Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC increased its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 50.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 17,587 shares of the industrial products company’s stock after buying an additional 5,920 shares during the period. ProShare Advisors LLC’s holdings in Casella Waste Systems were worth $1,861,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mather Group LLC. boosted its position in Casella Waste Systems by 1,606.7% during the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 241 shares during the last quarter. Covestor Ltd boosted its position in Casella Waste Systems by 124.4% during the fourth quarter. Covestor Ltd now owns 276 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 153 shares during the last quarter. Quarry LP acquired a new position in Casella Waste Systems during the fourth quarter worth about $30,000. Jones Financial Companies Lllp boosted its position in Casella Waste Systems by 156.5% during the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 194 shares during the last quarter. Finally, Huntington National Bank raised its stake in Casella Waste Systems by 171.6% during the fourth quarter. Huntington National Bank now owns 364 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 230 shares during the period. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Casella Waste Systems

In related news, SVP Paul Ligon sold 2,000 shares of Casella Waste Systems stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $118.67, for a total value of $237,340.00. Following the completion of the transaction, the senior vice president now owns 20,347 shares in the company, valued at approximately $2,414,578.49. The trade was a 8.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Edmond Coletta sold 5,562 shares of Casella Waste Systems stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $119.18, for a total transaction of $662,879.16. Following the completion of the transaction, the president now owns 150,093 shares of the company’s stock, valued at $17,888,083.74. This trade represents a 3.57% decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.24% of the company’s stock.

Casella Waste Systems Price Performance

Casella Waste Systems stock opened at $116.19 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00. The company has a market capitalization of $7.37 billion, a price-to-earnings ratio of 505.17, a price-to-earnings-growth ratio of 3.86 and a beta of 0.89. The company’s 50 day simple moving average is $113.52 and its 200-day simple moving average is $110.44. Casella Waste Systems, Inc. has a 1 year low of $91.01 and a 1 year high of $121.24.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. The firm had revenue of $417.10 million during the quarter, compared to analysts’ expectations of $403.64 million. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. The business’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 earnings per share. As a group, equities research analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on CWST. William Blair reaffirmed an “outperform” rating on shares of Casella Waste Systems in a research note on Friday, February 14th. TD Cowen began coverage on shares of Casella Waste Systems in a research note on Wednesday, April 9th. They set a “buy” rating and a $130.00 target price on the stock. Stifel Nicolaus lifted their target price on shares of Casella Waste Systems from $127.00 to $129.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Raymond James reaffirmed a “strong-buy” rating on shares of Casella Waste Systems in a research note on Wednesday, April 16th. Finally, Jefferies Financial Group downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating and reduced their target price for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Casella Waste Systems currently has an average rating of “Moderate Buy” and a consensus target price of $122.67.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.