Forte Capital LLC ADV Trims Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Forte Capital LLC ADV decreased its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 2.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,975 shares of the industrial products company’s stock after selling 175 shares during the quarter. Forte Capital LLC ADV’s holdings in Casella Waste Systems were worth $596,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Operose Advisors LLC purchased a new position in Casella Waste Systems in the 3rd quarter worth approximately $25,000. Headlands Technologies LLC purchased a new position in shares of Casella Waste Systems during the 3rd quarter worth about $26,000. NBC Securities Inc. bought a new position in Casella Waste Systems during the 3rd quarter valued at about $26,000. Millburn Ridgefield Corp bought a new stake in Casella Waste Systems in the third quarter worth about $27,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Casella Waste Systems during the third quarter valued at approximately $27,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Stock Up 0.1 %

Shares of CWST traded up $0.07 during mid-day trading on Friday, hitting $91.62. 232,339 shares of the company traded hands, compared to its average volume of 256,572. The business has a 50 day moving average of $94.32 and a 200 day moving average of $87.24. The company has a market capitalization of $5.31 billion, a PE ratio of 295.55, a price-to-earnings-growth ratio of 5.79 and a beta of 0.92. The company has a quick ratio of 1.46, a current ratio of 1.58 and a debt-to-equity ratio of 0.96. Casella Waste Systems, Inc. has a 1-year low of $72.97 and a 1-year high of $100.29.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Friday, April 26th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $341.00 million during the quarter, compared to analysts’ expectations of $340.70 million. Casella Waste Systems had a net margin of 1.32% and a return on equity of 4.47%. The business’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter last year, the company posted $0.10 earnings per share. Equities research analysts anticipate that Casella Waste Systems, Inc. will post 0.79 EPS for the current year.

Wall Street Analysts Forecast Growth

CWST has been the subject of a number of research analyst reports. StockNews.com raised Casella Waste Systems from a “sell” rating to a “hold” rating in a research note on Friday, February 16th. Wells Fargo & Company lifted their target price on Casella Waste Systems from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 20th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $101.50.

Insider Buying and Selling at Casella Waste Systems

In other news, CEO John W. Casella sold 1,673 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $94.13, for a total value of $157,479.49. Following the completion of the transaction, the chief executive officer now directly owns 35,189 shares in the company, valued at $3,312,340.57. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Casella Waste Systems news, President Edmond Coletta sold 733 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $94.31, for a total value of $69,129.23. Following the sale, the president now owns 170,486 shares in the company, valued at approximately $16,078,534.66. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO John W. Casella sold 1,673 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total transaction of $157,479.49. Following the completion of the transaction, the chief executive officer now owns 35,189 shares of the company’s stock, valued at $3,312,340.57. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,238 shares of company stock worth $1,026,395. 4.24% of the stock is currently owned by insiders.

Casella Waste Systems 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.