Casella Waste Systems Inc. (NASDAQ:CWST) Shares Purchased by Earnest Partners LLC

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Earnest Partners LLC boosted its holdings in shares of Casella Waste Systems Inc. (NASDAQ:CWST) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,281,869 shares of the industrial products company’s stock after buying an additional 33,545 shares during the quarter. Earnest Partners LLC owned 4.80% of Casella Waste Systems worth $90,430,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CWST. Dorsey Wright & Associates raised its holdings in shares of Casella Waste Systems by 33.3% in the 2nd quarter. Dorsey Wright & Associates now owns 1,028 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 257 shares in the last quarter. Quantamental Technologies LLC purchased a new position in Casella Waste Systems during the 2nd quarter worth $126,000. NEXT Financial Group Inc purchased a new position in Casella Waste Systems during the 2nd quarter worth $201,000. Gladstone Institutional Advisory LLC acquired a new stake in shares of Casella Waste Systems in the 1st quarter worth $207,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Casella Waste Systems in the 2nd quarter worth $222,000. Institutional investors own 90.37% of the company’s stock.

Several analysts recently commented on CWST shares. BidaskClub cut shares of Casella Waste Systems from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Raymond James boosted their target price on shares of Casella Waste Systems from $43.00 to $52.00 and gave the stock a “strong-buy” rating in a research report on Monday, August 5th. Finally, ValuEngine cut shares of Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $44.25.

CWST stock opened at $41.16 on Friday. The company has a debt-to-equity ratio of 5.71, a current ratio of 0.88 and a quick ratio of 0.82. Casella Waste Systems Inc. has a 1-year low of $24.61 and a 1-year high of $47.72. The firm has a fifty day moving average price of $44.51 and a two-hundred day moving average price of $39.23. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 67.51 and a beta of 0.85.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Thursday, August 1st. The industrial products company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. Casella Waste Systems had a net margin of 2.69% and a return on equity of 76.51%. The firm had revenue of $187.46 million during the quarter, compared to analyst estimates of $184.08 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, analysts expect that Casella Waste Systems Inc. will post 0.83 EPS for the current fiscal year.

In other news, Director William P. Hulligan sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $44.60, for a total transaction of $446,000.00. Following the completion of the transaction, the director now owns 42,031 shares in the company, valued at $1,874,582.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Edwin D. Johnson sold 2,700 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $46.53, for a total transaction of $125,631.00. Following the transaction, the chief operating officer now owns 417,245 shares of the company’s stock, valued at approximately $19,414,409.85. The disclosure for this sale can be found here. Insiders have sold 312,256 shares of company stock valued at $14,207,139 in the last 90 days. Insiders own 9.65% of the company’s stock.

Casella Waste Systems Company 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.

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Institutional Ownership by Quarter for Casella Waste Systems (NASDAQ:CWST)

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