Teachers Retirement System of The State of Kentucky Has $1.23 Million Stock Holdings in Casella Waste Systems, Inc. $CWST

Teachers Retirement System of The State of Kentucky decreased its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 32.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,500 shares of the industrial products company’s stock after selling 7,341 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Casella Waste Systems were worth $1,230,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CWST. Geneos Wealth Management Inc. lifted its position in Casella Waste Systems by 301.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 184 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in shares of Casella Waste Systems during the 4th quarter worth approximately $25,000. Los Angeles Capital Management LLC acquired a new stake in shares of Casella Waste Systems during the 4th quarter worth approximately $27,000. EverSource Wealth Advisors LLC raised its stake in shares of Casella Waste Systems by 235.3% during the second quarter. EverSource Wealth Advisors LLC now owns 285 shares of the industrial products company’s stock worth $33,000 after buying an additional 200 shares during the last quarter. Finally, SHP Wealth Management bought a new stake in shares of Casella Waste Systems during the fourth quarter worth approximately $43,000. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CWST. TD Cowen reaffirmed a “buy” rating on shares of Casella Waste Systems in a research note on Friday, June 5th. Zacks Research upgraded shares of Casella Waste Systems from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 8th. Barclays raised Casella Waste Systems from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $101.00 to $102.00 in a research note on Monday, May 4th. UBS Group reduced their price target on Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Casella Waste Systems in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.12.

Casella Waste Systems Price Performance

CWST opened at $96.31 on Thursday. The stock has a market cap of $6.13 billion, a P/E ratio of 875.63 and a beta of 0.74. Casella Waste Systems, Inc. has a 12 month low of $74.05 and a 12 month high of $111.80. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.72. The company has a fifty day simple moving average of $89.31 and a 200 day simple moving average of $91.59.

Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Thursday, April 30th. The industrial products company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.10. Casella Waste Systems had a return on equity of 5.19% and a net margin of 0.38%.The firm had revenue of $457.33 million for the quarter, compared to analyst estimates of $454.49 million. During the same period in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, research analysts expect that Casella Waste Systems, Inc. will post 1.13 EPS for the current year.

Insider Activity at Casella Waste Systems

In related news, Director Michael K. Burke sold 2,305 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 14,048 shares of the company’s stock, valued at approximately $1,230,042.88. This represents a 14.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Edmond Coletta sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $89.56, for a total transaction of $1,119,500.00. Following the sale, the chief executive officer owned 140,118 shares in the company, valued at $12,548,968.08. This trade represents a 8.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.78% of the stock is currently owned by insiders.

Casella Waste Systems Company 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.