Casella Waste Systems, Inc. $CWST Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 37.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,732 shares of the industrial products company’s stock after selling 5,824 shares during the period. Corient Private Wealth LLC’s holdings in Casella Waste Systems were worth $959,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Hilton Head Capital Partners LLC purchased a new stake in Casella Waste Systems in the fourth quarter valued at $25,000. Geneos Wealth Management Inc. grew its holdings in shares of Casella Waste Systems by 301.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 184 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Casella Waste Systems during the 4th quarter worth about $27,000. EverSource Wealth Advisors LLC raised its holdings in Casella Waste Systems by 41.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 337 shares of the industrial products company’s stock valued at $33,000 after buying an additional 98 shares during the period. Finally, SHP Wealth Management purchased a new stake in Casella Waste Systems in the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Insiders Place Their Bets

In other news, Director Michael K. Burke sold 2,305 shares of the company’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 represents a 14.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edmond Coletta sold 12,500 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $89.56, for a total value of $1,119,500.00. Following the completion of the sale, the chief executive officer owned 140,118 shares in the company, valued at approximately $12,548,968.08. The trade was a 8.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.78% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. UBS Group decreased their target price on shares of Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. TD Cowen reissued a “buy” rating on shares of Casella Waste Systems in a research note on Friday, June 5th. Zacks Research cut shares of Casella Waste Systems from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. Barclays upgraded shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $101.00 to $102.00 in a report on Monday, May 4th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Casella Waste Systems in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $110.12.

Casella Waste Systems Price Performance

Shares of CWST opened at $97.49 on Friday. Casella Waste Systems, Inc. has a fifty-two week low of $74.05 and a fifty-two week high of $114.12. The firm’s 50 day moving average price is $86.37 and its 200 day moving average price is $91.77. The company has a market cap of $6.20 billion, a P/E ratio of 886.35 and a beta of 0.74. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.72.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Thursday, April 30th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. Casella Waste Systems had a net margin of 0.38% and a return on equity of 5.19%. The company had revenue of $457.33 million for the quarter, compared to analyst estimates of $454.49 million. During the same period in the prior year, the business earned $0.19 EPS. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. On average, research analysts forecast that Casella Waste Systems, Inc. will post 1.12 earnings per share for the current fiscal year.

Casella Waste Systems Profile

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.