Citadel Advisors LLC bought a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 35,701 shares of the industrial products company’s stock, valued at approximately $586,000. Citadel Advisors LLC owned 0.09% of Casella Waste Systems at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its stake in Casella Waste Systems by 13.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,644,942 shares of the industrial products company’s stock worth $43,403,000 after acquiring an additional 322,600 shares during the period. Globeflex Capital L P raised its stake in Casella Waste Systems by 91.3% during the 2nd quarter. Globeflex Capital L P now owns 23,088 shares of the industrial products company’s stock worth $379,000 after acquiring an additional 11,021 shares during the period. Vanguard Group Inc. raised its stake in Casella Waste Systems by 7.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,667,852 shares of the industrial products company’s stock worth $27,369,000 after acquiring an additional 115,130 shares during the period. Northern Trust Corp raised its stake in Casella Waste Systems by 1.0% during the 2nd quarter. Northern Trust Corp now owns 453,612 shares of the industrial products company’s stock worth $7,444,000 after acquiring an additional 4,516 shares during the period. Finally, New York State Common Retirement Fund raised its stake in Casella Waste Systems by 11.1% during the 2nd quarter. New York State Common Retirement Fund now owns 40,100 shares of the industrial products company’s stock worth $658,000 after acquiring an additional 3,999 shares during the period. Institutional investors own 77.40% of the company’s stock.

In other news, Director William P. Hulligan sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $16.15, for a total transaction of $323,000.00. Following the completion of the transaction, the director now directly owns 96,760 shares of the company’s stock, valued at approximately $1,562,674. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael K. Burke sold 31,500 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $17.93, for a total value of $564,795.00. Following the transaction, the director now directly owns 116,514 shares of the company’s stock, valued at $2,089,096.02. The disclosure for this sale can be found here. Insiders own 11.50% of the company’s stock.

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Shares of Casella Waste Systems, Inc. (NASDAQ:CWST) opened at 18.17 on Monday. The firm’s 50-day moving average is $17.57 and its 200-day moving average is $15.83. Casella Waste Systems, Inc. has a one year low of $10.31 and a one year high of $19.13. The stock’s market capitalization is $763.79 million.

Casella Waste Systems (NASDAQ:CWST) last announced 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 60.26% and a negative net margin of 10.01%. The company had revenue of $154.02 million during the quarter, compared to the consensus estimate of $149.88 million. During the same period in the previous year, the company posted $0.12 earnings per share. Casella Waste Systems’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts forecast that Casella Waste Systems, Inc. will post $0.61 EPS for the current year.

CWST has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Barclays PLC initiated coverage on shares of Casella Waste Systems in a research note on Friday, June 23rd. They set an “overweight” rating and a $19.00 target price on the stock. Stifel Nicolaus cut shares of Casella Waste Systems from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a research note on Wednesday, October 4th. Finally, Zacks Investment Research cut shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Casella Waste Systems presently has a consensus rating of “Hold” and a consensus price target of $16.83.

Casella Waste Systems Company 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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