Natixis Advisors L.P. Acquires 4,065 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Natixis Advisors L.P. increased its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWSTGet Rating) by 7.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,610 shares of the industrial products company’s stock after buying an additional 4,065 shares during the period. Natixis Advisors L.P.’s holdings in Casella Waste Systems were worth $5,137,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CWST. Russell Investments Group Ltd. bought a new stake in Casella Waste Systems in the first quarter valued at approximately $35,000. Signaturefd LLC increased its stake in Casella Waste Systems by 43.0% in the first quarter. Signaturefd LLC now owns 522 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 157 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in Casella Waste Systems by 919.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 958 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 864 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Casella Waste Systems in the first quarter valued at approximately $102,000. Finally, USA Financial Portformulas Corp boosted its holdings in shares of Casella Waste Systems by 5,904.2% in the fourth quarter. USA Financial Portformulas Corp now owns 1,441 shares of the industrial products company’s stock valued at $123,000 after buying an additional 1,417 shares during the period. 96.50% of the stock is owned by institutional investors.

Casella Waste Systems Stock Performance

Shares of CWST stock opened at $80.71 on Monday. The stock has a market cap of $4.17 billion, a P/E ratio of 88.69, a P/E/G ratio of 5.39 and a beta of 0.99. The company has a fifty day moving average price of $78.86 and a two-hundred day moving average price of $78.64. Casella Waste Systems, Inc. has a one year low of $63.90 and a one year high of $92.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.11 and a quick ratio of 1.03.

Casella Waste Systems (NASDAQ:CWSTGet Rating) last released its quarterly earnings results on Thursday, July 28th. The industrial products company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. The business had revenue of $283.67 million for the quarter, compared to analyst estimates of $252.48 million. Casella Waste Systems had a net margin of 4.69% and a return on equity of 12.27%. Casella Waste Systems’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period last year, the firm earned $0.25 earnings per share. As a group, equities analysts predict that Casella Waste Systems, Inc. will post 1.07 EPS for the current year.

Insider Activity

In other news, SVP Paul Ligon sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $85.30, for a total value of $106,625.00. Following the sale, the senior vice president now directly owns 23,540 shares in the company, valued at approximately $2,007,962. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Douglas R. Casella sold 20,000 shares of Casella Waste Systems stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $84.08, for a total transaction of $1,681,600.00. Following the sale, the director now directly owns 208,773 shares in the company, valued at approximately $17,553,633.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Paul Ligon sold 1,250 shares of Casella Waste Systems stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $85.30, for a total transaction of $106,625.00. Following the sale, the senior vice president now owns 23,540 shares in the company, valued at $2,007,962. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,600 shares of company stock worth $3,079,431. Corporate insiders own 5.05% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CWST. TheStreet upgraded shares of Casella Waste Systems from a “c+” rating to a “b-” rating in a report on Friday, July 29th. StockNews.com upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 11th. Finally, Raymond James increased their target price on shares of Casella Waste Systems from $89.00 to $93.00 and gave the stock a “strong-buy” rating in a report on Monday, August 1st.

Casella Waste Systems Profile

(Get Rating)

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the northeastern United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.

Recommended Stories

Want to see what other hedge funds are holding CWST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Casella Waste Systems, Inc. (NASDAQ:CWSTGet Rating).

Institutional Ownership by Quarter for Casella Waste Systems (NASDAQ:CWST)

Receive News & Ratings for Casella Waste Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casella Waste Systems and related companies with MarketBeat.com's FREE daily email newsletter.