Maven Securities LTD Decreases Holdings in Casella Waste Systems, Inc. $CWST

Maven Securities LTD lowered its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 54.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,835 shares of the industrial products company’s stock after selling 38,243 shares during the period. Maven Securities LTD’s holdings in Casella Waste Systems were worth $3,087,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. increased its stake in Casella Waste Systems by 301.6% in 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 in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in Casella Waste Systems during the fourth quarter worth $25,000. Los Angeles Capital Management LLC purchased a new stake in Casella Waste Systems during the fourth quarter worth $27,000. EverSource Wealth Advisors LLC grew its holdings in Casella Waste Systems by 235.3% in the second quarter. EverSource Wealth Advisors LLC now owns 285 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 200 shares during the last quarter. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in Casella Waste Systems in the second quarter valued at $29,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CWST. Weiss Ratings upgraded Casella Waste Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. JPMorgan Chase & Co. decreased their price objective on shares of Casella Waste Systems from $110.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. UBS Group lowered their price objective on shares of Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday, June 26th. 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. Finally, Barclays upped their price target on shares of Casella Waste Systems from $102.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $109.75.

Casella Waste Systems Stock Performance

NASDAQ CWST opened at $92.07 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.84. Casella Waste Systems, Inc. has a fifty-two week low of $74.05 and a fifty-two week high of $107.96. The business has a fifty day moving average of $93.09 and a 200-day moving average of $88.59. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 1,023.11 and a beta of 0.74.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $543.75 million for the quarter, compared to analyst estimates of $526.43 million. Casella Waste Systems had a return on equity of 5.32% and a net margin of 0.29%.The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 earnings per share. As a group, analysts predict that Casella Waste Systems, Inc. will post 1.24 earnings per share for the current fiscal year.

Insider Transactions at Casella Waste Systems

In other Casella Waste Systems news, Director Michael Burke sold 1,100 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $95.26, for a total transaction of $104,786.00. Following the sale, the director directly owned 13,641 shares of the company’s stock, valued at $1,299,441.66. This trade represents a 7.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas Casella sold 15,157 shares of Casella Waste Systems stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $91.05, for a total transaction of $1,380,044.85. Following the sale, the director owned 91,484 shares of the company’s stock, valued at approximately $8,329,618.20. This trade represents a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 18,700 shares of company stock worth $1,709,494. 3.78% of the stock is owned by insiders.

About Casella Waste Systems

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.