Nuveen Asset Management LLC Buys 212,253 Shares of Casella Waste Systems Inc. (NASDAQ:CWST)

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Nuveen Asset Management LLC increased its stake in Casella Waste Systems Inc. (NASDAQ:CWST) by 231.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 303,850 shares of the industrial products company’s stock after purchasing an additional 212,253 shares during the period. Nuveen Asset Management LLC owned approximately 0.64% of Casella Waste Systems worth $12,041,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Dorsey Wright & Associates grew its position in Casella Waste Systems by 33.3% during the second quarter. Dorsey Wright & Associates now owns 1,028 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 257 shares during the last quarter. NumerixS Investment Technologies Inc bought a new position in Casella Waste Systems during the second quarter valued at approximately $55,000. Quantamental Technologies LLC bought a new position in Casella Waste Systems during the second quarter valued at approximately $126,000. HBK Sorce Advisory LLC grew its position in Casella Waste Systems by 18.7% during the second quarter. HBK Sorce Advisory LLC now owns 24,255 shares of the industrial products company’s stock valued at $190,000 after acquiring an additional 3,817 shares during the last quarter. Finally, NEXT Financial Group Inc bought a new position in Casella Waste Systems during the second quarter valued at approximately $201,000. Institutional investors own 88.85% of the company’s stock.

In related news, CEO John W. Casella sold 98,844 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $44.70, for a total value of $4,418,326.80. Following the completion of the sale, the chief executive officer now owns 286,248 shares of the company’s stock, valued at $12,795,285.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Edwin D. Johnson sold 68,401 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $46.04, for a total value of $3,149,182.04. Following the completion of the sale, the chief operating officer now directly owns 414,545 shares of the company’s stock, valued at approximately $19,085,651.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 312,256 shares of company stock valued at $14,207,139. Insiders own 9.65% of the company’s stock.

CWST has been the topic of a number of recent research reports. Raymond James increased their price target on shares of Casella Waste Systems from $43.00 to $52.00 and gave the company a “strong-buy” rating in a research report on Monday, August 5th. BidaskClub cut shares of Casella Waste Systems from a “hold” rating to a “sell” rating in a research report on Thursday, September 12th. Zacks Investment Research upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Monday, October 7th. Finally, ValuEngine cut shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $45.25.

NASDAQ:CWST opened at $43.03 on Friday. The firm has a market cap of $2.05 billion, a PE ratio of 70.54 and a beta of 0.78. Casella Waste Systems Inc. has a fifty-two week low of $24.61 and a fifty-two week high of $47.72. The company has a debt-to-equity ratio of 5.71, a quick ratio of 0.82 and a current ratio of 0.88. The business has a 50 day moving average price of $43.70 and a 200-day moving average price of $40.47.

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

About Casella Waste Systems

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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