Weber Alan W lowered its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 27.8% during the second quarter, Holdings Channel reports. The fund owned 65,000 shares of the industrial products company’s stock after selling 25,000 shares during the period. Weber Alan W’s holdings in Casella Waste Systems were worth $1,067,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CWST. State Board of Administration of Florida Retirement System boosted its position in shares of Casella Waste Systems by 30.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 22,702 shares of the industrial products company’s stock valued at $282,000 after buying an additional 5,281 shares during the last quarter. 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 valued at $8,000,000 after buying an additional 43,839 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Casella Waste Systems by 37.9% in the fourth quarter. AQR Capital Management LLC now owns 19,224 shares of the industrial products company’s stock valued at $239,000 after buying an additional 5,281 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Casella Waste Systems by 197.6% in the first quarter. Bank of Montreal Can now owns 20,864 shares of the industrial products company’s stock valued at $294,000 after buying an additional 13,853 shares during the last quarter. Finally, Cypress Capital Management LLC WY acquired a new position in shares of Casella Waste Systems during the first quarter valued at about $289,000. Institutional investors own 75.46% of the company’s stock.

Casella Waste Systems, Inc. (NASDAQ:CWST) opened at 15.80 on Thursday. The company’s market capitalization is $660.61 million. Casella Waste Systems, Inc. has a one year low of $8.75 and a one year high of $17.73. The firm’s 50-day moving average is $16.63 and its 200 day moving average is $14.30.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. Casella Waste Systems had a negative net margin of 10.01% and a negative return on equity of 60.26%. The firm had revenue of $154.02 million for the quarter, compared to analyst estimates of $149.88 million. During the same period in the prior year, the firm earned $0.12 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities analysts expect that Casella Waste Systems, Inc. will post $0.57 EPS for the current fiscal year.

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Several research analysts have issued reports on CWST shares. Zacks Investment Research cut shares of Casella Waste Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 3rd. KeyCorp increased their target price on shares of Casella Waste Systems from $14.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, May 11th. Barclays PLC started coverage on shares of Casella Waste Systems in a report on Friday, June 23rd. They set an “overweight” rating and a $19.00 target price on the stock. BidaskClub cut shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $16.00 target price on shares of Casella Waste Systems in a report on Wednesday, July 19th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $16.83.

In related news, Director William P. Hulligan sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $16.15, for a total transaction of $323,000.00. Following the sale, the director now directly owns 96,760 shares in the company, valued at $1,562,674. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John W. Casella sold 7,817 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $16.82, for a total transaction of $131,481.94. Following the sale, the chief executive officer now owns 507,912 shares in the company, valued at $8,543,079.84. The disclosure for this sale can be found here. Insiders have sold 36,102 shares of company stock worth $591,106 over the last 90 days. Insiders own 11.50% of the company’s stock.

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.

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

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