Casella Waste Systems, Inc. $CWST Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 18.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,454 shares of the industrial products company’s stock after acquiring an additional 8,161 shares during the quarter. Natixis Advisors LLC owned approximately 0.08% of Casella Waste Systems worth $5,039,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CWST. Pictet Asset Management Holding SA increased its holdings in shares of Casella Waste Systems by 10,865.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 990,651 shares of the industrial products company’s stock valued at $97,040,000 after acquiring an additional 981,617 shares during the period. Alliancebernstein L.P. boosted its position in shares of Casella Waste Systems by 1,106.7% during the 2nd quarter. Alliancebernstein L.P. now owns 867,285 shares of the industrial products company’s stock worth $100,067,000 after purchasing an additional 795,414 shares in the last quarter. UBS Group AG boosted its position in shares of Casella Waste Systems by 653.2% during the 4th quarter. UBS Group AG now owns 841,897 shares of the industrial products company’s stock worth $82,455,000 after purchasing an additional 730,128 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Casella Waste Systems by 9.7% during the 4th quarter. Vanguard Group Inc. now owns 6,574,893 shares of the industrial products company’s stock worth $643,945,000 after purchasing an additional 581,310 shares in the last quarter. Finally, Capital Research Global Investors boosted its position in shares of Casella Waste Systems by 39.3% during the 3rd quarter. Capital Research Global Investors now owns 2,010,818 shares of the industrial products company’s stock worth $190,786,000 after purchasing an additional 566,887 shares in the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on CWST. JPMorgan Chase & Co. decreased their target price 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. Raymond James Financial restated a “strong-buy” rating and set a $115.00 target price on shares of Casella Waste Systems 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. Barclays upgraded shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $101.00 to $102.00 in a research report on Monday, May 4th. Finally, UBS Group decreased their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Casella Waste Systems currently has an average rating of “Moderate Buy” and an average target price of $111.13.

Casella Waste Systems Stock Performance

Shares of CWST opened at $84.58 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.72. The stock has a market cap of $5.38 billion, a P/E ratio of 768.98 and a beta of 0.77. The company has a 50-day moving average of $83.70 and a two-hundred day moving average of $92.50. Casella Waste Systems, Inc. has a 12-month low of $74.05 and a 12-month high of $118.91.

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, topping analysts’ consensus estimates of $0.10 by $0.10. The company had revenue of $457.33 million during the quarter, compared to analysts’ expectations of $454.49 million. Casella Waste Systems had a net margin of 0.38% and a return on equity of 5.19%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.19 earnings per share. As a group, research analysts predict that Casella Waste Systems, Inc. will post 1.12 EPS for the current fiscal year.

Insider Buying and Selling at Casella Waste Systems

In other Casella Waste Systems news, Director Michael K. Burke sold 2,305 shares of Casella Waste Systems stock in a transaction dated 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 transaction, the director owned 14,048 shares in the company, valued at approximately $1,230,042.88. The trade was a 14.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Bradford John Helgeson sold 405 shares of Casella Waste Systems stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $87.73, for a total transaction of $35,530.65. Following the transaction, the chief financial officer owned 7,342 shares of the company’s stock, valued at approximately $644,113.66. The trade was a 5.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 19,422 shares of company stock worth $1,729,647. 3.78% of the stock is currently owned by insiders.

About Casella Waste Systems

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.