Casella Waste Systems, Inc. $CWST Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 5.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 525,062 shares of the industrial products company’s stock after selling 33,103 shares during the quarter. Sei Investments Co. owned about 0.83% of Casella Waste Systems worth $41,660,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Casella Waste Systems by 9.7% in 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 in the last quarter. Aberdeen Group plc lifted its stake in Casella Waste Systems by 79.2% in the 4th quarter. Aberdeen Group plc now owns 186,992 shares of the industrial products company’s stock worth $18,314,000 after acquiring an additional 82,616 shares in the last quarter. Riverbridge Partners LLC purchased a new stake in shares of Casella Waste Systems in the first quarter worth approximately $13,742,000. Yousif Capital Management LLC purchased a new stake in Casella Waste Systems in the 4th quarter worth approximately $1,784,000. Finally, SG Americas Securities LLC boosted its position in Casella Waste Systems by 103.4% during the fourth quarter. SG Americas Securities LLC now owns 24,268 shares of the industrial products company’s stock valued at $2,377,000 after purchasing an additional 12,334 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors.

Casella Waste Systems Stock Performance

Shares of CWST opened at $89.39 on Monday. The stock has a fifty day moving average price of $90.40 and a two-hundred day moving average price of $91.25. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.38 and a current ratio of 1.38. Casella Waste Systems, Inc. has a 52-week low of $74.05 and a 52-week high of $111.48. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 812.71 and a beta of 0.74.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. Casella Waste Systems had a return on equity of 5.19% and a net margin of 0.38%.The company had revenue of $457.33 million for the quarter, compared to analyst estimates of $454.49 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. Analysts predict that Casella Waste Systems, Inc. will post 1.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. TD Cowen reiterated a “buy” rating on shares of Casella Waste Systems in a research note on Friday, June 5th. Barclays raised Casella Waste Systems from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $101.00 to $102.00 in a report on Monday, May 4th. UBS Group decreased their price target on shares of Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. Weiss Ratings restated a “sell (d)” rating on shares of Casella Waste Systems in a research report on Friday, May 22nd. Finally, Zacks Research raised shares of Casella Waste Systems from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $110.12.

Insider Activity

In related news, Director Michael K. Burke sold 2,305 shares of the company’s 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 transaction, the director owned 14,048 shares in the company, valued at $1,230,042.88. This represents a 14.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edmond Coletta sold 12,500 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $89.56, for a total transaction of $1,119,500.00. Following the sale, the chief executive officer directly owned 140,118 shares in the company, valued at approximately $12,548,968.08. This represents a 8.19% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.78% of the stock is owned by corporate 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.