Illinois Municipal Retirement Fund Purchases New Position in Casella Waste Systems, Inc. $CWST

Illinois Municipal Retirement Fund purchased a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 33,502 shares of the industrial products company’s stock, valued at approximately $2,658,000.

A number of other institutional investors also recently bought and sold shares of CWST. Geneos Wealth Management Inc. lifted its holdings in Casella Waste Systems by 301.6% in the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after buying an additional 184 shares during the period. Hilton Head Capital Partners LLC purchased a new position in shares of Casella Waste Systems during the 4th quarter worth approximately $25,000. Los Angeles Capital Management LLC bought a new position in shares of Casella Waste Systems in the 4th quarter worth approximately $27,000. EverSource Wealth Advisors LLC raised its position in shares of Casella Waste Systems by 235.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 285 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 200 shares in the last quarter. Finally, SHP Wealth Management purchased a new position in shares of Casella Waste Systems in the 4th quarter valued at approximately $43,000. 99.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CWST shares. TD Cowen restated a “buy” rating on shares of Casella Waste Systems in a research report on Friday, June 5th. UBS Group decreased their price objective on Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating for the company in a report on Friday, June 26th. Barclays raised Casella Waste Systems from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $101.00 to $102.00 in a research report on Monday, May 4th. Weiss Ratings restated a “sell (d)” rating on shares of Casella Waste Systems in a report on Friday, May 22nd. Finally, Zacks Research raised shares of Casella Waste Systems from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Casella Waste Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.12.

Insider Buying and Selling at Casella Waste Systems

In other news, Director Michael K. Burke sold 2,305 shares of the firm’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 completion of the transaction, the director directly owned 14,048 shares in the company, valued at $1,230,042.88. This trade represents a 14.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edmond Coletta sold 12,500 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $89.56, for a total value of $1,119,500.00. Following the transaction, the chief executive officer owned 140,118 shares of the company’s stock, valued at $12,548,968.08. The trade was a 8.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 3.78% of the company’s stock.

Casella Waste Systems Price Performance

CWST stock opened at $95.70 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a 50 day moving average price of $89.80 and a 200-day moving average price of $91.54. Casella Waste Systems, Inc. has a 52-week low of $74.05 and a 52-week high of $111.48. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 870.08 and a beta of 0.74.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly 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 company had revenue of $457.33 million for the quarter, compared to the consensus estimate of $454.49 million. During the same quarter in the prior year, the business posted $0.19 EPS. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities research analysts forecast that Casella Waste Systems, Inc. will post 1.06 EPS for the current fiscal year.

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.