Dimensional Fund Advisors LP Buys 31,471 Shares of Casella Waste Systems, Inc. $CWST

Dimensional Fund Advisors LP grew its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 3.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,067,132 shares of the industrial products company’s stock after buying an additional 31,471 shares during the period. Dimensional Fund Advisors LP’s holdings in Casella Waste Systems were worth $84,663,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position 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 period. Mackenzie Financial Corp grew its holdings in Casella Waste Systems by 3.9% during 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 period. First Horizon Corp grew its holdings in Casella Waste Systems by 48.6% during the fourth quarter. First Horizon Corp now owns 489 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 160 shares during the period. Geneos Wealth Management Inc. increased its stake in Casella Waste Systems by 301.6% in the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 184 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in Casella Waste Systems by 46.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 662 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 211 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Edmond Coletta sold 12,500 shares of the business’s 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 sale, the chief executive officer owned 140,118 shares of the company’s stock, valued at $12,548,968.08. The trade was a 8.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction of $201,825.80. Following the transaction, the director owned 14,048 shares of the company’s stock, valued at $1,230,042.88. The trade was a 14.10% decrease in their position. The SEC filing for this sale provides additional information. 3.78% of the stock is owned by company insiders.

Casella Waste Systems Stock Down 1.1%

Shares of Casella Waste Systems stock opened at $89.50 on Friday. The business’s 50 day simple moving average is $90.62 and its 200 day simple moving average is $90.95. Casella Waste Systems, Inc. has a 52-week low of $74.05 and a 52-week high of $109.46. The firm has a market cap of $5.69 billion, a PE ratio of 813.71 and a beta of 0.74. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.38 and a current ratio of 1.38.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results 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 firm had revenue of $457.33 million for the quarter, compared to analysts’ expectations of $454.49 million. During the same quarter in the previous year, the business posted $0.19 EPS. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, analysts predict that Casella Waste Systems, Inc. will post 1.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CWST has been the topic of a number of recent analyst reports. Barclays raised shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $101.00 to $102.00 in a research report on Monday, May 4th. UBS Group dropped their price objective on Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday, June 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of Casella Waste Systems in a report on Friday, May 22nd. TD Cowen reissued a “buy” rating on shares of Casella Waste Systems in a research note on Friday, June 5th. Finally, Zacks Research upgraded Casella Waste Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Casella Waste Systems currently has a consensus rating of “Moderate Buy” and an average 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.