TD Asset Management Inc Increases Stock Position in Casella Waste Systems, Inc. $CWST

TD Asset Management Inc increased its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 119.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,462 shares of the industrial products company’s stock after buying an additional 20,362 shares during the quarter. TD Asset Management Inc owned about 0.06% of Casella Waste Systems worth $3,554,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CWST. AQR Capital Management LLC raised its holdings in shares of Casella Waste Systems by 57.7% in the 1st quarter. AQR Capital Management LLC now owns 9,283 shares of the industrial products company’s stock worth $1,035,000 after purchasing an additional 3,395 shares during the period. Jones Financial Companies Lllp grew its stake in Casella Waste Systems by 1,601.9% during the first quarter. Jones Financial Companies Lllp now owns 5,412 shares of the industrial products company’s stock worth $603,000 after buying an additional 5,094 shares during the period. Jane Street Group LLC increased its position in shares of Casella Waste Systems by 3,226.1% in the first quarter. Jane Street Group LLC now owns 69,849 shares of the industrial products company’s stock worth $7,789,000 after acquiring an additional 67,749 shares in the last quarter. Geneos Wealth Management Inc. raised its stake 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 valued at $27,000 after acquiring an additional 184 shares during the period. Finally, AlphaQuest LLC acquired a new position in shares of Casella Waste Systems during the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Trading Down 0.3%

CWST opened at $91.64 on Wednesday. Casella Waste Systems, Inc. has a 12-month low of $82.22 and a 12-month high of $121.24. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $5.82 billion, a PE ratio of 763.73 and a beta of 0.80. The firm’s fifty day moving average price is $101.07 and its 200 day moving average price is $95.81.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Thursday, February 19th. The industrial products company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.08. Casella Waste Systems had a net margin of 0.43% and a return on equity of 5.17%. The company had revenue of $469.06 million during the quarter, compared to the consensus estimate of $471.32 million. During the same quarter in the previous year, the firm earned $0.41 EPS. The company’s revenue was up 9.7% on a year-over-year basis. As a group, research analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Insider Transactions at Casella Waste Systems

In other news, CAO Kevin Drohan sold 675 shares of the business’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 completion of the sale, the chief accounting officer directly owned 7,462 shares in the company, valued at approximately $691,055.82. The trade was a 8.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Edmond Coletta sold 3,812 shares of Casella Waste Systems stock in a transaction on Friday, February 27th. The stock was sold at an average price of $93.70, for a total transaction of $357,184.40. Following the completion of the transaction, the president directly owned 147,091 shares of the company’s stock, valued at approximately $13,782,426.70. This represents a 2.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 11,213 shares of company stock worth $1,045,887. 3.81% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on CWST shares. JPMorgan Chase & Co. cut their price objective on Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Jefferies Financial Group set a $120.00 price target on Casella Waste Systems and gave the stock a “buy” rating in a report on Tuesday, January 6th. Raymond James Financial reiterated a “strong-buy” rating and set a $115.00 price objective on shares of Casella Waste Systems in a research note on Monday, February 23rd. Weiss Ratings downgraded shares of Casella Waste Systems from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, February 23rd. Finally, Barclays lifted their price target on shares of Casella Waste Systems from $95.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Casella Waste Systems presently has an average rating of “Moderate Buy” and a consensus target price of $114.22.

Casella Waste Systems 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.