Russell Investments Group Ltd. trimmed its position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 10.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 149,482 shares of the industrial products company's stock after selling 17,220 shares during the quarter. Russell Investments Group Ltd. owned 0.26% of Casella Waste Systems worth $12,775,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in CWST. Operose Advisors LLC purchased a new position in shares of Casella Waste Systems in the 3rd quarter valued at $25,000. NBC Securities Inc. purchased a new stake in shares of Casella Waste Systems during the third quarter valued at about $26,000. Headlands Technologies LLC bought a new stake in shares of Casella Waste Systems in the 3rd quarter valued at about $26,000. Millburn Ridgefield Corp purchased a new position in shares of Casella Waste Systems in the 3rd quarter worth approximately $27,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Casella Waste Systems during the 3rd quarter worth approximately $27,000. Institutional investors own 99.51% of the company's stock.
Casella Waste Systems Stock Performance
Shares of CWST traded up $0.07 during trading hours on Friday, reaching $91.62. 232,339 shares of the company traded hands, compared to its average volume of 256,572. The company has a quick ratio of 1.46, a current ratio of 1.58 and a debt-to-equity ratio of 0.96. The business has a fifty day moving average price of $94.32 and a 200-day moving average price of $87.29. Casella Waste Systems, Inc. has a 12-month low of $72.97 and a 12-month high of $100.29. The stock has a market capitalization of $5.31 billion, a P/E ratio of 295.55, a P/E/G ratio of 5.80 and a beta of 0.92.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.01. Casella Waste Systems had a return on equity of 4.47% and a net margin of 1.32%. The business had revenue of $341.00 million for the quarter, compared to analyst estimates of $340.70 million. During the same period in the prior year, the company earned $0.10 earnings per share. The company's revenue was up 29.9% on a year-over-year basis. Equities analysts anticipate that Casella Waste Systems, Inc. will post 0.79 EPS for the current fiscal year.
Insider Buying and Selling at Casella Waste Systems
In other Casella Waste Systems news, President Edmond Coletta sold 733 shares of the company's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $94.31, for a total value of $69,129.23. Following the sale, the president now directly owns 170,486 shares of the company's stock, valued at $16,078,534.66. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO John W. Casella sold 1,673 shares of the firm's stock in a transaction on 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 owns 35,189 shares in the company, valued at $3,312,340.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Edmond Coletta sold 733 shares of the company's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $94.31, for a total transaction of $69,129.23. Following the completion of the transaction, the president now owns 170,486 shares of the company's stock, valued at approximately $16,078,534.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,238 shares of company stock worth $1,026,395. Company insiders own 4.24% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on CWST shares. StockNews.com raised Casella Waste Systems from a "sell" rating to a "hold" rating in a research report on Friday, February 16th. Wells Fargo & Company upped their target price 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. One 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's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $101.50.
View Our Latest Analysis on CWST
About Casella Waste Systems
(
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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