FIL Ltd cut its holdings in Casella Waste Systems Inc. (NASDAQ:CWST) by 3.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 286,086 shares of the industrial products company’s stock after selling 11,385 shares during the period. FIL Ltd’s holdings in Casella Waste Systems were worth $10,173,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of CWST. Wells Fargo & Company MN lifted its holdings in Casella Waste Systems by 95.6% in the 1st quarter. Wells Fargo & Company MN now owns 2,613,176 shares of the industrial products company’s stock worth $92,924,000 after purchasing an additional 1,276,940 shares in the last quarter. TimesSquare Capital Management LLC purchased a new position in Casella Waste Systems in the 1st quarter worth approximately $27,427,000. Oak Ridge Investments LLC purchased a new position in Casella Waste Systems in the 1st quarter worth approximately $13,817,000. BlackRock Inc. lifted its holdings in Casella Waste Systems by 8.3% in the 1st quarter. BlackRock Inc. now owns 3,061,151 shares of the industrial products company’s stock worth $108,853,000 after purchasing an additional 233,548 shares in the last quarter. Finally, American Century Companies Inc. purchased a new position in Casella Waste Systems in the 4th quarter worth approximately $6,555,000. 90.23% of the stock is currently owned by institutional investors.
A number of analysts have issued reports on CWST shares. BidaskClub raised Casella Waste Systems from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. Stifel Nicolaus downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and set a $35.00 price objective on the stock. in a research note on Friday, February 22nd. ValuEngine raised Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 28th. Zacks Investment Research raised Casella Waste Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, April 1st. Finally, UBS Group lifted their price objective on Casella Waste Systems from $31.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $39.25.
Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.01). Casella Waste Systems had a return on equity of 390.60% and a net margin of 1.27%. The business had revenue of $163.70 million for the quarter, compared to the consensus estimate of $161.77 million. The company’s revenue was up 11.0% on a year-over-year basis. On average, equities analysts expect that Casella Waste Systems Inc. will post 0.81 earnings per share for the current fiscal year.
In other news, Director James F. Callahan, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $38.53, for a total transaction of $192,650.00. Following the transaction, the director now owns 65,736 shares of the company’s stock, valued at approximately $2,532,808.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Edmond Coletta sold 146,017 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $37.30, for a total value of $5,446,434.10. Following the transaction, the insider now directly owns 292,035 shares in the company, valued at approximately $10,892,905.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 415,251 shares of company stock worth $15,599,854. Corporate insiders own 9.65% of the company’s stock.
Casella Waste Systems Profile
Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the northeastern United States. The company operates through Eastern, Western, Recycling, and Other segments. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers.
Featured Story: Does the discount rate affect the economy?
Want to see what other hedge funds are holding CWST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Casella Waste Systems Inc. (NASDAQ:CWST).
Receive News & Ratings for Casella Waste Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casella Waste Systems and related companies with MarketBeat.com's FREE daily email newsletter.