Silvercrest Asset Management Group LLC Sells 25,877 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Silvercrest Asset Management Group LLC decreased its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,239,768 shares of the industrial products company's stock after selling 25,877 shares during the period. Casella Waste Systems accounts for about 0.9% of Silvercrest Asset Management Group LLC's investment portfolio, making the stock its 12th largest position. Silvercrest Asset Management Group LLC owned about 1.96% of Casella Waste Systems worth $131,180,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CWST. Barclays PLC raised its position in shares of Casella Waste Systems by 29.0% during the third quarter. Barclays PLC now owns 131,906 shares of the industrial products company's stock valued at $13,122,000 after buying an additional 29,686 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of Casella Waste Systems by 17.1% during the fourth quarter. Park Avenue Securities LLC now owns 7,095 shares of the industrial products company's stock valued at $751,000 after buying an additional 1,034 shares during the last quarter. Yarbrough Capital LLC bought a new stake in shares of Casella Waste Systems during the fourth quarter valued at approximately $347,000. Integrated Investment Consultants LLC raised its position in shares of Casella Waste Systems by 2.2% during the fourth quarter. Integrated Investment Consultants LLC now owns 7,607 shares of the industrial products company's stock valued at $805,000 after buying an additional 165 shares during the last quarter. Finally, Harbor Investment Advisory LLC raised its position in shares of Casella Waste Systems by 30.2% during the fourth quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company's stock valued at $84,000 after buying an additional 185 shares during the last quarter. Institutional investors own 99.51% of the company's stock.

Insider Activity

In related news, President Edmond Coletta sold 5,562 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were 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 directly owns 150,093 shares of the company's stock, valued at $17,888,083.74. This represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Paul Ligon sold 2,000 shares of the company's stock in a transaction dated Wednesday, April 16th. The stock was 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 directly owns 20,347 shares of the company's stock, valued at approximately $2,414,578.49. This trade represents a 8.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.24% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CWST shares. Jefferies Financial Group cut shares of Casella Waste Systems from a "buy" rating to a "hold" rating and reduced their price target for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Stifel Nicolaus boosted their price target on shares of Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. TD Cowen started coverage on shares of Casella Waste Systems in a research report on Wednesday, April 9th. They issued a "buy" rating and a $130.00 price target on the stock. Finally, Raymond James restated a "strong-buy" rating on shares of Casella Waste Systems in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $122.67.

Casella Waste Systems Trading Up 1.2%

Shares of CWST traded up $1.43 during trading hours on Monday, reaching $115.95. 381,961 shares of the company traded hands, compared to its average volume of 381,198. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 504.13, a PEG ratio of 3.86 and a beta of 0.89. Casella Waste Systems, Inc. has a 12-month low of $91.01 and a 12-month high of $121.24. 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's fifty day moving average price is $113.32 and its 200 day moving average price is $110.40.

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

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.