Schonfeld Strategic Advisors LLC Purchases Shares of 2,630 Casella Waste Systems, Inc. (NASDAQ:CWST)

Schonfeld Strategic Advisors LLC purchased a new position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,630 shares of the industrial products company's stock, valued at approximately $278,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC lifted its position in shares of Casella Waste Systems by 29.0% during the 3rd quarter. Barclays PLC now owns 131,906 shares of the industrial products company's stock worth $13,122,000 after buying an additional 29,686 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Casella Waste Systems by 87.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 78,549 shares of the industrial products company's stock worth $7,815,000 after acquiring an additional 36,573 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in Casella Waste Systems during the fourth quarter worth $58,000. Moody National Bank Trust Division lifted its holdings in shares of Casella Waste Systems by 26.0% during the fourth quarter. Moody National Bank Trust Division now owns 8,476 shares of the industrial products company's stock valued at $897,000 after acquiring an additional 1,748 shares during the period. Finally, Park Avenue Securities LLC boosted its stake in shares of Casella Waste Systems by 17.1% in the 4th quarter. Park Avenue Securities LLC now owns 7,095 shares of the industrial products company's stock valued at $751,000 after purchasing an additional 1,034 shares in the last quarter. Institutional investors own 99.51% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CWST. William Blair reiterated an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Raymond James reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a report on Wednesday, April 16th. TD Cowen initiated coverage on Casella Waste Systems in a report on Wednesday, April 9th. They issued a "buy" rating and a $130.00 target price on the stock. UBS Group increased their price target on Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Finally, Jefferies Financial Group downgraded Casella Waste Systems from a "buy" rating to a "hold" rating and cut their price objective for the company from $115.00 to $113.00 in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $122.67.

Casella Waste Systems Price Performance

Shares of CWST traded up $0.99 during mid-day trading on Friday, hitting $114.52. 442,877 shares of the company traded hands, compared to its average volume of 379,225. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of 497.91, a PEG ratio of 3.86 and a beta of 0.89. The business has a 50-day moving average of $112.96 and a 200 day moving average of $110.05. Casella Waste Systems, Inc. has a one year low of $91.01 and a one year high of $121.24.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.08. The firm had revenue of $417.10 million for the quarter, compared to analyst estimates of $403.64 million. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. The business's quarterly revenue was up 22.3% compared to the same quarter last year. During the same period last year, the company earned $0.15 EPS. As a group, equities analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, President Edmond Coletta sold 5,562 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $119.18, for a total value of $662,879.16. Following the completion of the sale, the president now owns 150,093 shares in the company, valued at approximately $17,888,083.74. This represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Paul Ligon sold 2,000 shares of the stock in a transaction that occurred on 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 sale, the senior vice president now owns 20,347 shares in the company, valued at $2,414,578.49. This represents a 8.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.24% of the company's stock.

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.