Northern Trust Corp lifted its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 453,612 shares of the industrial products company’s stock after buying an additional 4,516 shares during the period. Northern Trust Corp owned approximately 1.08% of Casella Waste Systems worth $7,444,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. New York State Common Retirement Fund boosted its position in shares of Casella Waste Systems by 11.1% in the second quarter. New York State Common Retirement Fund now owns 40,100 shares of the industrial products company’s stock worth $658,000 after buying an additional 3,999 shares during the period. Nationwide Fund Advisors boosted its position in shares of Casella Waste Systems by 104.5% in the second quarter. Nationwide Fund Advisors now owns 117,208 shares of the industrial products company’s stock worth $1,923,000 after buying an additional 59,881 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Casella Waste Systems by 52.5% in the second quarter. TIAA CREF Investment Management LLC now owns 279,743 shares of the industrial products company’s stock worth $4,591,000 after buying an additional 96,285 shares during the period. Teachers Advisors LLC boosted its position in shares of Casella Waste Systems by 2.6% in the second quarter. Teachers Advisors LLC now owns 72,443 shares of the industrial products company’s stock worth $1,189,000 after buying an additional 1,821 shares during the period. Finally, Alliancebernstein L.P. boosted its position in shares of Casella Waste Systems by 298.3% in the second quarter. Alliancebernstein L.P. now owns 46,200 shares of the industrial products company’s stock worth $758,000 after buying an additional 34,600 shares during the period. 77.17% of the stock is owned by institutional investors.

Casella Waste Systems, Inc. (NASDAQ CWST) opened at $19.38 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of -7.91. Casella Waste Systems, Inc. has a one year low of $11.15 and a one year high of $20.90. The company has a market capitalization of $814.79, a PE ratio of 31.77 and a beta of 0.69.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Casella Waste Systems had a negative return on equity of 56.99% and a negative net margin of 9.09%. The business had revenue of $160.27 million for the quarter, compared to analysts’ expectations of $154.61 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year. analysts forecast that Casella Waste Systems, Inc. will post 0.64 EPS for the current year.

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $16.00 target price on shares of Casella Waste Systems in a research report on Wednesday, July 19th. Zacks Investment Research downgraded Casella Waste Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. KeyCorp reaffirmed a “buy” rating on shares of Casella Waste Systems in a research report on Friday, November 3rd. Finally, BidaskClub downgraded Casella Waste Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $17.50.

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In related news, Director Michael K. Burke sold 31,500 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $17.93, for a total value of $564,795.00. Following the transaction, the director now owns 116,514 shares in the company, valued at $2,089,096.02. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO John W. Casella sold 62,433 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $19.31, for a total value of $1,205,581.23. Following the completion of the transaction, the chief executive officer now owns 472,112 shares in the company, valued at approximately $9,116,482.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,433 shares of company stock worth $1,960,021. Insiders own 11.50% of the company’s stock.

Casella Waste Systems Profile

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.

Institutional Ownership by Quarter for Casella Waste Systems (NASDAQ:CWST)

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