Kennedy Capital Management LLC Has $19.50 Million Holdings in Casella Waste Systems, Inc. $CWST

Kennedy Capital Management LLC raised its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 42.4% in the third quarter, Holdings Channel reports. The firm owned 205,569 shares of the industrial products company’s stock after buying an additional 61,187 shares during the period. Kennedy Capital Management LLC’s holdings in Casella Waste Systems were worth $19,504,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Geneos Wealth Management Inc. increased its holdings in Casella Waste Systems by 301.6% in the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after buying an additional 184 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Casella Waste Systems by 235.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 285 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 200 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Casella Waste Systems by 180.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 191 shares in the last quarter. First Horizon Corp acquired a new stake in shares of Casella Waste Systems in the 3rd quarter valued at $31,000. Finally, Optiver Holding B.V. lifted its stake in shares of Casella Waste Systems by 280.0% in the 3rd quarter. Optiver Holding B.V. now owns 399 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 294 shares during the last quarter. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Stock Performance

Shares of NASDAQ:CWST traded down $1.11 during midday trading on Friday, hitting $89.57. The company’s stock had a trading volume of 148,147 shares, compared to its average volume of 747,742. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 746.29 and a beta of 0.80. The stock’s 50 day simple moving average is $100.04 and its 200 day simple moving average is $95.50. Casella Waste Systems, Inc. has a fifty-two week low of $82.22 and a fifty-two week high of $121.24. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Thursday, February 19th. The industrial products company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.08. The business had revenue of $469.06 million during the quarter, compared to analysts’ expectations of $471.32 million. Casella Waste Systems had a return on equity of 5.17% and a net margin of 0.43%.The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS. As a group, research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Insider Activity

In other news, CEO John W. Casella sold 6,726 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $93.10, for a total value of $626,190.60. Following the sale, the chief executive officer owned 27,989 shares in the company, valued at approximately $2,605,775.90. This trade represents a 19.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Edmond Coletta sold 3,812 shares of the company’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $93.70, for a total transaction of $357,184.40. Following the transaction, the president owned 147,091 shares of the company’s stock, valued at approximately $13,782,426.70. The trade was a 2.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 11,213 shares of company stock valued at $1,045,887. 3.81% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on CWST. Barclays increased their target price on shares of Casella Waste Systems from $95.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Raymond James Financial reiterated a “strong-buy” rating and set a $115.00 price target on shares of Casella Waste Systems in a research note on Monday, February 23rd. Weiss Ratings lowered Casella Waste Systems from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, February 23rd. Zacks Research raised Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Finally, UBS Group decreased their target price on Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Casella Waste Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.11.

About Casella Waste Systems

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.