Maven Securities LTD Acquires Shares of 23,133 Casella Waste Systems, Inc. $CWST

Maven Securities LTD acquired a new stake in Casella Waste Systems, Inc. (NASDAQ:CWST) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 23,133 shares of the industrial products company’s stock, valued at approximately $2,266,000.

A number of other hedge funds have also recently bought and sold shares of CWST. Pictet Asset Management Holding SA boosted its position in Casella Waste Systems by 10,865.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 990,651 shares of the industrial products company’s stock valued at $97,040,000 after buying an additional 981,617 shares during the last quarter. State Street Corp boosted its position in Casella Waste Systems by 60.7% in the 4th quarter. State Street Corp now owns 2,306,780 shares of the industrial products company’s stock valued at $225,926,000 after buying an additional 871,761 shares during the last quarter. Alliancebernstein L.P. boosted its position in Casella Waste Systems by 1,106.7% in the 2nd quarter. Alliancebernstein L.P. now owns 867,285 shares of the industrial products company’s stock valued at $100,067,000 after buying an additional 795,414 shares during the last quarter. UBS Group AG boosted its position in Casella Waste Systems by 653.2% in the 4th quarter. UBS Group AG now owns 841,897 shares of the industrial products company’s stock valued at $82,455,000 after buying an additional 730,128 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Casella Waste Systems by 9.7% in the 4th quarter. Vanguard Group Inc. now owns 6,574,893 shares of the industrial products company’s stock worth $643,945,000 after purchasing an additional 581,310 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of Casella Waste Systems in a research report on Friday, May 22nd. JPMorgan Chase & Co. reduced their price target on Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Raymond James Financial restated a “strong-buy” rating and issued a $115.00 price target on shares of Casella Waste Systems in a research report on Monday, February 23rd. UBS Group reduced their price target on Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Finally, Zacks Research lowered Casella Waste Systems from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $111.13.

Insider Buying and Selling at Casella Waste Systems

In related news, Director Michael K. Burke sold 2,305 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $87.56, for a total transaction of $201,825.80. Following the sale, the director owned 14,048 shares of the company’s stock, valued at approximately $1,230,042.88. This trade represents a 14.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Edmond Coletta sold 12,500 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $89.56, for a total value of $1,119,500.00. Following the sale, the chief executive officer directly owned 140,118 shares in the company, valued at $12,548,968.08. The trade was a 8.19% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 3.78% of the company’s stock.

Casella Waste Systems Price Performance

NASDAQ:CWST opened at $89.37 on Monday. Casella Waste Systems, Inc. has a 12-month low of $74.05 and a 12-month high of $118.91. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $5.68 billion, a P/E ratio of 812.53 and a beta of 0.77. The stock’s fifty day simple moving average is $84.57 and its 200-day simple moving average is $92.39.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.10 by $0.10. The business had revenue of $457.33 million for the quarter, compared to the consensus estimate of $454.49 million. Casella Waste Systems had a return on equity of 5.19% and a net margin of 0.38%.The firm’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 EPS. Equities research analysts expect that Casella Waste Systems, Inc. will post 1.12 earnings per share for the current year.

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.