Bessemer Group Inc. held its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) during the second quarter, Holdings Channel reports. The fund owned 65,700 shares of the industrial products company’s stock at the end of the second quarter. Bessemer Group Inc.’s holdings in Casella Waste Systems were worth $1,078,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Casella Waste Systems during the first quarter valued at $144,000. Teza Capital Management LLC bought a new stake in shares of Casella Waste Systems during the first quarter valued at $157,000. Simplex Trading LLC boosted its stake in shares of Casella Waste Systems by 596.4% in the second 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 bought a new stake in shares of Casella Waste Systems during the first quarter valued at $163,000. Finally, Alliancebernstein L.P. bought a new stake in shares of Casella Waste Systems during the first quarter valued at $164,000. Hedge funds and other institutional investors own 76.34% of the company’s stock.

Shares of Casella Waste Systems, Inc. (NASDAQ CWST) opened at 15.84 on Tuesday. Casella Waste Systems, Inc. has a 52 week low of $8.75 and a 52 week high of $17.73. The firm has a 50-day moving average price of $16.62 and a 200 day moving average price of $14.39. The stock’s market cap is $665.85 million.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. Casella Waste Systems had a negative return on equity of 60.26% and a negative net margin of 10.01%. The business had revenue of $154.02 million for the quarter, compared to the consensus estimate of $149.88 million. During the same quarter in the previous year, the company posted $0.12 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. On average, analysts forecast that Casella Waste Systems, Inc. will post $0.57 EPS for the current fiscal year.

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Several research analysts recently weighed in on the stock. Stifel Nicolaus restated a “buy” rating and issued a $16.00 price objective on shares of Casella Waste Systems in a research report on Wednesday, July 19th. BidaskClub upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Zacks Investment Research cut shares of Casella Waste Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Barclays PLC assumed coverage on shares of Casella Waste Systems in a research report on Friday, June 23rd. They issued an “overweight” rating and a $19.00 price objective on the stock. Finally, KeyCorp upped their price objective on shares of Casella Waste Systems from $14.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, May 11th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $16.83.

In other Casella Waste Systems news, Director William P. Hulligan sold 20,000 shares of Casella Waste Systems stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,562,674. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Douglas R. Casella sold 2,166 shares of Casella Waste Systems stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $16.82, for a total value of $36,432.12. Following the completion of the sale, the insider now directly owns 739,613 shares in the company, valued at approximately $12,440,290.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,102 shares of company stock worth $591,106. Corporate insiders own 11.50% of the company’s stock.

About Casella Waste Systems

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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