California Public Employees Retirement System lowered its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 14.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 111,400 shares of the industrial products company’s stock after selling 18,100 shares during the period. California Public Employees Retirement System owned 0.27% of Casella Waste Systems worth $1,572,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of Casella Waste Systems by 9.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,789,894 shares of the industrial products company’s stock worth $22,213,000 after buying an additional 157,511 shares during the period. State Street Corp boosted its position in shares of Casella Waste Systems by 7.3% in the fourth quarter. State Street Corp now owns 644,761 shares of the industrial products company’s stock worth $8,000,000 after buying an additional 43,839 shares during the period. Eagle Boston Investment Management Inc. boosted its position in shares of Casella Waste Systems by 5.7% in the first quarter. Eagle Boston Investment Management Inc. now owns 611,485 shares of the industrial products company’s stock worth $8,628,000 after buying an additional 32,753 shares during the period. Monarch Partners Asset Management LLC boosted its position in shares of Casella Waste Systems by 88.8% in the first quarter. Monarch Partners Asset Management LLC now owns 480,723 shares of the industrial products company’s stock worth $6,783,000 after buying an additional 226,090 shares during the period. Finally, Wellington Management Group LLP purchased a new position in shares of Casella Waste Systems during the first quarter worth approximately $6,461,000. Institutional investors own 75.19% of the company’s stock.

Shares of Casella Waste Systems, Inc. (NASDAQ CWST) traded up 2.55% during trading on Friday, reaching $16.06. The company had a trading volume of 343,447 shares. The firm has a 50-day moving average of $16.60 and a 200 day moving average of $14.17. Casella Waste Systems, Inc. has a 52 week low of $8.75 and a 52 week high of $17.73. The firm’s market capitalization is $671.48 million.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. Casella Waste Systems had a negative return on equity of 99.93% and a negative net margin of 10.01%. The firm had revenue of $154.02 million during the quarter, compared to the consensus estimate of $149.88 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts forecast that Casella Waste Systems, Inc. will post $0.59 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Casella Waste Systems, Inc. (CWST) Shares Sold by California Public Employees Retirement System” was originally published by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://www.dailypolitical.com/2017/08/05/casella-waste-systems-inc-cwst-shares-sold-by-california-public-employees-retirement-system.html.

CWST has been the subject of a number of research analyst reports. BidaskClub cut Casella Waste Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded Casella Waste Systems from a “sell” rating to a “hold” rating in a report on Friday. KeyCorp raised their target price on Casella Waste Systems from $14.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, May 11th. Stifel Nicolaus restated a “buy” rating and set a $19.00 target price on shares of Casella Waste Systems in a report on Friday, July 28th. Finally, Barclays PLC initiated coverage on Casella Waste Systems in a report on Friday, June 23rd. They set an “overweight” rating and a $19.00 target price for the company. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Casella Waste Systems presently has an average rating of “Hold” and a consensus price target of $17.00.

In other news, CEO John W. Casella sold 7,817 shares of the company’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $16.82, for a total value of $131,481.94. Following the completion of the sale, the chief executive officer now owns 507,912 shares of the company’s stock, valued at $8,543,079.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Edwin D. Johnson sold 3,591 shares of the company’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $16.82, for a total value of $60,400.62. Following the completion of the sale, the chief operating officer now directly owns 269,500 shares of the company’s stock, valued at approximately $4,532,990. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,102 shares of company stock valued at $268,106. 11.50% of the stock is owned by company insiders.

About Casella Waste Systems

Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment.

Institutional Ownership by Quarter for Casella Waste Systems (NASDAQ:CWST)

Receive News & Ratings for Casella Waste Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casella Waste Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.