Casella Waste Systems, Inc. $CWST Shares Sold by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. lessened its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 42.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 328,332 shares of the industrial products company’s stock after selling 245,633 shares during the period. Casella Waste Systems accounts for approximately 2.0% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 25th biggest holding. Global Alpha Capital Management Ltd.’s holdings in Casella Waste Systems were worth $32,157,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CWST. AQR Capital Management LLC boosted its holdings in shares of Casella Waste Systems by 57.7% during the first quarter. AQR Capital Management LLC now owns 9,283 shares of the industrial products company’s stock valued at $1,035,000 after acquiring an additional 3,395 shares during the period. Jones Financial Companies Lllp lifted its holdings in Casella Waste Systems by 1,601.9% in the 1st quarter. Jones Financial Companies Lllp now owns 5,412 shares of the industrial products company’s stock valued at $603,000 after acquiring an additional 5,094 shares during the last quarter. Jane Street Group LLC lifted its holdings in Casella Waste Systems by 3,226.1% in the 1st quarter. Jane Street Group LLC now owns 69,849 shares of the industrial products company’s stock valued at $7,789,000 after acquiring an additional 67,749 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Casella Waste Systems by 301.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 184 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Casella Waste Systems in the 2nd quarter valued at about $63,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CWST shares. JPMorgan Chase & Co. cut their price objective on Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of Casella Waste Systems in a research note on Friday, May 22nd. Raymond James Financial reissued a “strong-buy” rating and issued a $115.00 price target on shares of Casella Waste Systems in a research note on Monday, February 23rd. Barclays raised Casella Waste Systems from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $101.00 to $102.00 in a research report on Monday, May 4th. Finally, UBS Group decreased their target price on Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $111.13.

Casella Waste Systems Stock Up 2.7%

CWST opened at $85.90 on Friday. Casella Waste Systems, Inc. has a 1-year low of $74.05 and a 1-year high of $118.91. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 780.98 and a beta of 0.77. The business has a 50 day moving average of $83.54 and a 200-day moving average of $92.52.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Thursday, April 30th. The industrial products company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.10 by $0.10. The firm had revenue of $457.33 million during the quarter, compared to analysts’ expectations of $454.49 million. Casella Waste Systems had a return on equity of 5.19% and a net margin of 0.38%.Casella Waste Systems’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the business earned $0.19 earnings per share. As a group, sell-side analysts anticipate that Casella Waste Systems, Inc. will post 1.12 earnings per share for the current year.

Insider Buying and Selling at Casella Waste Systems

In other Casella Waste Systems news, CEO Edmond Coletta sold 12,500 shares of the business’s 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 sale, the chief executive officer owned 140,118 shares of the company’s stock, valued at $12,548,968.08. The trade was a 8.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John W. Casella sold 1,744 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $87.77, for a total transaction of $153,070.88. Following the completion of the sale, the director directly owned 30,795 shares in the company, valued at $2,702,877.15. This trade represents a 5.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 19,422 shares of company stock worth $1,729,647. Corporate insiders own 3.78% of the company’s stock.

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.