Bessemer Group Inc. Sells 15,200 Shares of Casella Waste Systems Inc. (CWST)
Bessemer Group Inc. reduced its stake in shares of Casella Waste Systems Inc. (NASDAQ:CWST) by 23.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 50,500 shares of the industrial products company’s stock after selling 15,200 shares during the period. Bessemer Group Inc.’s holdings in Casella Waste Systems were worth $1,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. bought a new position in shares of Casella Waste Systems in the fourth quarter worth $7,653,000. Boston Advisors LLC grew its stake in shares of Casella Waste Systems by 31.0% in the fourth quarter. Boston Advisors LLC now owns 319,850 shares of the industrial products company’s stock worth $7,363,000 after purchasing an additional 75,630 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Casella Waste Systems by 1.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 197,032 shares of the industrial products company’s stock worth $4,536,000 after purchasing an additional 2,458 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Casella Waste Systems by 15.7% in the third quarter. California Public Employees Retirement System now owns 128,899 shares of the industrial products company’s stock worth $2,423,000 after purchasing an additional 17,499 shares in the last quarter. Finally, Asset Management One Co. Ltd. bought a new position in shares of Casella Waste Systems in the third quarter worth $4,529,000. Hedge funds and other institutional investors own 79.64% of the company’s stock.
Shares of Casella Waste Systems Inc. (NASDAQ CWST) opened at $24.35 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of -7.91. The firm has a market capitalization of $1,020.00, a price-to-earnings ratio of -18.73 and a beta of 0.79. Casella Waste Systems Inc. has a twelve month low of $11.15 and a twelve month high of $27.38.
In other news, VP Christopher Heald sold 1,500 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $20.25, for a total value of $30,375.00. Following the completion of the sale, the vice president now owns 71,451 shares in the company, valued at $1,446,882.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Edmond Coletta sold 13,000 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $19.60, for a total value of $254,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,591 shares of company stock valued at $2,682,077. Insiders own 11.47% of the company’s stock.
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Casella Waste Systems Company 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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