209,700 Shares in Casella Waste Systems, Inc. (NASDAQ:CWST) Acquired by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. purchased a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 209,700 shares of the industrial products company's stock, valued at approximately $17,921,000. Casella Waste Systems accounts for approximately 1.4% of Global Alpha Capital Management Ltd.'s portfolio, making the stock its 27th largest position. Global Alpha Capital Management Ltd. owned 0.36% of Casella Waste Systems at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Impax Asset Management Group plc bought a new stake in Casella Waste Systems during the 4th quarter valued at about $5,128,000. WCM Investment Management LLC increased its stake in Casella Waste Systems by 8.7% during the 4th quarter. WCM Investment Management LLC now owns 227,195 shares of the industrial products company's stock valued at $19,543,000 after purchasing an additional 18,216 shares in the last quarter. TimesSquare Capital Management LLC increased its stake in Casella Waste Systems by 18.5% during the 3rd quarter. TimesSquare Capital Management LLC now owns 946,497 shares of the industrial products company's stock valued at $72,218,000 after purchasing an additional 147,805 shares in the last quarter. Jennison Associates LLC increased its stake in Casella Waste Systems by 9.0% during the 4th quarter. Jennison Associates LLC now owns 405,230 shares of the industrial products company's stock valued at $34,631,000 after purchasing an additional 33,528 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Casella Waste Systems during the 3rd quarter valued at about $1,705,000. 99.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Casella Waste Systems

In related news, President Edmond Coletta sold 8,271 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $15,220,606.80. 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 that occurred 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 transaction, the chief executive officer now owns 35,189 shares of the company's stock, valued at $3,312,340.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Edmond Coletta sold 8,271 shares of Casella Waste Systems stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $90.30, for a total transaction of $746,871.30. Following the transaction, the president now directly owns 168,556 shares in the company, valued at approximately $15,220,606.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,238 shares of company stock worth $1,026,395. 4.24% of the stock is owned by company insiders.

Casella Waste Systems Stock Performance

NASDAQ CWST traded down $1.45 during trading hours on Tuesday, hitting $98.81. 296,859 shares of the company's stock traded hands, compared to its average volume of 278,523. The business's fifty day moving average price is $95.42 and its two-hundred day moving average price is $89.03. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $5.73 billion, a P/E ratio of 323.42, a P/E/G ratio of 6.23 and a beta of 0.92. Casella Waste Systems, Inc. has a 52 week low of $72.97 and a 52 week high of $100.42.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its earnings results on Friday, April 26th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $341.00 million during the quarter, compared to analyst estimates of $340.70 million. Casella Waste Systems had a net margin of 1.32% and a return on equity of 4.47%. The firm's quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 earnings per share. Equities research analysts predict that Casella Waste Systems, Inc. will post 0.79 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CWST shares. Wells Fargo & Company lifted their price target on shares of Casella Waste Systems from $95.00 to $100.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 20th. StockNews.com upgraded shares of Casella Waste Systems from a "sell" rating to a "hold" rating in a research note 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.com, Casella Waste Systems currently has an average rating of "Buy" and a consensus price target of $101.20.

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.