casella Waste Systems by 5.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 2,995 shares of the industrial products company's stock worth $229,000 after acquiring an additional 156 shares during the period. 99.51% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems Price Performance

CWST traded down $1.94 on Friday, reaching $95.24. The company had a trading volume of 370,966 shares, compared to its average volume of 257,102. The company has a fifty day moving average of $93.44 and a 200-day moving average of $85.71. The company has a market capitalization of $5.52 billion, a P/E ratio of 211.65, a PEG ratio of 6.18 and a beta of 0.90. The company has a current ratio of 1.53, a quick ratio of 1.46 and a debt-to-equity ratio of 0.99. Casella Waste Systems, Inc. has a one year low of $72.97 and a one year high of $100.29.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its quarterly earnings data on Friday, February 16th. The industrial products company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). Casella Waste Systems had a net margin of 2.01% and a return on equity of 5.81%. The business had revenue of $359.57 million for the quarter, compared to the consensus estimate of $360.08 million. During the same quarter last year, the business posted $0.18 EPS. The business's revenue for the quarter was up 32.1% on a year-over-year basis. As a group, equities research analysts anticipate that Casella Waste Systems, Inc. will post 0.77 earnings per share for the current year.

Insider Activity

In other news, President Edmond Coletta sold 8,271 shares of the firm's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $90.30, for a total transaction of $746,871.30. Following the completion of the transaction, the president now owns 168,556 shares in the company, valued at approximately $15,220,606.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Casella Waste Systems news, President Edmond Coletta sold 8,271 shares of the company's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $90.30, for a total transaction of $746,871.30. Following the completion of the sale, the president now directly owns 168,556 shares of the company's stock, valued at $15,220,606.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John W. Casella sold 1,673 shares of the company's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total transaction of $157,479.49. Following the sale, the chief executive officer now directly owns 35,189 shares of the company's stock, valued at $3,312,340.57. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,238 shares of company stock worth $1,026,395. Corporate insiders own 4.75% of the company's stock.

Analyst Upgrades and Downgrades

CWST has been the topic of a number of analyst reports. StockNews.com raised shares of Casella Waste Systems from a "sell" rating to a "hold" rating in a report on Friday, February 16th. Wells Fargo & Company increased their price objective on shares of Casella Waste Systems from $95.00 to $100.00 and gave the stock an "overweight" rating in a report on Tuesday, February 20th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $99.71.

About Casella Waste Systems

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.