Rockefeller Capital Management L.P. Boosts Holdings in Casella Waste Systems, Inc. $CWST

Rockefeller Capital Management L.P. boosted its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 11.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 188,331 shares of the industrial products company’s stock after purchasing an additional 18,985 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Casella Waste Systems were worth $18,445,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Hilton Head Capital Partners LLC acquired a new position in shares of Casella Waste Systems in the 4th quarter valued at about $25,000. Geneos Wealth Management Inc. grew its holdings in Casella Waste Systems by 301.6% during the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 184 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Casella Waste Systems during the fourth quarter worth about $27,000. EverSource Wealth Advisors LLC raised its position in Casella Waste Systems by 41.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 337 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 98 shares in the last quarter. Finally, Optiver Holding B.V. raised its position in Casella Waste Systems by 280.0% during the third quarter. Optiver Holding B.V. now owns 399 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 294 shares in the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. TD Cowen reissued a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 5th. Barclays raised shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $101.00 to $102.00 in a research note on Monday, May 4th. UBS Group decreased their target price on shares of Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Zacks Research downgraded shares of Casella Waste Systems from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Casella Waste Systems in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Casella Waste Systems has an average rating of “Moderate Buy” and a consensus price target of $111.12.

Casella Waste Systems Stock Performance

Shares of CWST stock opened at $86.18 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.72. Casella Waste Systems, Inc. has a 12-month low of $74.05 and a 12-month high of $118.42. The business’s 50 day moving average is $84.55 and its two-hundred day moving average is $91.90. The company has a market capitalization of $5.48 billion, a P/E ratio of 783.53 and a beta of 0.77.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.10. The business had revenue of $457.33 million during the quarter, compared to analysts’ expectations of $454.49 million. Casella Waste Systems had a return on equity of 5.19% and a net margin of 0.38%.The business’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 earnings per share. Analysts expect that Casella Waste Systems, Inc. will post 1.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other Casella Waste Systems news, CEO Edmond Coletta sold 12,500 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $89.56, for a total transaction of $1,119,500.00. Following the completion of the transaction, the chief executive officer directly owned 140,118 shares in the company, valued at approximately $12,548,968.08. This represents a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael K. Burke sold 2,305 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $87.56, for a total transaction of $201,825.80. Following the transaction, the director owned 14,048 shares of the company’s stock, valued at $1,230,042.88. This represents a 14.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.78% of the stock is currently owned by company insiders.

Casella Waste Systems Profile

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.