Fenimore Asset Management Inc. Sells 3,500 Shares of Casella Waste Systems Inc. (NASDAQ:CWST)

Fenimore Asset Management Inc. lessened its stake in Casella Waste Systems Inc. (NASDAQ:CWST) by 1.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 183,942 shares of the industrial products company’s stock after selling 3,500 shares during the quarter. Fenimore Asset Management Inc. owned 0.40% of Casella Waste Systems worth $7,290,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Dorsey Wright & Associates increased its stake in Casella Waste Systems by 33.3% during the second quarter. Dorsey Wright & Associates now owns 1,028 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 257 shares during the period. Cortina Asset Management LLC grew its stake in shares of Casella Waste Systems by 21.4% in the 2nd quarter. Cortina Asset Management LLC now owns 328,286 shares of the industrial products company’s stock valued at $13,010,000 after purchasing an additional 57,912 shares during the period. First Trust Advisors LP grew its stake in shares of Casella Waste Systems by 1.1% in the 1st quarter. First Trust Advisors LP now owns 125,600 shares of the industrial products company’s stock valued at $4,466,000 after purchasing an additional 1,365 shares during the period. FMR LLC grew its stake in shares of Casella Waste Systems by 78.5% in the 1st quarter. FMR LLC now owns 12,309 shares of the industrial products company’s stock valued at $438,000 after purchasing an additional 5,415 shares during the period. Finally, MetLife Investment Advisors LLC boosted its holdings in shares of Casella Waste Systems by 16.5% in the 1st quarter. MetLife Investment Advisors LLC now owns 19,066 shares of the industrial products company’s stock worth $678,000 after acquiring an additional 2,694 shares in the last quarter. Institutional investors and hedge funds own 91.01% of the company’s stock.

Shares of Casella Waste Systems stock opened at $45.19 on Friday. The firm has a market capitalization of $2.18 billion, a P/E ratio of 74.08 and a beta of 0.80. The company’s 50 day moving average price is $42.63 and its two-hundred day moving average price is $37.74. The company has a debt-to-equity ratio of 5.71, a current ratio of 0.88 and a quick ratio of 0.82. Casella Waste Systems Inc. has a fifty-two week low of $24.61 and a fifty-two week high of $47.72.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $187.46 million for the quarter, compared to analyst estimates of $184.08 million. Casella Waste Systems had a net margin of 2.69% and a return on equity of 76.51%. Casella Waste Systems’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 earnings per share. On average, analysts expect that Casella Waste Systems Inc. will post 0.83 earnings per share for the current year.

Several analysts have commented on the stock. ValuEngine cut shares of Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Raymond James increased their target price on Casella Waste Systems from $43.00 to $52.00 and gave the stock a “strong-buy” rating in a report on Monday, August 5th. UBS Group increased their price objective on shares of Casella Waste Systems from $36.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. BidaskClub raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Finally, TheStreet raised shares of Casella Waste Systems from a “c” rating to a “b-” rating in a research note on Wednesday, May 1st. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $44.25.

In other news, Director James F. Callahan, Jr. sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $38.53, for a total transaction of $192,650.00. Following the completion of the sale, the director now directly owns 65,736 shares of the company’s stock, valued at $2,532,808.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joseph Doody sold 2,262 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $45.55, for a total transaction of $103,034.10. Following the sale, the director now directly owns 94,416 shares of the company’s stock, valued at $4,300,648.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 190,002 shares of company stock worth $8,586,603. 9.65% of the stock is owned by company insiders.

Casella Waste Systems Company Profile

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

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

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