Thompson Siegel & Walmsley LLC lessened its position in Casella Waste Systems Inc. (NASDAQ:CWST) by 69.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 65,521 shares of the industrial products company’s stock after selling 146,293 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Casella Waste Systems were worth $2,035,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sawtooth Solutions LLC purchased a new position in shares of Casella Waste Systems in the second quarter valued at approximately $212,000. Schwab Charles Investment Management Inc. lifted its position in shares of Casella Waste Systems by 3.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 207,710 shares of the industrial products company’s stock valued at $5,320,000 after acquiring an additional 6,314 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Casella Waste Systems by 14.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 41,440 shares of the industrial products company’s stock valued at $1,287,000 after purchasing an additional 5,234 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Casella Waste Systems by 2.2% in the second quarter. Renaissance Technologies LLC now owns 3,442,142 shares of the industrial products company’s stock valued at $88,153,000 after purchasing an additional 73,900 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of Casella Waste Systems in the second quarter valued at approximately $3,404,000. Institutional investors and hedge funds own 84.54% of the company’s stock.

NASDAQ:CWST opened at $31.36 on Monday. Casella Waste Systems Inc. has a one year low of $18.98 and a one year high of $34.48. The company has a market capitalization of $1.35 billion, a P/E ratio of 46.81 and a beta of 0.88.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). Casella Waste Systems had a net margin of 6.30% and a negative return on equity of 94.81%. The company had revenue of $172.83 million during the quarter, compared to analyst estimates of $172.77 million. During the same period in the prior year, the business posted $0.30 EPS. Casella Waste Systems’s revenue for the quarter was up 7.8% compared to the same quarter last year. Research analysts forecast that Casella Waste Systems Inc. will post 0.68 EPS for the current year.

Several research firms recently commented on CWST. ValuEngine raised Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 11th. BidaskClub raised Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 1st. Zacks Investment Research raised Casella Waste Systems from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Tuesday, September 18th. Raymond James increased their price target on Casella Waste Systems from $33.00 to $35.00 and gave the company a “strong-buy” rating in a report on Friday, September 7th. Finally, Stifel Nicolaus cut Casella Waste Systems from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a report on Monday, August 6th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. Casella Waste Systems presently has an average rating of “Buy” and a consensus price target of $31.50.

In other Casella Waste Systems news, Director Michael K. Burke sold 13,845 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $27.72, for a total transaction of $383,783.40. Following the completion of the sale, the director now owns 60,422 shares of the company’s stock, valued at $1,674,897.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Edwin D. Johnson sold 20,000 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $31.20, for a total value of $624,000.00. Following the sale, the chief operating officer now directly owns 345,317 shares of the company’s stock, valued at approximately $10,773,890.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,845 shares of company stock valued at $1,430,713. Insiders own 10.64% of the company’s stock.

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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.

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

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