Tidal Investments LLC Takes $12.17 Million Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Tidal Investments LLC bought a new stake in Casella Waste Systems, Inc. (NASDAQ:CWST) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 115,046 shares of the industrial products company’s stock, valued at approximately $12,173,000. Tidal Investments LLC owned 0.18% of Casella Waste Systems as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. grew its holdings in Casella Waste Systems by 1,606.7% in the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 241 shares during the period. Covestor Ltd grew its holdings in Casella Waste Systems by 124.4% in the fourth quarter. Covestor Ltd now owns 276 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 153 shares during the period. Quarry LP purchased a new stake in Casella Waste Systems in the fourth quarter valued at approximately $30,000. Jones Financial Companies Lllp grew its holdings in Casella Waste Systems by 156.5% in the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 194 shares during the period. Finally, Huntington National Bank grew its stake in Casella Waste Systems by 171.6% during the fourth quarter. Huntington National Bank now owns 364 shares of the industrial products company’s stock worth $39,000 after buying an additional 230 shares during the period. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CWST shares. TD Cowen started coverage on shares of Casella Waste Systems in a research note on Wednesday, April 9th. They set a “buy” rating and a $130.00 price objective for the company. William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a research note on Friday, February 14th. UBS Group boosted their price objective on shares of Casella Waste Systems from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Raymond James reiterated a “strong-buy” rating on shares of Casella Waste Systems in a research note on Wednesday, April 16th. Finally, Jefferies Financial Group downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Casella Waste Systems has an average rating of “Moderate Buy” and a consensus target price of $122.67.

Insider Activity at Casella Waste Systems

In related news, President Edmond Coletta sold 5,562 shares of the company’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $119.18, for a total value of $662,879.16. Following the sale, the president now directly owns 150,093 shares of the company’s stock, valued at $17,888,083.74. This represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Paul Ligon sold 2,000 shares of the stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $118.67, for a total transaction of $237,340.00. Following the sale, the senior vice president now directly owns 20,347 shares in the company, valued at $2,414,578.49. This trade represents a 8.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.24% of the stock is currently owned by corporate insiders.

Casella Waste Systems Price Performance

Shares of CWST stock opened at $114.52 on Monday. The company has a market capitalization of $7.27 billion, a PE ratio of 497.91, a price-to-earnings-growth ratio of 3.86 and a beta of 0.89. The firm has a fifty day simple moving average of $113.11 and a 200-day simple moving average of $110.28. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70. Casella Waste Systems, Inc. has a twelve month low of $91.01 and a twelve month high of $121.24.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, May 1st. The industrial products company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.08. The business had revenue of $417.10 million during the quarter, compared to the consensus estimate of $403.64 million. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. The business’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. Equities research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

About Casella Waste Systems

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.