California Public Employees Retirement System held its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,400 shares of the industrial products company’s stock at the end of the 2nd quarter. California Public Employees Retirement System owned 0.27% of Casella Waste Systems worth $1,828,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CWST. BNP Paribas Arbitrage SA raised its stake in Casella Waste Systems by 206.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,309 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 4,922 shares in the last quarter. Simplex Trading LLC raised its position in shares of Casella Waste Systems by 596.4% in the 2nd quarter. Simplex Trading LLC now owns 9,931 shares of the industrial products company’s stock valued at $162,000 after buying an additional 8,505 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of Casella Waste Systems in the 1st quarter valued at approximately $163,000. Alliancebernstein L.P. acquired a new position in shares of Casella Waste Systems in the 1st quarter valued at approximately $164,000. Finally, SG Americas Securities LLC acquired a new position in shares of Casella Waste Systems in the 1st quarter valued at approximately $194,000. Institutional investors and hedge funds own 77.14% of the company’s stock.

Casella Waste Systems, Inc. (NASDAQ:CWST) opened at $19.34 on Friday. The company has a debt-to-equity ratio of -6.67, a quick ratio of 0.99 and a current ratio of 1.06. The stock has a market cap of $869.28 million, a PE ratio of 33.90 and a beta of 0.69.

Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Wednesday, November 1st. The industrial products company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The company had revenue of $160.27 million for the quarter, compared to analyst estimates of $154.61 million. Casella Waste Systems had a negative net margin of 9.09% and a negative return on equity of 63.87%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the business posted $0.18 earnings per share. equities research analysts expect that Casella Waste Systems, Inc. will post 0.56 earnings per share for the current year.

Several equities research analysts recently issued reports on the stock. KeyCorp reaffirmed a “buy” rating on shares of Casella Waste Systems in a report on Friday. Zacks Investment Research raised shares of Casella Waste Systems from a “sell” rating to a “hold” rating and set a $18.00 target price on the stock in a report on Friday, August 4th. Stifel Nicolaus reissued a “buy” rating and set a $19.00 target price on shares of Casella Waste Systems in a report on Friday, July 28th. Finally, BidaskClub raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Casella Waste Systems currently has a consensus rating of “Hold” and a consensus target price of $16.83.

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In other news, Director Michael K. Burke sold 31,500 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $17.93, for a total transaction of $564,795.00. Following the completion of the sale, the director now owns 116,514 shares of the company’s stock, valued at $2,089,096.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $323,000.00. Following the sale, the director now directly owns 96,760 shares of the company’s stock, 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.

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

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