Casella Waste Systems, Inc. $CWST Shares Acquired by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG lifted its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 30.3% in the 1st quarter, HoldingsChannel reports. The firm owned 74,219 shares of the industrial products company’s stock after purchasing an additional 17,241 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Casella Waste Systems were worth $5,874,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 acquiring an additional 98 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in Casella Waste Systems by 3.9% in the third quarter. Mackenzie Financial Corp now owns 3,975 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 149 shares during the last quarter. First Horizon Corp grew its position in Casella Waste Systems by 48.6% during the 4th quarter. First Horizon Corp now owns 489 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 160 shares during the period. Geneos Wealth Management Inc. grew its position in 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 purchasing an additional 184 shares during the period. Finally, CIBC Private Wealth Group LLC raised its stake in shares of Casella Waste Systems by 46.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 662 shares of the industrial products company’s stock valued at $65,000 after buying an additional 211 shares during the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.

Casella Waste Systems Trading Up 1.3%

Shares of CWST stock opened at $98.09 on Tuesday. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 891.81 and a beta of 0.74. The stock has a 50 day simple moving average of $88.88 and a 200-day simple moving average of $91.65. 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, Inc. has a 1-year low of $74.05 and a 1-year high of $112.88.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. The company had revenue of $457.33 million during 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 firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share. On average, equities research analysts expect that Casella Waste Systems, Inc. will post 1.12 EPS for the current fiscal year.

Insider Transactions at Casella Waste Systems

In other Casella Waste Systems news, Director Michael K. Burke sold 2,305 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $87.56, for a total transaction of $201,825.80. Following the completion of the sale, the director directly owned 14,048 shares in the company, valued at approximately $1,230,042.88. The trade was a 14.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edmond Coletta sold 12,500 shares of the stock in a transaction that occurred 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 SEC filing for this sale provides additional information. 3.78% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CWST shares. UBS Group decreased their price objective on Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating for the company in a report on Friday, June 26th. TD Cowen reaffirmed a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Casella Waste Systems in a research report on Friday, May 22nd. Zacks Research upgraded Casella Waste Systems from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 8th. Finally, Barclays upgraded Casella Waste Systems from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $101.00 to $102.00 in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.12.

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.