Headlands Technologies LLC Raises Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Headlands Technologies LLC lifted its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 124.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 758 shares of the industrial products company’s stock after buying an additional 420 shares during the quarter. Headlands Technologies LLC’s holdings in Casella Waste Systems were worth $65,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Impax Asset Management Group plc acquired a new stake in shares of Casella Waste Systems in the fourth quarter worth approximately $5,128,000. TimesSquare Capital Management LLC boosted its position in shares of Casella Waste Systems by 18.5% in the third quarter. TimesSquare Capital Management LLC now owns 946,497 shares of the industrial products company’s stock worth $72,218,000 after acquiring an additional 147,805 shares during the last quarter. WCM Investment Management LLC boosted its position in shares of Casella Waste Systems by 8.7% in the fourth quarter. WCM Investment Management LLC now owns 227,195 shares of the industrial products company’s stock worth $19,543,000 after acquiring an additional 18,216 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Casella Waste Systems by 9.0% in the fourth quarter. Jennison Associates LLC now owns 405,230 shares of the industrial products company’s stock worth $34,631,000 after acquiring an additional 33,528 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Casella Waste Systems in the third quarter worth approximately $1,705,000. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Casella Waste Systems Trading Down 0.5 %

Shares of CWST stock opened at $90.40 on Wednesday. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 291.61, a price-to-earnings-growth ratio of 5.84 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. Casella Waste Systems, Inc. has a fifty-two week low of $72.97 and a fifty-two week high of $100.29. The firm’s 50 day moving average price is $94.35 and its two-hundred day moving average price is $87.01.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Friday, April 26th. The industrial products company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $341.00 million for the quarter, compared to analysts’ expectations of $340.70 million. Casella Waste Systems had a net margin of 1.32% and a return on equity of 4.48%. Casella Waste Systems’s revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 earnings per share. On average, analysts anticipate that Casella Waste Systems, Inc. will post 0.77 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, President Edmond Coletta sold 8,271 shares of Casella Waste Systems stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $90.30, for a total transaction of $746,871.30. Following the sale, the president now owns 168,556 shares in the company, valued at $15,220,606.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO John W. Casella sold 1,673 shares of Casella Waste Systems stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total transaction of $157,479.49. Following the sale, the chief executive officer now owns 35,189 shares in the company, valued at $3,312,340.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Edmond Coletta sold 8,271 shares of Casella Waste Systems stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $90.30, for a total transaction of $746,871.30. Following the sale, the president now owns 168,556 shares in the company, valued at approximately $15,220,606.80. The disclosure for this sale can be found here. Insiders have sold 11,238 shares of company stock worth $1,026,395 over the last 90 days. Company insiders own 4.24% 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 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.