Eagle Boston Investment Management Inc. Has $15.83 Million Holdings in Casella Waste Systems (CWST)

Eagle Boston Investment Management Inc. raised its holdings in Casella Waste Systems (NASDAQ:CWST) by 2.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 677,078 shares of the industrial products company’s stock after acquiring an additional 16,479 shares during the quarter. Casella Waste Systems accounts for about 1.6% of Eagle Boston Investment Management Inc.’s holdings, making the stock its 9th biggest position. Eagle Boston Investment Management Inc.’s holdings in Casella Waste Systems were worth $15,830,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. Standard Life Aberdeen plc acquired a new position in shares of Casella Waste Systems during the 4th quarter worth $51,786,000. Wells Fargo & Company MN raised its stake in shares of Casella Waste Systems by 237.1% during the 1st quarter. Wells Fargo & Company MN now owns 829,885 shares of the industrial products company’s stock worth $19,403,000 after buying an additional 583,679 shares during the last quarter. GW&K Investment Management LLC acquired a new position in shares of Casella Waste Systems during the 1st quarter worth $8,647,000. Millennium Management LLC raised its stake in shares of Casella Waste Systems by 91.1% during the 4th quarter. Millennium Management LLC now owns 712,154 shares of the industrial products company’s stock worth $16,394,000 after buying an additional 339,447 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Casella Waste Systems by 11.6% during the 4th quarter. Renaissance Technologies LLC now owns 3,211,600 shares of the industrial products company’s stock worth $73,931,000 after buying an additional 333,900 shares during the last quarter. 83.59% of the stock is owned by institutional investors.

In related news, Director Gregory B. Peters sold 4,300 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $23.28, for a total value of $100,104.00. Following the completion of the transaction, the director now owns 92,291 shares of the company’s stock, valued at approximately $2,148,534.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John W. Casella sold 19,571 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $26.49, for a total transaction of $518,435.79. The disclosure for this sale can be found here. Insiders sold a total of 129,625 shares of company stock valued at $3,215,250 in the last three months. 11.47% of the stock is currently owned by corporate insiders.

Several research analysts have recently issued reports on CWST shares. Stifel Nicolaus raised Casella Waste Systems from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Wednesday, January 24th. Zacks Investment Research raised Casella Waste Systems from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Wednesday, February 14th. TheStreet raised Casella Waste Systems from a “d” rating to a “c” rating in a research note on Thursday, March 1st. ValuEngine raised Casella Waste Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, BidaskClub downgraded Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Casella Waste Systems has an average rating of “Buy” and an average price target of $25.25.

Shares of Casella Waste Systems opened at $24.56 on Friday, MarketBeat.com reports. Casella Waste Systems has a twelve month low of $24.67 and a twelve month high of $24.94. The stock has a market capitalization of $1.04 billion, a P/E ratio of 37.00 and a beta of 0.92. The company has a debt-to-equity ratio of -12.75, a current ratio of 1.00 and a quick ratio of 0.93.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, May 3rd. The industrial products company reported $0.00 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.01. Casella Waste Systems had a negative net margin of 4.16% and a negative return on equity of 53.97%. The firm had revenue of $147.50 million during the quarter, compared to the consensus estimate of $139.13 million. During the same quarter in the previous year, the company posted ($0.01) EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. analysts expect that Casella Waste Systems will post 0.71 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 Region, Western Region, 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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