Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Acquired by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP lifted its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 27.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 751,553 shares of the industrial products company’s stock after buying an additional 159,850 shares during the period. Westfield Capital Management Co. LP owned approximately 1.30% of Casella Waste Systems worth $64,228,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Johnson Financial Group Inc. bought a new stake in Casella Waste Systems during the fourth quarter worth approximately $28,000. GW&K Investment Management LLC raised its holdings in Casella Waste Systems by 3.5% during the fourth quarter. GW&K Investment Management LLC now owns 288,842 shares of the industrial products company’s stock worth $24,684,000 after purchasing an additional 9,828 shares in the last quarter. Corient Private Wealth LLC raised its holdings in Casella Waste Systems by 91.3% during the fourth quarter. Corient Private Wealth LLC now owns 16,904 shares of the industrial products company’s stock worth $1,445,000 after purchasing an additional 8,066 shares in the last quarter. Global Alpha Capital Management Ltd. bought a new stake in Casella Waste Systems during the fourth quarter worth approximately $17,921,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Casella Waste Systems during the fourth quarter worth approximately $771,000. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on CWST. Wells Fargo & Company boosted their target price on Casella Waste Systems from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. StockNews.com raised Casella Waste Systems from a “sell” rating to a “hold” rating in a report on Friday, February 16th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Casella Waste Systems in a report on Thursday. They issued a “hold” rating and a $106.00 price target on the stock. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Casella Waste Systems has an average rating of “Moderate Buy” and a consensus price target of $102.00.

Insider Buying and Selling at Casella Waste Systems

In other Casella Waste Systems news, President Edmond Coletta sold 8,271 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $90.30, for a total transaction of $746,871.30. Following the sale, the president now directly owns 168,556 shares of the company’s stock, valued at approximately $15,220,606.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, 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 transaction, the chief executive officer now directly owns 35,189 shares in the company, valued at approximately $3,312,340.57. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Edmond Coletta sold 8,271 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $90.30, for a total transaction of $746,871.30. Following the transaction, the president now owns 168,556 shares in the company, valued at $15,220,606.80. The disclosure for this sale can be found here. Insiders have sold a total of 11,238 shares of company stock valued at $1,026,395 in the last three months. 4.24% of the stock is currently owned by company insiders.

Casella Waste Systems Price Performance

Shares of NASDAQ CWST traded up $1.89 during trading on Friday, hitting $99.75. The company had a trading volume of 144,590 shares, compared to its average volume of 244,459. The company has a market cap of $5.79 billion, a P/E ratio of 321.77, a PEG ratio of 6.19 and a beta of 0.92. Casella Waste Systems, Inc. has a 52 week low of $72.97 and a 52 week high of $100.42. The business’s 50-day moving average is $95.74 and its 200 day moving average is $89.51. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.50 and a current ratio of 1.58.

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

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.