Granahan Investment Management Inc. MA acquired a new position in Casella Waste Systems Inc. (NASDAQ:CWST) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 202,549 shares of the industrial products company’s stock, valued at approximately $5,187,000. Granahan Investment Management Inc. MA owned approximately 0.47% of Casella Waste Systems as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of CWST. Wells Fargo & Company MN raised its position in shares of Casella Waste Systems by 237.1% in the first quarter. Wells Fargo & Company MN now owns 829,885 shares of the industrial products company’s stock worth $19,403,000 after buying an additional 583,679 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Casella Waste Systems in the first quarter worth $142,000. State Board of Administration of Florida Retirement System raised its position in shares of Casella Waste Systems by 35.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 23,609 shares of the industrial products company’s stock worth $552,000 after buying an additional 6,188 shares in the last quarter. Swiss National Bank raised its position in shares of Casella Waste Systems by 3.3% in the first quarter. Swiss National Bank now owns 68,000 shares of the industrial products company’s stock worth $1,590,000 after buying an additional 2,200 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Casella Waste Systems by 2.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 201,396 shares of the industrial products company’s stock worth $4,709,000 after buying an additional 4,364 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

A number of research firms have weighed in on CWST. BidaskClub upgraded Casella Waste Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, June 20th. Raymond James raised their price target on Casella Waste Systems from $33.00 to $35.00 and gave the company a “strong-buy” rating in a research report on Friday, September 7th. Stifel Nicolaus downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research report on Monday, August 6th. They noted that the move was a valuation call. Zacks Investment Research downgraded Casella Waste Systems from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th. Finally, ValuEngine upgraded Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. Casella Waste Systems currently has a consensus rating of “Buy” and a consensus target price of $29.75.

NASDAQ CWST opened at $31.97 on Tuesday. Casella Waste Systems Inc. has a twelve month low of $16.64 and a twelve month high of $33.94. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of -14.47. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 51.25 and a beta of 1.03.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results on Thursday, August 2nd. The industrial products company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). Casella Waste Systems had a net margin of 4.79% and a negative return on equity of 63.60%. The firm had revenue of $165.65 million for the quarter, compared to analysts’ expectations of $158.95 million. During the same quarter in the previous year, the business earned $0.25 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. analysts predict that Casella Waste Systems Inc. will post 0.71 EPS for the current fiscal year.

In other news, Director William P. Hulligan sold 10,000 shares of Casella Waste Systems stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $28.85, for a total value of $288,500.00. Following the transaction, the director now owns 69,484 shares in the company, valued at $2,004,613.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael K. Burke sold 13,845 shares of Casella Waste Systems stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $27.72, for a total value of $383,783.40. Following the completion of the transaction, the director now owns 60,422 shares in the company, valued at approximately $1,674,897.84. The disclosure for this sale can be found here. Insiders have sold 66,845 shares of company stock worth $1,999,113 in the last 90 days. Company insiders own 10.64% of the company’s stock.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically-integrated solid waste services company in the northeastern United States. The company operates through Eastern Region, Western Region, Recycling, and Other segments. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers.

Featured Article: Diversification in Your Portfolio

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

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