9,178 Shares in Casella Waste Systems, Inc. $CWST Acquired by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Casella Waste Systems, Inc. (NASDAQ:CWST) in the fourth quarter, Holdings Channel reports. The fund purchased 9,178 shares of the industrial products company’s stock, valued at approximately $899,000.

Other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in shares of Casella Waste Systems by 180.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock worth $27,000 after buying an additional 191 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Casella Waste Systems by 301.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after buying an additional 184 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Casella Waste Systems by 41.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 337 shares of the industrial products company’s stock worth $33,000 after buying an additional 98 shares during the last quarter. Optiver Holding B.V. lifted its position in shares of Casella Waste Systems by 280.0% during the 3rd quarter. Optiver Holding B.V. now owns 399 shares of the industrial products company’s stock worth $38,000 after buying an additional 294 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Casella Waste Systems during the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on CWST shares. Barclays upgraded shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $101.00 to $102.00 in a research report on Monday, May 4th. JPMorgan Chase & Co. reduced their price objective on shares of Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, February 23rd. UBS Group reduced their price objective on shares of Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Raymond James Financial restated a “strong-buy” rating and set a $115.00 price objective on shares of Casella Waste Systems in a research report on Monday, February 23rd. Finally, Weiss Ratings downgraded shares of Casella Waste Systems from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, February 23rd. Two equities 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $111.13.

Insider Buying and Selling at Casella Waste Systems

In other news, CEO Edmond Coletta sold 12,500 shares of Casella Waste Systems stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $89.56, for a total value of $1,119,500.00. Following the transaction, the chief executive officer directly owned 140,118 shares of the company’s stock, valued at $12,548,968.08. The trade was a 8.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Kevin Drohan sold 675 shares of Casella Waste Systems stock in a transaction on Friday, February 27th. The shares were sold at an average price of $92.61, for a total transaction of $62,511.75. Following the completion of the transaction, the chief accounting officer directly owned 7,462 shares in the company, valued at $691,055.82. The trade was a 8.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 28,330 shares of company stock valued at $2,573,708. Insiders own 3.78% of the company’s stock.

Casella Waste Systems Stock Performance

Shares of Casella Waste Systems stock opened at $87.41 on Friday. The firm’s fifty day simple moving average is $83.24 and its 200-day simple moving average is $92.79. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 794.71 and a beta of 0.77. Casella Waste Systems, Inc. has a 12 month low of $74.05 and a 12 month high of $118.91. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.38.

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