Thompson Davis & CO. Inc. maintained its position in Casella Waste Systems, Inc. (NASDAQ:CWST) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,250 shares of the industrial products company’s stock at the close of the 2nd quarter. Thompson Davis & CO. Inc.’s holdings in Casella Waste Systems were worth $103,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CWST. BNP Paribas Arbitrage SA raised its holdings in shares of Casella Waste Systems by 206.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,309 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 4,922 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Casella Waste Systems in the 1st quarter worth approximately $144,000. Teza Capital Management LLC bought a new stake in shares of Casella Waste Systems in the 1st quarter worth approximately $157,000. Simplex Trading LLC raised its holdings in shares of Casella Waste Systems by 596.4% in the 2nd quarter. Simplex Trading LLC now owns 9,931 shares of the industrial products company’s stock worth $162,000 after purchasing an additional 8,505 shares during the period. Finally, Karp Capital Management Corp bought a new stake in shares of Casella Waste Systems in the 1st quarter worth approximately $163,000. 77.44% of the stock is currently owned by institutional investors.

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A number of equities research analysts recently commented on the stock. BidaskClub raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research upgraded shares of Casella Waste Systems from a “sell” rating to a “hold” rating and set a $18.00 price objective for the company in a research note on Friday, August 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $19.00 price objective on shares of Casella Waste Systems in a research note on Friday, July 28th. Finally, Barclays PLC began coverage on shares of Casella Waste Systems in a research note on Friday, June 23rd. They issued an “overweight” rating and a $19.00 price objective for the company. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Casella Waste Systems currently has an average rating of “Buy” and an average target price of $16.83.

Casella Waste Systems, Inc. (NASDAQ:CWST) traded up 0.97% on Friday, hitting $17.69. 267,268 shares of the stock were exchanged. The firm’s market cap is $743.62 million. Casella Waste Systems, Inc. has a 12 month low of $8.75 and a 12 month high of $17.77. The company has a 50-day moving average of $16.62 and a 200 day moving average of $15.04.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $154.02 million for the quarter, compared to the consensus estimate of $149.88 million. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $0.12 earnings per share. Equities research analysts expect that Casella Waste Systems, Inc. will post $0.61 earnings per share for the current fiscal year.

In other news, Vice Chairman Douglas R. Casella sold 2,166 shares of the firm’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $16.82, for a total transaction of $36,432.12. Following the sale, the insider now directly owns 739,613 shares in the company, valued at approximately $12,440,290.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Casella sold 7,817 shares of the firm’s stock in a transaction on Wednesday, June 28th. The shares were 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 a total of 34,602 shares of company stock worth $568,606 over the last 90 days. Insiders own 11.50% of the company’s stock.

Casella Waste Systems Profile

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)

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