Bank of New York Mellon Corp decreased its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 407,431 shares of the industrial products company’s stock after selling 6,810 shares during the period. Bank of New York Mellon Corp owned 0.97% of Casella Waste Systems worth $6,686,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CWST. Renaissance Technologies LLC boosted its position in Casella Waste Systems by 36.6% during the 1st quarter. Renaissance Technologies LLC now owns 2,322,342 shares of the industrial products company’s stock valued at $32,768,000 after purchasing an additional 622,381 shares during the period. Dimensional Fund Advisors LP grew its stake in Casella Waste Systems by 6.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,908,035 shares of the industrial products company’s stock worth $26,922,000 after buying an additional 118,141 shares during the last quarter. Vanguard Group Inc. increased its position in Casella Waste Systems by 8.1% in the first quarter. Vanguard Group Inc. now owns 1,552,722 shares of the industrial products company’s stock worth $21,910,000 after buying an additional 116,870 shares during the period. Walthausen & Co. LLC increased its position in Casella Waste Systems by 8.2% in the first quarter. Walthausen & Co. LLC now owns 983,490 shares of the industrial products company’s stock worth $13,877,000 after buying an additional 74,330 shares during the period. Finally, Rutabaga Capital Management LLC MA increased its position in Casella Waste Systems by 1.9% in the first quarter. Rutabaga Capital Management LLC MA now owns 834,898 shares of the industrial products company’s stock worth $11,780,000 after buying an additional 15,750 shares during the period. 77.40% of the stock is currently owned by institutional investors and hedge funds.

Casella Waste Systems, Inc. (NASDAQ:CWST) opened at 18.80 on Monday. The stock’s 50 day moving average price is $16.80 and its 200 day moving average price is $15.37. The firm’s market capitalization is $790.28 million. Casella Waste Systems, Inc. has a 12 month low of $10.16 and a 12 month high of $19.13.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Wednesday, August 2nd. The industrial products company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $154.02 million for the quarter, compared to the consensus estimate of $149.88 million. Casella Waste Systems had a negative return on equity of 60.26% and a negative net margin of 10.01%. Casella Waste Systems’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 EPS. On average, analysts forecast that Casella Waste Systems, Inc. will post $0.61 earnings per share for the current year.

In other Casella Waste Systems news, Director Michael K. Burke sold 31,500 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $17.93, for a total value of $564,795.00. Following the transaction, the director now owns 116,514 shares of the company’s stock, valued at $2,089,096.02. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William P. Hulligan sold 20,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $16.15, for a total value of $323,000.00. Following the sale, the director now owns 96,760 shares in the company, valued at approximately $1,562,674. The disclosure for this sale can be found here. Company insiders own 11.50% of the company’s stock.

A number of research firms have issued reports on CWST. Zacks Investment Research cut Casella Waste Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Stifel Nicolaus reissued a “buy” rating and set a $16.00 price target on shares of Casella Waste Systems in a report on Wednesday, July 19th. BidaskClub lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Barclays PLC assumed coverage on shares of Casella Waste Systems in a research report on Friday, June 23rd. They set an “overweight” rating and a $19.00 price target for the company. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $16.83.

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Casella Waste Systems Profile

Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment.

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Institutional Ownership by Quarter for Casella Waste Systems (NASDAQ:CWST)

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