Casella Waste Systems, Inc. $CWST Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC trimmed its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 597,810 shares of the industrial products company’s stock after selling 11,365 shares during the period. TimesSquare Capital Management LLC’s holdings in Casella Waste Systems were worth $58,550,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CWST. Pictet Asset Management Holding SA grew its holdings in Casella Waste Systems by 10,865.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 990,651 shares of the industrial products company’s stock worth $97,040,000 after acquiring an additional 981,617 shares during the period. Alliancebernstein L.P. grew its holdings in Casella Waste Systems by 1,106.7% during the second quarter. Alliancebernstein L.P. now owns 867,285 shares of the industrial products company’s stock worth $100,067,000 after acquiring an additional 795,414 shares during the period. UBS Group AG grew its holdings in Casella Waste Systems by 653.2% during the fourth quarter. UBS Group AG now owns 841,897 shares of the industrial products company’s stock worth $82,455,000 after acquiring an additional 730,128 shares during the period. Vanguard Group Inc. grew its holdings in Casella Waste Systems by 9.7% during the fourth quarter. Vanguard Group Inc. now owns 6,574,893 shares of the industrial products company’s stock worth $643,945,000 after acquiring an additional 581,310 shares during the period. Finally, Capital Research Global Investors grew its holdings in Casella Waste Systems by 39.3% during the third quarter. Capital Research Global Investors now owns 2,010,818 shares of the industrial products company’s stock worth $190,786,000 after acquiring an additional 566,887 shares during the period. 99.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on CWST. Raymond James Financial reaffirmed a “strong-buy” rating and set a $115.00 target price on shares of Casella Waste Systems in a report on Monday, February 23rd. Barclays raised Casella Waste Systems from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $101.00 to $102.00 in a report on Monday, May 4th. JPMorgan Chase & Co. dropped their target price on Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Weiss Ratings downgraded Casella Waste Systems from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, February 23rd. Finally, UBS Group lowered their price target on Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Casella Waste Systems has a consensus rating of “Moderate Buy” and a consensus target price of $111.13.

Insiders Place Their Bets

In other news, CAO Kevin Drohan sold 675 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $92.61, for a total value of $62,511.75. Following the transaction, the chief accounting officer owned 7,462 shares in the company, valued at $691,055.82. This trade represents a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Bradford John Helgeson sold 405 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $87.73, for a total value of $35,530.65. Following the completion of the transaction, the chief financial officer owned 7,342 shares in the company, valued at approximately $644,113.66. This trade represents a 5.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 15,830 shares of company stock worth $1,454,208. Company insiders own 3.78% of the company’s stock.

Casella Waste Systems Stock Performance

Shares of CWST stock opened at $88.10 on Tuesday. The company has a market capitalization of $5.60 billion, a P/E ratio of 800.98 and a beta of 0.77. The business’s 50 day moving average is $83.61 and its two-hundred day moving average is $92.78. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.72. Casella Waste Systems, Inc. has a 12-month low of $74.05 and a 12-month high of $118.91.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. The company had revenue of $457.33 million for the quarter, compared to the consensus estimate of $454.49 million. Casella Waste Systems had a return on equity of 5.19% and a net margin of 0.38%.Casella Waste Systems’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.19 earnings per share. Analysts expect that Casella Waste Systems, Inc. will post 1.12 EPS for the current fiscal year.

About Casella Waste Systems

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.