Federated Hermes Inc. bought a new position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,935 shares of the industrial products company's stock, valued at approximately $1,105,000.
Other hedge funds have also modified their holdings of the company. Operose Advisors LLC bought a new stake in Casella Waste Systems during the 3rd quarter worth approximately $25,000. NBC Securities Inc. bought a new position in Casella Waste Systems in the 3rd quarter valued at $26,000. Headlands Technologies LLC bought a new position in Casella Waste Systems in the 3rd quarter valued at $26,000. Millburn Ridgefield Corp bought a new position in Casella Waste Systems in the 3rd quarter valued at $27,000. Finally, Catalyst Capital Advisors LLC bought a new position in Casella Waste Systems in the 3rd quarter valued at $27,000. 99.51% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, President Edmond Coletta sold 733 shares of the firm's stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $94.31, for a total transaction of $69,129.23. Following the sale, the president now owns 170,486 shares of the company's stock, valued at approximately $16,078,534.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Casella Waste Systems news, CEO John W. Casella sold 1,673 shares of Casella Waste Systems stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $94.13, for a total value of $157,479.49. Following the sale, the chief executive officer now owns 35,189 shares of the company's stock, valued at approximately $3,312,340.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Edmond Coletta sold 733 shares of Casella Waste Systems stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $94.31, for a total value of $69,129.23. Following the completion of the sale, the president now directly owns 170,486 shares in the company, valued at approximately $16,078,534.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,238 shares of company stock valued at $1,026,395. 4.75% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of brokerages have commented on CWST. Wells Fargo & Company increased their price objective on Casella Waste Systems from $95.00 to $100.00 and gave the company an "overweight" rating in a research report on Tuesday, February 20th. StockNews.com upgraded Casella Waste Systems from a "sell" rating to a "hold" rating in a research report on Friday, February 16th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $99.71.
Get Our Latest Research Report on CWST
Casella Waste Systems Trading Down 0.2 %
Shares of NASDAQ:CWST traded down $0.22 during midday trading on Wednesday, hitting $90.18. The company had a trading volume of 228,407 shares, compared to its average volume of 289,252. Casella Waste Systems, Inc. has a 12 month low of $72.97 and a 12 month high of $100.29. The company has a current ratio of 1.58, a quick ratio of 1.46 and a debt-to-equity ratio of 0.96. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of 288.35, a PEG ratio of 5.91 and a beta of 0.90. The firm has a fifty day simple moving average of $94.34 and a 200 day simple moving average of $87.10.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its quarterly earnings results on Friday, April 26th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The business had revenue of $341.00 million for the quarter, compared to analyst estimates of $340.70 million. Casella Waste Systems had a return on equity of 4.47% and a net margin of 1.32%. The firm's revenue was up 29.9% on a year-over-year basis. During the same period last year, the company earned $0.10 EPS. On average, analysts predict that Casella Waste Systems, Inc. will post 0.77 EPS for the current year.
Casella Waste Systems Company Profile
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Free Report)
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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