Casella Waste Systems, Inc. $CWST Shares Bought by Brant Point Investment Management LLC

Brant Point Investment Management LLC boosted its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 98.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,680 shares of the industrial products company’s stock after buying an additional 26,600 shares during the quarter. Casella Waste Systems makes up 0.6% of Brant Point Investment Management LLC’s holdings, making the stock its 22nd biggest position. Brant Point Investment Management LLC’s holdings in Casella Waste Systems were worth $5,257,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Casella Waste Systems by 9.7% during the fourth quarter. Vanguard Group Inc. now owns 6,574,893 shares of the industrial products company’s stock valued at $643,945,000 after buying an additional 581,310 shares during the period. Aberdeen Group plc grew its position in Casella Waste Systems by 79.2% during the fourth quarter. Aberdeen Group plc now owns 186,992 shares of the industrial products company’s stock valued at $18,314,000 after buying an additional 82,616 shares during the period. Westfield Capital Management Co. LP grew its position in Casella Waste Systems by 6.2% during the third quarter. Westfield Capital Management Co. LP now owns 1,647,907 shares of the industrial products company’s stock valued at $156,353,000 after buying an additional 95,600 shares during the period. TimesSquare Capital Management LLC grew its position in Casella Waste Systems by 21.6% during the third quarter. TimesSquare Capital Management LLC now owns 609,175 shares of the industrial products company’s stock valued at $57,799,000 after buying an additional 108,146 shares during the period. Finally, Forge First Asset Management Inc. acquired a new stake in Casella Waste Systems during the third quarter valued at $15,353,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Stock Down 0.4%

Shares of NASDAQ CWST opened at $89.37 on Friday. The company’s 50-day simple moving average is $84.57 and its 200-day simple moving average is $92.40. Casella Waste Systems, Inc. has a 52-week low of $74.05 and a 52-week high of $118.91. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 812.53 and a beta of 0.77. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.72.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, April 30th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.10. Casella Waste Systems had a net margin of 0.38% and a return on equity of 5.19%. The business had revenue of $457.33 million for the quarter, compared to analyst estimates of $454.49 million. During the same quarter last year, the business earned $0.19 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities analysts predict that Casella Waste Systems, Inc. will post 1.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on CWST shares. Barclays upgraded shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $101.00 to $102.00 in a research report on Monday, May 4th. UBS Group dropped their price target on shares of Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. JPMorgan Chase & Co. dropped their price target on shares of Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. TD Cowen restated a “buy” rating on shares of Casella Waste Systems in a research report on Friday, June 5th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Casella Waste Systems in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.13.

Insider Activity at Casella Waste Systems

In other news, Director John W. Casella sold 1,744 shares of Casella Waste Systems stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $87.77, for a total value of $153,070.88. Following the sale, the director owned 30,795 shares in the company, valued at $2,702,877.15. This trade represents a 5.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Bradford John Helgeson sold 405 shares of Casella Waste Systems stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $87.73, for a total transaction of $35,530.65. Following the completion of the sale, the chief financial officer owned 7,342 shares in the company, valued at approximately $644,113.66. This trade represents a 5.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,027 shares of company stock worth $1,604,141 in the last ninety days. 3.78% of the stock is owned by company insiders.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.