4D Advisors LLC Takes Position in Casella Waste Systems, Inc. $CWST

4D Advisors LLC purchased a new stake in Casella Waste Systems, Inc. (NASDAQ:CWST) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 95,000 shares of the industrial products company’s stock, valued at approximately $9,304,000. Casella Waste Systems accounts for 5.1% of 4D Advisors LLC’s holdings, making the stock its 2nd biggest holding.

A number of other institutional investors also recently modified their holdings of the company. Hilton Head Capital Partners LLC acquired a new stake in shares of Casella Waste Systems in the fourth quarter worth $25,000. Geneos Wealth Management Inc. grew its stake in shares of Casella Waste Systems by 301.6% in the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 184 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Casella Waste Systems by 180.2% in the third quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 191 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Casella Waste Systems in the fourth quarter worth $27,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Casella Waste Systems by 235.3% in the second quarter. EverSource Wealth Advisors LLC now owns 285 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 99.51% of the company’s stock.

Insider Buying and Selling at Casella Waste Systems

In other news, Director Michael K. Burke sold 2,305 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $87.56, for a total value of $201,825.80. Following the sale, the director owned 14,048 shares in the company, valued at approximately $1,230,042.88. The trade was a 14.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $1,119,500.00. Following the completion of the sale, the chief executive officer owned 140,118 shares in the company, valued at $12,548,968.08. This represents a 8.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.78% of the stock is currently owned by insiders.

Casella Waste Systems Stock Down 0.6%

Shares of NASDAQ:CWST opened at $86.10 on Thursday. Casella Waste Systems, Inc. has a 52 week low of $74.05 and a 52 week high of $118.42. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.38 and a current ratio of 1.38. The company’s fifty day moving average is $84.58 and its 200-day moving average is $92.18. The company has a market capitalization of $5.48 billion, a PE ratio of 782.80 and a beta of 0.77.

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, beating the consensus estimate 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 the consensus estimate of $454.49 million. During the same quarter in the previous year, the company earned $0.19 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts predict that Casella Waste Systems, Inc. will post 1.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CWST shares. UBS Group lowered their price objective on shares of Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. TD Cowen restated a “buy” rating on shares of Casella Waste Systems in a research note on Friday, June 5th. Barclays upgraded shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $101.00 to $102.00 in a research note on Monday, May 4th. Zacks Research downgraded shares of Casella Waste Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $115.00 price objective on shares of Casella Waste Systems in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Casella Waste Systems currently has an average rating of “Moderate Buy” and a consensus price target of $111.13.

About Casella Waste Systems

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.