Casella Waste Systems, Inc. (NASDAQ:CWST) Stock Position Lifted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,772 shares of the industrial products company’s stock after purchasing an additional 1,075 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Casella Waste Systems were worth $2,202,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. First Republic Investment Management Inc. grew its stake in shares of Casella Waste Systems by 1.1% in the second quarter. First Republic Investment Management Inc. now owns 11,951 shares of the industrial products company’s stock worth $869,000 after purchasing an additional 131 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Casella Waste Systems by 42.2% in the third quarter. Public Employees Retirement System of Ohio now owns 475 shares of the industrial products company’s stock valued at $36,000 after buying an additional 141 shares during the period. Allworth Financial LP lifted its holdings in shares of Casella Waste Systems by 11.0% in the third quarter. Allworth Financial LP now owns 1,513 shares of the industrial products company’s stock valued at $115,000 after buying an additional 150 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Casella Waste Systems by 1.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 9,155 shares of the industrial products company’s stock valued at $828,000 after buying an additional 151 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its holdings in shares of Casella Waste Systems by 5.5% in the third quarter. Orion Portfolio Solutions LLC now owns 2,995 shares of the industrial products company’s stock valued at $229,000 after buying an additional 156 shares during the period. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Trading Up 1.1 %

Shares of NASDAQ CWST opened at $93.43 on Friday. Casella Waste Systems, Inc. has a 12 month low of $72.97 and a 12 month high of $100.29. The company has a market cap of $5.42 billion, a price-to-earnings ratio of 207.63, a P/E/G ratio of 6.00 and a beta of 0.90. The company has a quick ratio of 1.46, a current ratio of 1.53 and a debt-to-equity ratio of 0.99. The business has a fifty day simple moving average of $94.06 and a 200-day simple moving average of $86.17.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Friday, February 16th. The industrial products company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). Casella Waste Systems had a net margin of 2.01% and a return on equity of 5.81%. The company had revenue of $359.57 million for the quarter, compared to analysts’ expectations of $360.08 million. During the same period in the prior year, the company earned $0.18 earnings per share. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. Sell-side analysts predict that Casella Waste Systems, Inc. will post 0.77 EPS for the current year.

Analyst Ratings Changes

CWST has been the subject of several research analyst reports. StockNews.com upgraded Casella Waste Systems from a “sell” rating to a “hold” rating in a report on Friday, February 16th. Wells Fargo & Company upped their price objective on Casella Waste Systems from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Casella Waste Systems currently has an average rating of “Buy” and a consensus target price of $99.71.

Insider Activity at Casella Waste Systems

In related news, CEO John W. Casella sold 1,673 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $94.13, for a total transaction of $157,479.49. Following the transaction, the chief executive officer now directly owns 35,189 shares of the company’s stock, valued at $3,312,340.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, President Edmond Coletta sold 733 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $94.31, for a total transaction of $69,129.23. Following the transaction, the president now owns 170,486 shares of the company’s stock, valued at approximately $16,078,534.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John W. Casella sold 1,673 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total value of $157,479.49. Following the transaction, the chief executive officer now directly owns 35,189 shares in the company, valued at approximately $3,312,340.57. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,238 shares of company stock valued at $1,026,395. Company insiders own 4.75% 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 United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.