Casella Waste Systems, Inc. $CWST Position Lowered by Capital International Inc. CA

Capital International Inc. CA decreased its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 24.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 34,984 shares of the industrial products company’s stock after selling 11,346 shares during the quarter. Capital International Inc. CA’s holdings in Casella Waste Systems were worth $3,426,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Capital International Investors lifted its position in shares of Casella Waste Systems by 2.1% during the fourth quarter. Capital International Investors now owns 1,998,409 shares of the industrial products company’s stock worth $195,724,000 after purchasing an additional 41,447 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Casella Waste Systems in the fourth quarter worth about $27,000. Westfield Capital Management Co. LP lifted its holdings in Casella Waste Systems by 1.1% in the fourth quarter. Westfield Capital Management Co. LP now owns 1,665,226 shares of the industrial products company’s stock worth $163,092,000 after acquiring an additional 17,319 shares during the last quarter. Vise Technologies Inc. bought a new position in Casella Waste Systems in the fourth quarter worth about $226,000. Finally, TD Asset Management Inc lifted its holdings in Casella Waste Systems by 6.3% in the fourth quarter. TD Asset Management Inc now owns 39,810 shares of the industrial products company’s stock worth $3,899,000 after acquiring an additional 2,348 shares during the last quarter. Institutional investors own 99.51% of the company’s stock.

Analyst Ratings Changes

CWST has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Casella Waste Systems in a report on Friday, May 22nd. UBS Group cut their target price on shares of Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. TD Cowen reissued a “buy” rating on shares of Casella Waste Systems in a report on Friday. JPMorgan Chase & Co. cut their target price on shares of Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Finally, Barclays raised shares of 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. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $111.13.

Casella Waste Systems Stock Performance

CWST opened at $84.58 on Tuesday. The business’s 50 day moving average is $83.70 and its 200-day moving average is $92.50. The stock has a market cap of $5.38 billion, a PE ratio of 768.98 and a beta of 0.77. 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 twelve month low of $74.05 and a twelve month high of $118.91.

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

Insiders Place Their Bets

In other news, CFO Bradford John Helgeson sold 405 shares of Casella Waste Systems stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $87.73, for a total transaction of $35,530.65. Following the sale, the chief financial officer owned 7,342 shares of the company’s stock, valued at approximately $644,113.66. The trade was a 5.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John W. Casella sold 1,744 shares of Casella Waste Systems stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $87.77, for a total value of $153,070.88. Following the sale, the director directly owned 30,795 shares in the company, valued at approximately $2,702,877.15. This trade represents a 5.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 19,422 shares of company stock worth $1,729,647. 3.78% of the stock is currently owned by corporate insiders.

Casella Waste Systems Company Profile

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.