Casella Waste Systems, Inc. (CWST) Position Increased by Macquarie Group Ltd.
Macquarie Group Ltd. lifted its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 51.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,550,003 shares of the industrial products company’s stock after buying an additional 525,459 shares during the period. Macquarie Group Ltd. owned about 3.69% of Casella Waste Systems worth $29,140,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted 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 during the period. Cubist Systematic Strategies LLC acquired a new position in Casella Waste Systems in the 2nd quarter worth $186,000. Alliancebernstein L.P. acquired a new position in Casella Waste Systems in the 1st quarter worth $164,000. Tudor Investment Corp ET AL boosted its stake in Casella Waste Systems by 24.5% in the 2nd quarter. Tudor Investment Corp ET AL now owns 13,374 shares of the industrial products company’s stock worth $219,000 after purchasing an additional 2,633 shares during the period. Finally, Voya Investment Management LLC acquired a new position in Casella Waste Systems in the 2nd quarter worth $274,000. Institutional investors and hedge funds own 80.92% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Casella Waste Systems from a “sell” rating to a “hold” rating and set a $22.00 target price for the company in a research note on Tuesday, November 7th. KeyCorp restated a “buy” rating on shares of Casella Waste Systems in a research note on Friday, November 3rd. Stifel Nicolaus downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a research note on Wednesday, October 4th. Finally, BidaskClub upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $17.50.
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Casella Waste Systems, Inc. (NASDAQ CWST) opened at $19.36 on Friday. Casella Waste Systems, Inc. has a one year low of $11.15 and a one year high of $20.90. The company has a debt-to-equity ratio of -7.91, a quick ratio of 0.91 and a current ratio of 0.98. The company has a market cap of $813.95, a PE ratio of 31.74 and a beta of 0.69.
Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. Casella Waste Systems had a negative net margin of 9.09% and a negative return on equity of 56.99%. The company had revenue of $160.27 million during the quarter, compared to the consensus estimate of $154.61 million. During the same period in the prior year, the business posted $0.18 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. research analysts anticipate that Casella Waste Systems, Inc. will post 0.64 earnings per share for the current year.
In related news, CEO John W. Casella sold 62,433 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $19.31, for a total value of $1,205,581.23. Following the completion of the sale, the chief executive officer now directly owns 472,112 shares in the company, valued at approximately $9,116,482.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edmond Coletta sold 7,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $20.01, for a total transaction of $140,070.00. Following the completion of the sale, the insider now owns 164,589 shares of the company’s stock, valued at $3,293,425.89. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 103,433 shares of company stock valued at $1,960,021. Company insiders own 11.50% of the company’s stock.
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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