Tidal Investments LLC Purchases 10,828 Shares of Casella Waste Systems, Inc. $CWST

Tidal Investments LLC increased its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 4.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 232,710 shares of the industrial products company’s stock after buying an additional 10,828 shares during the period. Tidal Investments LLC owned 0.37% of Casella Waste Systems worth $22,566,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Riverbridge Partners LLC acquired a new stake in shares of Casella Waste Systems during the first quarter worth $13,742,000. Legal & General Group Plc boosted its holdings in Casella Waste Systems by 134.4% during the fourth quarter. Legal & General Group Plc now owns 157,552 shares of the industrial products company’s stock worth $15,431,000 after buying an additional 90,340 shares during the last quarter. Allworth Financial LP increased its stake in Casella Waste Systems by 1,019.4% in the fourth quarter. Allworth Financial LP now owns 14,832 shares of the industrial products company’s stock valued at $1,453,000 after purchasing an additional 13,507 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Casella Waste Systems by 17.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 124,356 shares of the industrial products company’s stock worth $12,179,000 after purchasing an additional 18,671 shares during the period. Finally, Norges Bank acquired a new stake in Casella Waste Systems in the fourth quarter worth $39,343,000. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Casella Waste Systems from $102.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, August 10th. UBS Group dropped their price target on Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday, June 26th. Weiss Ratings raised shares of Casella Waste Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. TD Cowen reiterated a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 5th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Casella Waste Systems from $110.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $109.75.

Casella Waste Systems Stock Performance

NASDAQ:CWST opened at $89.94 on Friday. The stock has a 50 day simple moving average of $92.86 and a 200 day simple moving average of $88.48. The stock has a market cap of $5.72 billion, a P/E ratio of 999.44 and a beta of 0.74. Casella Waste Systems, Inc. has a 1-year low of $74.05 and a 1-year high of $107.96. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.84.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Casella Waste Systems had a return on equity of 5.32% and a net margin of 0.29%.The firm had revenue of $543.75 million for the quarter, compared to analyst estimates of $526.43 million. During the same period in the prior year, the firm posted $0.36 EPS. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. Research analysts anticipate that Casella Waste Systems, Inc. will post 1.24 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Douglas Casella sold 15,157 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $91.05, for a total transaction of $1,380,044.85. Following the transaction, the director directly owned 91,484 shares of the company’s stock, valued at approximately $8,329,618.20. This trade represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Burke sold 1,100 shares of Casella Waste Systems stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $95.26, for a total transaction of $104,786.00. Following the completion of the sale, the director owned 13,641 shares of the company’s stock, valued at approximately $1,299,441.66. The trade was a 7.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 18,700 shares of company stock worth $1,709,494. Company insiders own 3.78% of the company’s stock.

Casella Waste Systems Profile

Casella Waste Systems, Inc is a regional solid waste services company headquartered in Rutland, Vermont. Founded in 1975, the company provides waste collection, transfer, disposal, recycling and resource-recovery services to residential, commercial, industrial and municipal customers.

Casella’s services include curbside and commercial waste collection, construction and demolition debris management, transfer station operations, recycling of paper, cardboard, plastics and other materials, and organics recycling.