Axiom Investors LLC DE Acquires 82,136 Shares of Casella Waste Systems, Inc. $CWST

Axiom Investors LLC DE lifted its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 68.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 201,364 shares of the industrial products company’s stock after acquiring an additional 82,136 shares during the period. Axiom Investors LLC DE’s holdings in Casella Waste Systems were worth $19,722,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in CWST. Hilton Head Capital Partners LLC bought a new position in shares of Casella Waste Systems in the 4th quarter worth about $25,000. Smartleaf Asset Management LLC raised its position in shares of Casella Waste Systems by 180.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 191 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Casella Waste Systems by 301.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 184 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Casella Waste Systems in the 4th quarter valued at about $27,000. Finally, EverSource Wealth Advisors LLC increased its position in Casella Waste Systems by 41.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 337 shares of the industrial products company’s stock valued at $33,000 after buying an additional 98 shares in the last quarter. 99.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Casella Waste Systems in a research report on Friday, May 22nd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $115.00 target price on shares of Casella Waste Systems in a research report on Monday, February 23rd. JPMorgan Chase & Co. decreased their target price on 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. Barclays raised Casella Waste Systems from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $101.00 to $102.00 in a research report on Monday, May 4th. Finally, UBS Group decreased their target price on 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. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $111.13.

Casella Waste Systems Stock Performance

CWST stock opened at $87.81 on Wednesday. The firm has a market cap of $5.59 billion, a PE ratio of 798.35 and a beta of 0.77. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average of $83.95 and a 200-day moving average of $92.47. 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 posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.10 by $0.10. Casella Waste Systems had a return on equity of 5.19% and a net margin of 0.38%.The business had revenue of $457.33 million for the quarter, compared to the consensus estimate of $454.49 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. Casella Waste Systems’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, sell-side analysts expect that Casella Waste Systems, Inc. will post 1.12 earnings per share for the current year.

Insider Buying and Selling

In other Casella Waste Systems news, CFO Bradford John Helgeson sold 405 shares of the stock in a transaction 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 in the company, valued at $644,113.66. This represents a 5.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael K. Burke sold 2,305 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $87.56, for a total value of $201,825.80. Following the sale, the director owned 14,048 shares in the company, valued at approximately $1,230,042.88. This represents a 14.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 19,422 shares of company stock worth $1,729,647. Insiders own 3.78% of the company’s stock.

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.