Boston Trust Walden Corp Buys 73,120 Shares of Casella Waste Systems, Inc. $CWST

Boston Trust Walden Corp lifted its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 23.5% during the first quarter, Holdings Channel.com reports. The firm owned 384,785 shares of the industrial products company’s stock after buying an additional 73,120 shares during the period. Boston Trust Walden Corp’s holdings in Casella Waste Systems were worth $30,529,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Conestoga Capital Advisors LLC increased its holdings in shares of Casella Waste Systems by 1.0% in the first quarter. Conestoga Capital Advisors LLC now owns 2,804,475 shares of the industrial products company’s stock valued at $222,507,000 after purchasing an additional 27,148 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Casella Waste Systems in the 1st quarter valued at $262,000. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Casella Waste Systems by 100.3% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,746 shares of the industrial products company’s stock valued at $456,000 after buying an additional 2,878 shares during the period. Skylands Capital LLC raised its position in shares of Casella Waste Systems by 2,945.5% during the first quarter. Skylands Capital LLC now owns 8,375 shares of the industrial products company’s stock worth $664,000 after acquiring an additional 8,100 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Casella Waste Systems during the first quarter worth $2,198,000. 99.51% of the stock is owned by institutional investors.

Casella Waste Systems Price Performance

Shares of NASDAQ CWST opened at $97.49 on Friday. The company has a fifty day moving average price of $86.71 and a 200 day moving average price of $91.81. The firm has a market cap of $6.20 billion, a PE ratio of 886.35 and a beta of 0.74. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.72. Casella Waste Systems, Inc. has a 1-year low of $74.05 and a 1-year high of $114.12.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly 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. The firm had revenue of $457.33 million for the quarter, compared to the consensus estimate of $454.49 million. Casella Waste Systems had a return on equity of 5.19% and a net margin of 0.38%.The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $0.19 EPS. Research analysts predict that Casella Waste Systems, Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Edmond Coletta sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $89.56, for a total transaction of $1,119,500.00. Following the completion of the transaction, the chief executive officer directly owned 140,118 shares of the company’s stock, valued at $12,548,968.08. This trade represents a 8.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael K. Burke sold 2,305 shares of Casella Waste Systems stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $87.56, for a total transaction of $201,825.80. Following the completion of the sale, the director owned 14,048 shares in the company, valued at $1,230,042.88. This trade represents a 14.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.78% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CWST. Weiss Ratings reiterated a “sell (d)” rating on shares of Casella Waste Systems in a report on Friday, May 22nd. Zacks Research lowered shares of Casella Waste Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Barclays upgraded shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $101.00 to $102.00 in a research report on Monday, May 4th. TD Cowen reissued a “buy” rating on shares of Casella Waste Systems in a research note on Friday, June 5th. Finally, UBS Group cut their price objective on shares of Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Casella Waste Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.12.

Casella Waste Systems 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.