Gamco Investors INC. ET AL Sells 1,000 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Gamco Investors INC. ET AL cut its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,900 shares of the industrial products company’s stock after selling 1,000 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Casella Waste Systems were worth $9,976,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CWST. Johnson Financial Group Inc. bought a new position in Casella Waste Systems during the fourth quarter worth $28,000. Parallel Advisors LLC lifted its stake in shares of Casella Waste Systems by 232.0% in the fourth quarter. Parallel Advisors LLC now owns 332 shares of the industrial products company’s stock valued at $28,000 after buying an additional 232 shares in the last quarter. Harbor Investment Advisory LLC lifted its stake in shares of Casella Waste Systems by 484.2% in the fourth quarter. Harbor Investment Advisory LLC now owns 444 shares of the industrial products company’s stock valued at $38,000 after buying an additional 368 shares in the last quarter. Whittier Trust Co. bought a new position in shares of Casella Waste Systems in the first quarter valued at $41,000. Finally, Headlands Technologies LLC lifted its stake in shares of Casella Waste Systems by 124.3% in the fourth quarter. Headlands Technologies LLC now owns 758 shares of the industrial products company’s stock valued at $65,000 after buying an additional 420 shares in the last quarter. 99.51% of the stock is owned by institutional investors.

Casella Waste Systems Stock Performance

NASDAQ:CWST traded up $0.15 on Friday, reaching $101.92. 431,447 shares of the company’s stock were exchanged, compared to its average volume of 347,047. The stock has a fifty day simple moving average of $99.96 and a 200-day simple moving average of $94.77. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.58 and a quick ratio of 1.50. Casella Waste Systems, Inc. has a 52 week low of $72.97 and a 52 week high of $108.59. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 328.77, a P/E/G ratio of 6.44 and a beta of 0.98.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Friday, April 26th. The industrial products company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $340.70 million. During the same period last year, the business earned $0.10 earnings per share. Casella Waste Systems’s revenue was up 29.9% compared to the same quarter last year. As a group, sell-side analysts predict that Casella Waste Systems, Inc. will post 0.79 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft began coverage on shares of Casella Waste Systems in a research note on Thursday, May 23rd. They issued a “hold” rating and a $106.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Casella Waste Systems has a consensus rating of “Moderate Buy” and a consensus target price of $100.40.

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.